Sunil Mittal asserts Bharti Airtel has made self-assessment, paid full AGR dues of around Rs 13,000 cr
5 years ago

Sunil Mittal asserts Bharti Airtel has made self-assessment, paid full AGR dues of around Rs 13,000 cr

Firstpost  

The total payout by Bharti Airtel, however, is half of Rs 35,586.01 crore liability estimated by the DoT. New Delhi: A week before the Supreme Court-mandated deadline for payment of past dues ends, Bharti Airtel chairman Sunil Mittal on Wednesday said that the company has paid Rs 13,000 crore to the government to clear all its dues as per its self-assessment. The comment by Mittal, who also met Telecom Secretary Anshu Prakash on Wednesday, assumes significance as the government, on 4 March, had asked Bharti Airtel, Vodafone Idea and other telecom companies to pay the remaining adjusted gross revenue dues as per the Supreme Court order without further delay. On Airtel’s payment being lesser than the government-calculated dues of Rs 35,000 crore, Mittal said, “There is no versus…They asked us to self-assess, we have self-assessed and paid.” The company has made payment in compliance with Telecom Department’s instructions for self-assessment, he said adding that the Supreme Court had not mentioned specific amounts. Beleaguered Vodafone Idea has pegged its total dues to the government following a Supreme Court order at Rs 21,533 crore – less than half of what the Telecom Department has estimated, even as the Vodafone Group CEO Nick Read last week indicated keenness to make a “new, good beginning” in India.

Telecom Payment Crore Supreme Dues Bharti Paid Bharti Airtel Airtel Vodafone Idea Dhotre Mittal Asserts  mittal  asserts  telecom  selfassessment  sunil  dues  airtel  crore  payment  vodafone  bharti  supreme  rs  cr  paid

History of this topic

Bharti Airtel's promoter group entity sells stake worth ₹8,475 crore, main promoter buys 24% of sale
1 month ago

Bharti Airtel's promoter group entity sells stake worth ₹8,475 crore, main promoter buys 24% of sale

Hindustan Times  

A promoter group company of Bharti Airtel Ltd called Indian Continent Investment Ltd has sold ₹8,485.11 crore worth of its stake in the telecom provider on Tuesday, February 18, 2025. This amounts to 5.11 crore shares, which is 0.84% of ICIL's stake in Airtel, the company announced in its exchange filing. Bharti Telecom Ltd, the main promoter of Airtel, bought …

Bharti Airtel share price falls after promoter-group entity ICIL sells 0.84% stake worth ₹8,485 crore
1 month ago

Bharti Airtel share price falls after promoter-group entity ICIL sells 0.84% stake worth ₹8,485 crore

Live Mint  

Bharti Airtel share price fell over a per cent on Tuesday after the telecom company announced that its promoter-group entity Indian Continent Investment Limited sold a 0.84% stake in the company. In a stock exchange filing on February 18, Bharti Airtel said that ICIL sold a 0.84% stake, or 5.11 crore equity shares, in Airtel, through a market transaction, for …

Stocks to Watch: Vodafone Idea, Airtel, RVNL, Glenmark Pharma, BHEL, and more
1 month ago

Stocks to Watch: Vodafone Idea, Airtel, RVNL, Glenmark Pharma, BHEL, and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Samvardhana Motherson: Samvardhana Motherson reported strong Q3 FY25 results, with net profit surging 62 percent year-on-year to ₹879 crore, driven by steady revenue growth and improved operational efficiency. RVNL: State-owned Rail Vikas Nigam Ltd reported a 13.1 percent YoY decline in net profit at ₹311.6 crore …

Vodafone Idea Q3 net loss narrows to Rs 6,609 crore
1 month, 1 week ago

Vodafone Idea Q3 net loss narrows to Rs 6,609 crore

The Hindu  

Vodafone Idea Ltd for the third quarter ended December 31, 2024 narrowed its net loss to ₹6,609 crore from net loss of ₹6,986 crore in the year ago period. With the recent equity infusion of ₹1,910 crore from one of our promoters, we have now secured approximately ₹26,000 crore in fresh equity capital over the past 10 months. On January …

Bharti Airtel share price gains 4% post Q3 results. Do you own it?
1 month, 2 weeks ago

Bharti Airtel share price gains 4% post Q3 results. Do you own it?

Live Mint  

Stock Market Today: Bharti Airtel share price gained close to 4% in the morning trade on Friday, February 7 following the Q3 results announcement. Bharti Airtel Q3 Results Bharti Airtel helped by a one-time gain from Indus Towers becoming its subsidiary in November, recorded a huge profit beat, with a net profit of ₹14,760 crore for the quarter ended December …

Bharti Airtel Q3 Results: Profit up 483% to ₹14,760 cr on Indus consolidation
1 month, 2 weeks ago

Bharti Airtel Q3 Results: Profit up 483% to ₹14,760 cr on Indus consolidation

Live Mint  

Bharti Airtel Q3 Results: India's second largest carrier Bharti Airtel Ltd beat estimates with a profit of ₹14,760 crore for the quarter ended December, up 483% from ₹2,530 crore a year earlier, due to a one-time gain from Indus Towers becoming its subsidiary in November. In a separate announcement, Indus Towers said Thursday that it was acquiring 16,100 towers, ultra …

Vodafone sells remaining £269 million stake in Indian telecoms group
2 months, 1 week ago

Vodafone sells remaining £269 million stake in Indian telecoms group

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Vodafone has sold its shares …

Vodafone Idea likely to launch 5G broadband services in March: Report
Trending News
2 months, 2 weeks ago

Vodafone Idea likely to launch 5G broadband services in March: Report

India Today  

Vodafone Idea is planning to launch its 5G mobile broadband services in March, reported The Economic Times. “We are gearing up to launch 5G services and are committed to providing the best experience and price,” a Vodafone Idea spokesperson told the publication. The anticipation of 5G launch helped Vodafone Idea’s shares gain marginally, which were trading at Rs 8.03, up …

Mint Quick Edit | Relief for telecom operators is good for the Indian market
2 months, 3 weeks ago

Mint Quick Edit | Relief for telecom operators is good for the Indian market

Live Mint  

The government has reportedly waived the requirement of about ₹33,000 crore worth of cumulative bank guarantees that private telecom players needed to provide against spectrum auctioned before the 2021 reform package. With advance proof of finance arrangements no longer needed, telecom operators will only have to pay for spectrum on the scheduled dates. The lightened burden could enable it to …

Airtel clears 2016 spectrum dues, prepays 3,626 crore to Centre
3 months ago

Airtel clears 2016 spectrum dues, prepays 3,626 crore to Centre

Hindustan Times  

Bharti Airtel has prepaid ₹3,626 crore to the Department of Telecom to clear all its liabilities for spectrum it had acquired in 2016, PTI quoted the company statement on Thursday. Bharti Airtel has made an early payment of 36.26 billion rupees to the Indian government) "Bharti Airtel has prepaid ₹3,626 crore to the Department of Telecom clearing all its liabilities …

Bharti Airtel Clears Spectrum Dues with Rs 3,626 Cr Prepayment
3 months ago

Bharti Airtel Clears Spectrum Dues with Rs 3,626 Cr Prepayment

Deccan Chronicle  

Bharti Airtel on Thursday said it prepaid Rs 3,626 crore to the department of telecom to clear all its liabilities for spectrum it had acquired in 2016. “Bharti Airtel has prepaid Rs 3,626 crore to the Department of Telecom clearing all its liabilities for spectrum it had acquired in 2016. In June, the Sunil Mittal-promoted telecom operator also prepaid all …

Airtel pays off ₹3,626 crore spectrum dues to Telecom Dept. for purchases in 2016
3 months ago

Airtel pays off ₹3,626 crore spectrum dues to Telecom Dept. for purchases in 2016

Live Mint  

Telecom major Bharti Airtel Ltd. announced on Thursday, December 19, that the company has paid off ₹3,626 crore in dues, which it owed to the Department of Telecom for the spectrums it acquired in 2016, according to an official statement. In the exchange filing, Bharti Airtel said that “it has prepaid ₹3,626 crores to the Department of Telecom clearing all …

Vodafone Idea board to meet today and decide on ₹2,000 crore fundraise
Trending News
3 months, 1 week ago

Vodafone Idea board to meet today and decide on ₹2,000 crore fundraise

Hindustan Times  

Vodafone Idea’s board will reportedly meet on Monday, December 9, 2024 to consider raising up to ₹2,000 crore through equity shares or convertible securities on a preferential basis to clear its debts with Indus Towers. Vodafone Idea said it will use the remaining proceeds towards a new issue of equity shares after the board decides the terms of capital Paying …

Vodafone Idea to consider raising funds worth ₹2,000-crore on Dec 9 via preferential issue to promoter group
3 months, 2 weeks ago

Vodafone Idea to consider raising funds worth ₹2,000-crore on Dec 9 via preferential issue to promoter group

Live Mint  

Vodafone Idea announced on Thursday, December 5, that its board will consider a proposal to raise ₹2,000 crore via preferential equity issuance belonging to Vodafone Group, one of its promoters. “A meeting of the Board of Directors of the company is scheduled to be held on Monday, 9 December 2024, inter-alia, to consider a proposal for raising of funds not …

Vodafone to sell remaining stake in Indian tower company Indus
3 months, 2 weeks ago

Vodafone to sell remaining stake in Indian tower company Indus

Hindustan Times  

The UK's Vodafone Group Plc is selling the whole 3% of stake it owns of Indus Towers in a $300 million deal to exit the company which is now a Bharti Airtel subsidiary. The Sunil Mittal-led Airtel could be a potential buyer for the Indus Tower shares from Vodafone UK The proceeds from selling the 79.2 million shares will be …

Telecom Sector Debt Reaches Rs 4.09 Lakh Crore In FY24; BSNL Records Lowest Debt Among Operators
3 months, 3 weeks ago

Telecom Sector Debt Reaches Rs 4.09 Lakh Crore In FY24; BSNL Records Lowest Debt Among Operators

ABP News  

The cumulative debt of the country’s four major telecom operators reached Rs 4,09,905 crore in the financial year 2024, with state-run Bharat Sanchar Nigam Limited reporting the lowest debt at Rs 23,297 crore, Parliament was informed. According to the data, Vodafone Idea carried the heaviest debt load at Rs 2.07 lakh crore, followed by Bharti Airtel at Rs 1.25 lakh …

India: Telecom debt crosses ₹4 lakh crore in FY24
3 months, 3 weeks ago

India: Telecom debt crosses ₹4 lakh crore in FY24

Deccan Chronicle  

New Delhi: The government on Wednesday said that the total debt on four major telecom operators in the country, including Reliance Jio, Bharti Airtel and Vodafone Idea stood at over Rs 4 lakh crore in the financial year 2024, with state-owned Bharat Sanchar Nigam Limited recording the lowest debt among competitors at Rs 23,297 crore. According to data shared by …

Sunil Mittal’s Bharti Telecom plans to raise about ₹8,500 crore in rupee bond market
4 months, 2 weeks ago

Sunil Mittal’s Bharti Telecom plans to raise about ₹8,500 crore in rupee bond market

Live Mint  

Bharti Telecom Ltd., owned by billionaire Sunil Bharti Mittal, is planning to raise about 85 billion rupees in the local-currency bond market, according to people familiar with the matter. If successful, it will be Bharti Telecom’s largest-ever rupee issuance, according to data compiled by Bloomberg. The borrowing is coming days after India’s second-largest wireless carrier Bharti Airtel Ltd., in which …

Airtel profit more than doubles to Rs 4,160 crore in Q1
7 months, 2 weeks ago

Airtel profit more than doubles to Rs 4,160 crore in Q1

New Indian Express  

NEW DELHI: Bharti Airtel, country’s second-largest telecom service provider, reported a record profit of Rs 4,160 crore for the first quarter ended June 30, 2024. The company’s net profit was Rs 1,612.5 crore in the same period last year In contrast, Bharti Airtel’s consolidated net profit was at Rs 2,068.2 crore for the previous quarter ending March 2024. The company’s …

After Reliance Jio, Bharti Airtel announces tariff hike for its prepaid and postpaid plans
8 months, 3 weeks ago

After Reliance Jio, Bharti Airtel announces tariff hike for its prepaid and postpaid plans

New Indian Express  

NEW DELHI: A day after Reliance Jio announced a tariff hike for its prepaid and postpaid plans, Bharti Airtel, India's second-largest telecom service provider, followed suit and announced a tariff hike of up to 21% for all its prepaid and postpaid plans. “Bharti Airtel has maintained that the mobile Average Revenue per User needs to be upwards of Rs. We …

Vodafone Idea shares jump 7.5% on global broking firm UBS upgrade
9 months, 3 weeks ago

Vodafone Idea shares jump 7.5% on global broking firm UBS upgrade

Business Standard  

A 'likely' relief on the government dues front for Vodafone Idea and expectations of telecom tariff hikes could drive the share prices up by 70-80 per cent, global broking firm UBS said in a report. "Assuming AGR dues are completely waived off, our DCF value could increase to Rs 24 per share, versus Rs 12 when there is no waiver. …

Rs 2,999 Airtel, Jio, Vi prepaid plans compared: Here's who offers better benefits
10 months ago

Rs 2,999 Airtel, Jio, Vi prepaid plans compared: Here's who offers better benefits

India TV News  

Users who prefer not to recharge their mobile connection every month can opt for annual plans offered by telecom companies. Reliance Jio Rs 2999 prepaid plan The Rs 2999 plan from Reliance Jio includes unlimited voice calling, 100 SMS/day, and 2.5GB of daily data. Vodafone Idea Rs 2999 prepaid plan The Rs 2999 plan from Vodafone Idea includes 850GB of …

Airtel arm Bharti Hexacom IPO possible in April, gets Sebi nod: Top things you need to know about the issue
1 year ago

Airtel arm Bharti Hexacom IPO possible in April, gets Sebi nod: Top things you need to know about the issue

Hindustan Times  

Bharti Hexacom, which is owned by telecom major Bharti Airtel, could likely bring its IPO in April first week, seeking valuation of over ₹28,000 crore, CNBC-TV18 reported. The IPO size could be around ₹4,300 crore, the report added after Bharti Hexacom received approval from the Securities and Exchange Board of India to go ahead with its IPO plans. Bharti Hexacom …

Vodafone Idea plans to raise ₹45,000 crore to match rivals Jio and Airtel
1 year ago

Vodafone Idea plans to raise ₹45,000 crore to match rivals Jio and Airtel

Hindustan Times  

Struggling telecom firm Vodafone Idea on Tuesday said its board has approved raising up to ₹20,000 crore in equity from promoters and other investors by June as it looks to shore up finances for much delayed 5G roll out and strengthening 4G services. The debt-laden firm, where the government also holds just over 33 per cent equity stake, plans to …

Airtel reports 54% growth in net profit to Rs 2,442 cr in Q3, ARPU rises by Rs 15
1 year, 1 month ago

Airtel reports 54% growth in net profit to Rs 2,442 cr in Q3, ARPU rises by Rs 15

New Indian Express  

NEW DELHI: Bharti Airtel, country’s second-largest telecom service provider, reported a 54% growth in its consolidated net profit to Rs 2,442 crore for the quarter ending December 31, 2023. Consolidated revenues for the third quarter stood at Rs 37,900 crore, growing 5.9% year-on-year. Airtel’s India revenues for the quarter stood at Rs 27,811 crore, reflecting an 11.4% YoY increase. Revenue …

Bharti Airtel Q2 profit declines on one-time charge
1 year, 4 months ago

Bharti Airtel Q2 profit declines on one-time charge

The Hindu  

Bharti Airtel on Tuesday reported a steep drop in second-quarter profit, hurt by a one-time charge, but its revenue rose as it added more 4G and 5G subscribers. The latest quarter’s results included a one-time charge of ₹13.50 billion as interest payable on an additional tax provision amount related to a Supreme Court ruling on variable licence fees. Airtel and …

Vodafone Idea pays Rs 1,701 crore as second annual spectrum instalment for 5G
1 year, 6 months ago

Vodafone Idea pays Rs 1,701 crore as second annual spectrum instalment for 5G

India TV News  

Vodafone Idea pays Rs 1,701 crore as second annual spectrum instalment for 5G Vodafone Idea experienced a loss of 4.5 million mobile subscribers, and falls to 221.4 million by the end of June 2023. Vodafone Idea, a known telecom company in India has made a significant payment of Rs 1,701 crore as the second annual spectrum instalment towards its 5G …

Bharti Airtel Q1: Net profit flat at ₹1,612 cr, ARPU improves to ₹200
1 year, 7 months ago

Bharti Airtel Q1: Net profit flat at ₹1,612 cr, ARPU improves to ₹200

Live Mint  

Bharti Airtel Q1 Results: Bharti Airtel announced its April-June quarter results for fiscal 2023-24 on August 3, reporting a net profit of ₹1,612 crore, which came nearly flat compared to ₹1,607 crore in the corresponding period last year. The average revenue per user per month, a crucial metric used by telecom companies to measure revenue generation, increased 9.28 per cent …

Bharati Airtel evaluating offshore bond issue; likely to raise up to $1 billion
1 year, 9 months ago

Bharati Airtel evaluating offshore bond issue; likely to raise up to $1 billion

Live Mint  

Telecom major Bharti Airtel is considering an offshore bond issue and is likely to raise up to $1 billion, two people aware of the matter told Economic Times. As per the report, this comes as the telecom giant plans to refinance high cost debt, strengthen its balance sheet and also cover some of its 5G capital expenditure requirements. Meanwhile, market …

Bharti Airtel Shares Fall Even After It Posts 92% Jump in Net Profit; Should you Buy?
2 years, 1 month ago

Bharti Airtel Shares Fall Even After It Posts 92% Jump in Net Profit; Should you Buy?

News 18  

Telecom major Bharti Airtel stock fell around 2 per cent in early deals after it announced its Q3 results, which missed analyst estimates. Bharti Airtel reported 92 per cent surge in consolidated net profit at Rs 1,588 crore for the quarter ended December 2022 as against Rs 830 crore in the same quarter of the previous year, helped by the …

Govt to become largest shareholder in Vi post conversion of AGR dues to equities
2 years, 1 month ago

Govt to become largest shareholder in Vi post conversion of AGR dues to equities

Live Mint  

The government has passed an order to convert adjusted gross revenue dues of telecom services provider, Vodafone Idea into equities for nearly ₹16,133.2 crore. Joshi added, "Classifying the proposed stake by the government as public shareholding, the regulator in its then order, had stated that the acquisition by the government is proposed with the sole intent of saving the larger …

Govt clears converting Rs 16,133 crore interest dues of Vodafone Idea into equity
2 years, 1 month ago

Govt clears converting Rs 16,133 crore interest dues of Vodafone Idea into equity

Deccan Chronicle  

NEW DELHI: The government cleared conversion of Rs 16,133 crore interest dues of debt-ridden Vodafone Idea into equity after receiving a firm commitment from Aditya Birla Group to run the company and bring necessary investment, telecom minister Ashwini Vaishnaw said on Friday. Throwing a lifeline to the troubled telco, the government has approved conversion of over Rs 16,133 crore interest …

Data | Vodafone out of ideas: With Airtel and Jio going strong, duopoly concerns emerge in telecom sector
2 years, 1 month ago

Data | Vodafone out of ideas: With Airtel and Jio going strong, duopoly concerns emerge in telecom sector

The Hindu  

The fate of India’s third-largest telecom, Vodafone-Idea, is hanging in the balance. Click to subscribe to our Data newsletter Apart from losing subscribers, Vodafone-Idea’s average revenue per user per month has also failed to keep pace with that of its rivals. Chart 3 shows the average revenue earned per user per month by private service providers in wireless services. The …

Bharti Telecom Looks To Raise Up To Rs 6,000 Crore Debt Via NCD Route: Report
2 years, 6 months ago

Bharti Telecom Looks To Raise Up To Rs 6,000 Crore Debt Via NCD Route: Report

ABP News  

Bharti Telecom, a key promoter firm of India’s one of the biggest telecom company Bharti Airtel, looks to raise up to Rs 6,000 crore of debt through non-convertible debentures to acquire the balance portion of the 3.33 per cent stake that Singapore Telecommunications will sell in the telecom firm, according to a report by The Economic Times on Tuesday. Singtel …

Bharti Telecom to buy 3.33 per cent Airtel stake from Singtel for Rs 12,895 crore
2 years, 6 months ago

Bharti Telecom to buy 3.33 per cent Airtel stake from Singtel for Rs 12,895 crore

India TV News  

Highlights The deal would amount for 2.25 billion Singapore dollars or about Rs 12,895 crore The acquisition is to be completed over a period of 90 days The development was confirmed by Bharti Airtel in a regulatory filing on Thursday Bharti Airtel promoter Bharti Telecom will buy a 3.33-per cent stake from Singtel for 2.25 billion Singapore dollars or about …

Airtel's Sunil Mittal hails Modi govt's efficiency in 5G spectrum allocation
2 years, 7 months ago

Airtel's Sunil Mittal hails Modi govt's efficiency in 5G spectrum allocation

Op India  

On Thursday, the Bharti Airtel founder and Chairman Sunil Bharti Mittal lauded the PM Modi led-government for ease of doing business after the company received an allocation letter for the designated 5G spectrum within hours of payment of the dues. Reports mention that the Department of Telecommunications has received an upfront payment of around Rs 17,876 crore from companies including …

Airtel gets spectrum allocation letter, Sunil Mittal hails ease of doing business
2 years, 7 months ago

Airtel gets spectrum allocation letter, Sunil Mittal hails ease of doing business

The Hindu  

Bharti Airtel received spectrum allocation letter within few hours of making upfront payment to the Department of Telecom, Bharti Enterprises founder and chairman Sunil Bharti Mittal said on Thursday. "Airtel paid ₹8,312.4 crore towards spectrum dues and was provided the allocation letter for the designated frequency bands within hours. The Department of Telecom has received payment of around ₹17,876 crore …

Airtel gets spectrum allocation letter, Sunil Mittal hails ease of doing business
2 years, 7 months ago

Airtel gets spectrum allocation letter, Sunil Mittal hails ease of doing business

India TV News  

Highlights Airtel receives spectrum allocation letter within few hours of making upfront payment Bharti Enterprises founder and chairman Sunil Bharti Mittal hailed ease of doing business This is the first time ever that DoT has handed out spectrum allocation letter Bharti Airtel received spectrum allocation letter within few hours of making upfront payment to the Department of Telecom, Bharti Enterprises …

Airtel pays 5G spectrum dues for 4 years in upfront
2 years, 7 months ago

Airtel pays 5G spectrum dues for 4 years in upfront

Hindustan Times  

Telecom operator Bharti Airtel on Wednesday said it has paid ₹8,312.4 crores to the Department of Telecom in upfront towards dues for spectrum acquired in the recently concluded 5G auctions. "The company believes that this upfront payment coupled with the moratorium on spectrum dues and AGR-related payments for four years will free up future cash flows and allow Airtel to …

Airtel pays Rs 8,312.4 cr to DoT to clear 4-yr instalment in advance for 5G spectrum
2 years, 7 months ago

Airtel pays Rs 8,312.4 cr to DoT to clear 4-yr instalment in advance for 5G spectrum

India TV News  

Highlights Telecom operator Bharti Airtel has paid Rs 8,312.4 crore to the Department of Telecom Payment was made towards dues for spectrum acquired in the recently concluded 5G auctions Airtel has paid four years of 2022 spectrum dues upfront Telecom operator Bharti Airtel has paid Rs 8,312.4 crore to the Department of Telecom towards dues for spectrum acquired in the …

Airtel to Launch 5G Services This Month, Cover Every Town by 2024: MD Vittal
2 years, 7 months ago

Airtel to Launch 5G Services This Month, Cover Every Town by 2024: MD Vittal

News 18  

New Delhi: Telecom operator Bharti Airtel will start rolling out 5G services this month and cover all towns and key rural areas of the country by March 2024, a senior company official said on Tuesday. Vittal said the company's capital expenditure will remain around the existing levels and played down the need for buying premium spectrum in the 700 megahertz …

Vodafone Idea defers Rs 8,837 cr AGR dues payment, gets option to pay interest via equity
2 years, 8 months ago

Vodafone Idea defers Rs 8,837 cr AGR dues payment, gets option to pay interest via equity

India TV News  

Highlights Debt-ridden telecom operator has decided to defer payment by a period of four years Amount of AGR related dues as stated in the said DoT Letter is Rs 8,837 crores Government calculates its share of revenue from telecom operators based on their AGR Debt-ridden telecom operator Vodafone Idea has decided to defer payment of additional adjusted gross revenues of …

Bharti Airtel Q4 profit zooms to Rs 2008 crore, announces Rs 3 dividend
2 years, 10 months ago

Bharti Airtel Q4 profit zooms to Rs 2008 crore, announces Rs 3 dividend

India TV News  

Bharti Airtel, India's second-largest telecom operator, has posted more than twofold year-on-year jump in its consolidated net profit for the March quarter to Rs 2,008 crore. "The net exceptional gain of Rs 9,062 million during the quarter ended March 31, 2022 comprises of gain on account of sale of telecom tower assets of Rs 7,593 million, gain on account of …

Bharti Airtel Q4 net profit zooms to ₹2,008 crore
2 years, 10 months ago

Bharti Airtel Q4 net profit zooms to ₹2,008 crore

The Hindu  

India's second largest telecom operator Bharti Airtel on Tuesday posted over two-fold jump in its consolidated net profit to ₹2,008 crore for the March quarter. Airtel's revenue from operations rose 22.3% to ₹31,500 crore during the fourth quarter of FY2021-22, from ₹25,747 crore in the corresponding period of the previous year. For the full year FY22, the Sunil Mittal-led telco …

Airtel to Acquire Vodafone's 4.7% Stake in Indus Towers if Funds Are Used for VIL
3 years ago

Airtel to Acquire Vodafone's 4.7% Stake in Indus Towers if Funds Are Used for VIL

News 18  

Telecom operator Bharti Airtel on Friday said it has signed an agreement to buy Vodafone's 4.7 per cent stake in Indus Towers on the condition that the proceeds will be used for investment in Vodafone Idea and clearing its dues towards the mobile tower company. "Bharti Airtel has…entered into an agreement with Vodafone to buy 4.7% equity interest in Indus …

Vodafone In Talks To Offload 5% Stake In Indus Towers To Bharti Airtel, Says Report
3 years ago

Vodafone In Talks To Offload 5% Stake In Indus Towers To Bharti Airtel, Says Report

ABP News  

New Delhi: UK’s telecom major Vodafone is in talks to sell 5 per cent stake in Indus Towers to Bharti Airtel, quoting sources, the PTI reported on Wednesday. Vodafone currently holds about 28 per cent in Indus Towers, India’s largest cell tower company. According to industry sources, Vodafone is in talks to sell its about 5 per cent stake in …

Airtel to spend Rs 1.17 lakh crore on various businesses with subsidiaries over a period of 5 years
3 years, 1 month ago

Airtel to spend Rs 1.17 lakh crore on various businesses with subsidiaries over a period of 5 years

India TV News  

Highlights Bharti Airtel has plans to spend about Rs 1.17 lakh crore through business transactions The company will hold an extraordinary general meeting of the members of the company on February 26 Bharti Airtel will spend Rs 88,000 crore in business with mobile tower company Indus Towers Telecom operator Bharti Airtel has plans to spend about Rs 1.17 lakh crore …

Vodafone Idea finds a new investor to rescue it: Indian gov’t
3 years, 2 months ago

Vodafone Idea finds a new investor to rescue it: Indian gov’t

Al Jazeera  

Vodafone Idea will convert into equity its past dues to the gov’t, giving the latter a nearly 36 percent stake in it. Indian telecom operator Vodafone Idea Ltd said its board has approved converting into equity its past dues to the government, giving it a nearly 36 percent stake in the country’s third largest telecom operator. Following the conversion into …

Bharti Airtel hikes prepaid tariff by up to 25%
3 years, 3 months ago

Bharti Airtel hikes prepaid tariff by up to 25%

The Hindu  

Bharti Airtel on Monday announced it was raising prepaid tariffs by up to 25% with effect from November 26, reasoning that the move had been necessitated by the need to increase mobile revenues so as to safeguard the business's financial health. “Bharti Airtel has always maintained that the mobile Average Revenue Per User needs to be at ₹200 and ultimately …

Vodafone Idea surges by 20% after government floats relief package
3 years, 6 months ago

Vodafone Idea surges by 20% after government floats relief package

The Hindu  

Shares of Vodafone Idea Limited surged by nearly 20% on Thursday while banks with exposure to the embattled telecom firm also climbed, a day after India’s federal cabinet approved a relief package for the cash-strapped sector. The relief package includes a four-year moratorium on airwaves payments due to the government raising the tenure of airwaves held by firms to 30 …

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