Page 3 - Bharti Airtel Ltd News

Bharti Airtel is 4th company in India to hit a market cap of Rs 10 trillion

Airtel now 5th most valuable telecom operator globally valued at $118.3 billion

Bharti Airtel becomes 4th listed company to cross Rs 10 trillion market cap

The combined market cap of Bharti Airtel (Rs 9.52 trillion) and Bharti Airtel's partly paid shares (Rs 49,526 crore) touched Rs 10.02 trillion in intra-day trade on Thursday.

Bharti Airtel to invest $1 billion in 4G gear from Ericsson, Nokia, Samsung

The contracts will address 300,000 new 4G base stations, with Ericsson, Nokia, and Samsung supplying about 50 per cent, 45 per cent, and 5 per cent of the equipment, respectively, over three years

Airtel signs pact with Italian telco to expand capacity in submarine cable

The Blue-Raman submarine cable system will connect India to Europe

Airtel expands network capacity with Blue-Raman submarine cable: What is it

Airtel Business and Italy-based Sparkle have partnered to increase data capacity on the Blue-Raman undersea cable linking India and Italy. Blue-Raman is an intercontinental communications cable system

Airtel Business inks pact with Sparkle to enhance connectivity with Europe

Airtel Business, the B2B arm of telecom major Bharti Airtel, has inked a pact with Italy-based global operator Sparkle to enhance connectivity between Asia and Europe. As part of the partnership, Airtel will take capacity from Sparkle on the Blue-Raman Submarine Cable Systems, which will connect India to Italy. Under Sparkle's Blue-Raman cable system, Blue is deployed across Italy, France, Greece and Israel, while Raman connects Jordan, Saudi Arabia, Djibouti, Oman and India. "With this additional capacity, Airtel will further diversify its global network across multiple international submarine cable systems to serve the growing demand for data services in India and neighbouring countries," a company statement said. The partnership will also work on the development of new business opportunities and projects in the Indian sub-continent, leveraging Airtel and Sparkle's respective cable infrastructures, the statement said. Airtel Business Global Business CEO Vani Venkatesh said the .

Bharti Airtel stock hits 52-week high after expanding Wi-Fi services to J&K

Shares of Bharti Airtel, one of the leading telecommunications company of India rose as much as 2.02 per cent to record its 52-week high on NSE at Rs 1,577.80 per share on Thursday's intraday trade

It's a marathon, both sides will benefit: Airtel Africa Foundation chief

Airtel Africa Foundation starts AI fellowship at IIT's first overseas campus

Bharti Airtel's valuations to sustain on market share & cash flow gains

Given these triggers, brokerages believe that premium valuations for the stock are justified

Airtel Finance offers FD service, partners with NBFCs, small finance banks

Bharti Airtel on Monday announced the launch of a fixed deposits marketplace under its digital arm Airtel Finance, backed by partnerships with leading NBFCs and small finance banks. The marketplace enables Airtel Finance to provide an assured return and fixed-income investment option on the digital platform that is built on top of Airtel's Thanks App framework, according to a release. "Bharti Airtel today announced the launch of a fixed deposits marketplace under its digital arm, Airtel Finance. These fixed deposits come at an attractive interest rate of up to 9.1 per cent per annum," it said. Airtel Finance has offered the fixed deposit service through partnerships with multiple small finance banks and NBFCs including Utkarsh Small Finance Bank, Shivalik Bank, Suryoday Small Finance Bank and Shriram Finance. This will help customers lock in assured returns at high rates of interest. Anshul Kheterpal, Chief Business Officer, Airtel Finance said, "We have partnered with the best ban

Airtel deploys more spectrum in Rajasthan to boost 5G, 4G network capacity

Telecom operator Bharti Airtel on Wednesday said it has deployed more spectrum across all 50 districts in Rajasthan, boosting 5G/4G network capacities to spruce up voice and data connectivity for subscribers in the state. The deployment will also widen Airtel coverage along highways and rail routes and increase its footprint in rural areas amid an exponential rise in the demand for connectivity. An Airtel release said the company has completed the deployment of the additional spectrum it acquired in July 2024. The additional spectrum has been deployed across all 50 districts in the state. "The deployment of additional 5MHz on the 1800 band and additional 4Mhz on the 900 band will give a boost to Airtel's 5G/4G network capacities, which, in turn, will improve and enhance data speeds and provide significantly better coverage inside homes and buildings both in urban and rural areas," the release said. Subscribers across Jaipur, Udaipur, Jodhpur, Kota, Bikaner, Ajmer, Bhilwara, Alwar,

Eight-day rally takes Airtel's m-cap over Rs 9.5 trn; stock hits new high

Shares of Bharti Airtel are quoting higher for the eighth straight trading day, having rallied 11 per cent during the period, and taking the company's market capitalisation to over Rs 9.5 trillion.

Jio's network cost per tower less than Airtel's but gap shrinking: Analysts

Bharti Airtel's energy costs per tower reduced at a faster pace in FY24 bringing it closer to Jio's

Indus Towers to become Bharti Airtel subsidiary after share buyback

The board of Indus Towers has approved the buyback of 56.7 million shares. giving Airtel a 50.05 percent

Bharti Airtel to shut down Wynk Music app, absorb all employees: Report

Bharti Airtel will exit from music vertical and shut down its Wynk Music app, according to sources. The company will absorb all Wynk Music employees. "Airtel is planning to close Wynk Music in the next couple of months. It will absorb all the employees into the company," a source told PTI. When contacted, an Airtel spokesperson confirmed the development. "We can confirm that we will sunset Wynk Music and all Wynk music employees will be absorbed within the Airtel ecosystem. Airtel users will have access to Apple Music. Additionally, Wynk Premium users will receive exclusive offers from Airtel for Apple," the spokesperson said. The company has entered into an agreement with Apple to provide access to Apple Music with special offers to its customers who use iPhone.

Airtel, SBI Life receive tax demand notice from GST appellate authority

The Goods and Service Tax Appellate Authority has ordered Bharti Airtel to pay Rs 194 crore GST on licence fees and spectrum usage charges demanded by the Department of Telecom, a regulatory filing said on Thursday. The matter pertains to the demand for Goods and Service Tax (GST) of Rs 604.66 crore by the GST Department under the reverse charge mechanism on license fee (LF) and spectrum usage charges (SUC) basis the demand note issued by the Department of Telecommunications. The company had filed an appeal against the order. "On an appeal filed by the Company to Commissioner (Appeals), Central Goods and Service Tax Appellate Authority, Delhi, the Appellate Authority has passed an appeal order reducing the said demand to Rs 194 crore," the company said. The order was received by the company on August 21, and it is assessing the impact of the appeal order and shall take appropriate action.

No intention of a takeover; not asked for board seats: Sunil Bharti Mittal

Says waiting for signal from DoT to start Oneweb in India

Significant milestone, says Sunil Mittal after buying stake in BT Group

The BT Group on Monday said Bharti Global's acquisition of a significant stake in the British telecom major is a "great vote of confidence" in the future of the company and its strategy. Bharti Global, the international investment arm of Bharti Enterprises, announced an agreement to acquire about 24.5 per cent in BT Group from Altice UK. Chairman Sunil Bharti Mittal described the investment in the "iconic" British company as a "significant milestone" for Bharti Enterprises. "We welcome investors who recognise the long-term value of our business, and this scale of investment from Bharti Global is a great vote of confidence in the future of BT Group and our strategy," said Allison Kirkby, Chief Executive of the BT Group. "BT has enjoyed a long association with Bharti Enterprises, and I'm pleased that they share our ambition and vision for the future of our business. They have a strong track record of success in the sector, and I look forward to ongoing and positive engagement with th

Bharti Airtel's 5G user base rose to 90 million at Q1-end: MD Gopal Vittal

Vittal said early signs of industry wide tariff hikes are encouraging, Rs 300 ARPU needed

Bharti Airtel Q1 FY25 results: Profit rises 158% on new 4G, 5G users

Continued growth in WiFi category helped Q1 gains; Arpu rises to Rs 211