Bharti Airtel Telecom

Stocks to watch, July 18: Infosys, RIL, Vi, LTIM, Asian Paints, Paytm

Domestically, foreign institutional investors were net buyers on July 16, acquiring shares worth Rs 1,271.45 crore, whereas domestic institutional investors sold shares worth Rs 529.48 crore.

Crony capitalism thriving under Modi: Congress on Jio, Airtel tariff hikes

Congress leader Randeep Singh Surjewala questioned the Centre's intent, asking how the companies were unilaterally allowed to increase the rates without any oversight and regulation

RIL, Blue Dart, India Oil, Vi among six stocks to track on June 20

At 6:35 AM, GIFT Nifty futures indicated a slight uptick, trading 21 points higher at 23,525 compared to their previous close

Modi 3.0: Telcos seek roadmap for India's global digital dominance

Industry body DIPA has pledged its support to India's digital and telecom transformation under the new government and sought a clear roadmap that would cement the country's lead in digital infrastructure. Digital Infrastructure Providers Association (DIPA) said the industry is eager to collaborate with the government and contribute its expertise to drive the country's digital transformation further. "Revolutionary policies like Digital India, Gati Shakti, and PM WiFi Access Network have enabled widespread adoption of digital infrastructure, empowering individuals and businesses across sectors, from small vegetable vendors to grocery stores," Tilak Raj Dua, Director General of DIPA said. The telecom industry in India has undergone transformative reforms over the past few years under Prime Minister Narendra Modi's leadership, he said expressing confidence that the new government "will build upon this momentum, ensuring the seamless implementation and sustained success of these landmar

Airtel to offer cloud and Gen-AI solutions with Google Cloud in India

The two companies are targeting the large and growing Indian public cloud services market, which is expected to reach $17.8 billion by 2027, according to IDC

Bharti Airtel's Africa unit posts loss of Rs 760 crore in March quarter

Bharti Airtel's Africa unit, Airtel Africa, has posted a loss of USD 91 million, about Rs 760 crore, in the fourth quarter ended March 2024 on account of tax impact and forex loss, the company said on Thursday. Airtel Africa had posted a consolidated profit of USD 227 million in the same period a year ago. The consolidated revenue of the company, which operates in 14 African countries, declined by 16.6 per cent to USD 1,118 million during the reported quarter from USD 1,341 million in the March 2023 quarter. The revenue was, however, up 23.1 per cent on a constant currency basis. For the year ended on March 31, 2024, Airtel Africa posted a loss of USD 89 million while the company registered a profit of USD 750 million. "Loss after tax of USD 89 million during the year ended 31 March 2024 was primarily impacted by the USD 549 million net of tax impact of the exceptional derivative and foreign exchange losses. Excluding these exceptional items, profit after tax for the year ended 31

Airtel launches international roaming packs starting at Rs 133 per day

Telecom giant Bharti Airtel on Tuesday unveiled affordable international roaming packs for customers with tariffs starting at Rs 133 per day. The new range of packs covers 184 countries and offers enhanced data benefits, in-flight connectivity and 24x7 contact centre support, according to a company statement. Customers travelling to these 184 countries no longer need to subscribe to multiple packs for various travel destinations, Airtel said, adding that they will now have the convenience of choosing the duration of travel and enjoying seamless connectivity anywhere in the world through one single pack. "The packs offer greater value with enhanced benefits that are economical when compared to local in-country sims across many countries," Amit Tripathi, Director - Customer Experience and Marketing at Bharti Airtel, said.

Bharti Airtel to merge Sri Lanka ops with Dialog Axiata in equity swap deal

Telecom operator Bharti Airtel will merge its Sri Lanka operations with Dialog Axiata in an equity swap deal, a joint statement said on Thursday. Airtel Lanka's turnover in financial year 2023 was Rs 294 crore and it contributed 0.21 per cent to Bharti Airtel's overall business. "Dialog Axiata PLC , Axiata Group Berhad (Axiata) and Bharti Airtel Limited signed a definitive agreement to combine their operations in Sri Lanka," the statement said. Under the agreement, Sri Lanka-based telecom operator Dialog will acquire 100 per cent of the issued shares in Airtel Lanka, in consideration of which Dialog will issue to Bharti Airtel, ordinary voting shares which will amount to 10.355 per cent of the total issued shares of Dialog by way of a share swap, it said. Airtel Sri Lanka commenced commercial operations in Sri Lanka in 2009. "The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has granted its approval for the proposed merger, underscoring its vision to advance the ..

Stock of this recently listed IPO has zoomed 72% over issue price in 4 days

The strong demand for Bharti Hexacom stock is seen following a robust response to the company's Rs 4,275-crore IPO, which was subscribed nearly 30 times.

Bharti Airtel Q2 results: Net profit slips 37.5% over one-time charges

Misses estimates for both earnings and revenue; Arpu on the rise

Reliance Jio takes contrarian call on 5G services, not to raise tariff

Not to raise tariff; focus not only on mobility but also on connecting India's over 330 million households with broadband based on 5G last-mile connectivity

Starlink to get licence to offer satellite internet by next month

After getting the license, Starlink will become eligible for spectrum allocation, after which it can start providing satellite broadband services

Bharti Airtel prepays Rs 8,024 crore of deferred spectrum liabilities

They are separate from Adjusted Gross Revenue (AGR) liabilities which are the usage and licensing fees that telecom operators are charged by the government

Made in India Tesla for Rs 20L? Company in talks with govt to set up plant

Tesla already has a substantial presence in China, and now, the company is looking at India as an export base to supply cars to other markets in the Indo-Pacific region

Starlink a step closer to launching its satellite-based internet in India

As Starlink goes ahead with its plan, it will have rivals like Bharti Group company OneWeb, Amazon, and Reliance Jio's satcom waiting for it

Airtel to merge Sri Lanka ops with Dialog to make nation's largest telco

Merging operations with Dialog is expected to give Airtel access to a larger user base in island nation

5G rollout: Citing economic viability, telcos seek tax cuts from govt

Reliance Jio and Bharti Airtel are going neck-to-neck in rolling out 5G services. Currently, they offer 5G services in around 500 cities and towns in the country

Airtel completes country's first 5G private network trial at Bosch unit

Trial comes ahead of a 5G spectrum auction this month and amid a battle among telecom and IT companies on spectrum allotment for private networks

Airtel buys 7% in cloud networking startup Cnergee Tech for undisclosed sum

Airtel has bought the stake at mutually agreed pre-money enterprise valuation but did not disclose the valuation due to reasons of confidentiality

Select telecom stocks testing key supports; MTNL may soar 20%, charts show

The BSE Telecom index is likely to gain up to 3.50 per cent, as the index firmly holds the support around the 100-DMA, shows chart.