Sunil Mittal

SIM consolidation to normalise over 2 quarters: Airtel MD & CEO Vittal

Incumbent CEO Vittal to take up some roles of Bharti Enterprise Chairman Sunil Mittal

Satellite 'magic bullet', offers chance to cover areas left out: Mittal

Satellite communications is a "magic bullet" to cover dark unconnected areas, Bharti Chairman Sunil Mittal said on Monday, adding that players now have a great new opportunity to leverage satellite connectivity to cover remote areas that have so far been left out. Speaking at the NDTV World Summit, Mittal said that nearly two billion people in the world are still not connected to the internet, and in the Indian context too there are areas -- large swathes of desert, forests, coastlines -- where neither mobile networks, not fibre is feasible. "For those areas you need satellite communications, and that, to my mind, offers now a great source of new opportunities for us, mobile operators, or telecom operators, to put that in a mix and start to cover areas which are still left behind," Mittal said. About five per cent of India's population sans internet connectivity lives in 25 per cent of the area, he said, emphasising that satellite is the only solution for them. "India provides a ve

Centre rejects satellite spectrum auction; Elon Musk says much appreciated

Earlier, Elon Musk had criticised Mukesh Ambani's auction proposal for satellite services as "unprecedented", while advocating for a direct licensing method of allocation

IMC 2024: Satcom takes centre stage as Sunil Mittal says 'buy spectrum'

No auction of satellite spectrum: Telecom minister

Had been tracking BT for 4-5 years, deal made in 2 weeks: Shravin Mittal

He tells that his investment firm unbound will soon become a billion dollar venture

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

As Ambani eyes Africa with new telecom venture, should Airtel be worried?

Reliance Industries Ltd, through its subsidiary, is set to offer cutting-edge 5G shared network infrastructure solutions in Africa in collaboration with a local company supported by Ghana

BofA upgrades Voda Idea stk; telcos may up tariff by 20-25% post LS polls

However, the Vodafone Idea stock is not a 'buy' yet as BofA awaits further clarity on funding position improvement post fiscal 2025- 26 (FY26) as the spectrum moratorium ends

Bharti Hexacom set to start trading after country's biggest IPO in a year

Bharti Hexacon's IPO is the country's largest since Mankind Pharma Ltd. raised Rs 4,330 crore a year ago

OneWeb sets sights on defence, governance for satellite broadband expansion

One Web can leverage on the fact that it has already rolled out services in parts of Europe, US and Africa and is in talks with at least 2 airline companies in Europe to offer the service inflight

Bharti Telecom buys 1.35% stake in Bharti Airtel for Rs 8,301 crore

Bharti Telecom on Friday bought a 1.35 per cent stake in telecom provider Bharti Airtel for Rs 8,301 crore through an open market transaction. Bharti Telecom is the largest promoter of Bharti Airtel Ltd with a 38.35 per cent stake as of September 30. According to the block deal data available with the National Stock Exchange (NSE), Bharti Telecom purchased more than 8.11 crore shares, amounting to a 1.35 per cent stake in Bharti Airtel. The shares were acquired at an average price of Rs 1,023 apiece, taking the aggregate transaction value to Rs 8,301.73 crore. Meanwhile, another promoter group firm Indian Continent Investment Ltd offloaded the same number of shares of Bharti Airtel at the same price. At the end of the September quarter, Bharti Telecom owned a 38.35 per cent stake while Indian Continent Investment Ltd had a 5.93 per cent stake in Bharti Airtel, shareholding data pattern showed with the bourse. On Friday, shares of Bharti Airtel fell 0.27 per cent to close at Rs 1,

Bharti Telecom plans its biggest-ever rupee bonds worth Rs 8,000 cr

The issuance is also Bharti's first in the onshore market in almost a year. It raised Rs 3,200 crore through three-year notes in December last year

Lack of real-life use cases preventing major telcos from charging for 5G

Telcos are looking for services that fully leverage 5G tech. In the absence of such services, the telcos have no option but to offer 5G services at 4G rates

Sunil Mittal's Airtel Uganda IPO failed to sell as investors prefer bonds

The demand for Ugandan government bonds maturing in 2033 exceeded the amount on sale by eight fold in an auction on Thursday

African Union's inclusion in G20 is historic and long overdue: Sunil Mittal

The intent is clear and these are the bold enablers to reach the final destination. After all, it took decades for the European Union to take its shape and be in its current form

Defining milestone: Sunil Mittal on African Union joining G20 as member

As the African Union joined the G20 on Saturday, Sunil Mittal, Founder and Chairman of Bharti Enterprises said the day will be remembered as a "defining milestone" towards charting more inclusive compositions across international organisations and their bodies. Mittal congratulated Prime Minister Narendra Modi "for successfully leading the inclusion of the African Union as a permanent member of the G20". "My hearty congratulations to PM Narendra Modi for successfully leading the inclusion of the African Union as a permanent member of the G20. As this announcement finds its way from New Delhi to the world, I am certain that this day will be remembered as a defining milestone towards charting more inclusive compositions across international organisations and their bodies," Mittal said in a statement. Mittal added he has personally witnessed the government's "uncompromising focus" on this inclusion through his engagement as Chair of the B20 Action Council on African Economic ...

Sunil Mittal's Airtel plans Uganda's biggest IPO to raise $216 million

The offer opens on Wednesday and closes on Oct. 13, according to a prospectus released in the capital, Kampala, on Tuesday. The company will start trading on the exchange on Oct. 31

ARPU: What is average revenue per user, and how is it calculated?

ARPU is an important indicator of a telecom company's business health. Here is what it means

I think animal spirits are already out in India Inc, says Sunil Mittal

'If you want to put out 5G fast, we need access to V and E bands'

Tim Cook, Sunil Mittal reaffirm commitment to work closely in India, Africa

Apple CEO Tim Cook met Bharti Group founder and chairman Sunil Mittal and both of them reaffirmed commitment to work more closely in the India and Africa market, Bharti Group said on Friday. Apple has opened its first two official stores in India during the week. "Tim Cook and Sunil Bharti Mittal had an hour-long meeting this morning. While expressing their satisfaction on the ongoing long relationship that Apple and Airtel have had, (they) reaffirmed their commitment to work more closely in the Indian and African market," Bharti Group said in a statement Apple has completed 25 years of operation in India. Cook on April 18 inaugurated the first Apple Store in Mumbai and second in Delhi on April 20.