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.
Consistent rise in mobile business, subscriber gains to help the two telcos
In the last two rounds of tariff hikes, Vodafone Idea (Vi) in December 2019 and Bharti (Dec 2021) took the lead, while R-Jio was the last one to raise tariffs
Reliance Jio and Airtel have hiked tariffs by 10% to 25% following a subdued response to the recent government spectrum auction
Notably, the stock is among the top gainers on Bombay Stock Exchange (BSE)
Amid reports of buying UK-based Vodafone Group's 21 per cent stake in Indus Towers, Airtel affirmed that it is not in any such talks
Post the transaction, SingTel will hold an effective stake of 29 per cent in Airtel, which would be valued at around S$33 billion
The lowest postpaid plan at Rs 195 offers 250 MB data plan, 100 minutes of outgoing calls, 100 SMS and is valid for a period of 24 hours, Airtel said
Finnish telecom gear maker Nokia has bagged a pan-India deal from Bharti Airtel Ltd to deploy a next-generation optical transport network that will enhance the telecom firm's bandwidth multifold. According to sources aware of the deal, the data transmission capacity of a core network layer of Bharti Airtel that sends data from one city to another will double and its optical fibre network capacity to transmit data will grow up to four times from the current capacity. "As part of the agreement, Airtel will utilize Nokia's 1830 PSS-x OTN switches in its National Long-Distance Network connecting major cities across India," Nokia said in a statement. The technology will help the Airtel network from disruption caused by optical fibre cable damage as the transport layer will reroute the traffic through other cable links. "The launch of 5G networks and the push for broadband connectivity across India is increasing demands for Communications Service Providers (CSPs), including augmentation
Vodafone Idea has found it difficult to raise funds in the past two years which has hurt its ability to expand its 4G network and begin the 5G rollout
Airtel launches Xstream AirFiber services, a 5G wireless Wi-Fi plan that will offer fast internet access with a network for up to 64 devices even in rural areas
The telco had been trying to pull up its average monthly revenue per user by raising tariffs and targeting high-end customers
A company executive said OneWeb's satellite broadband services can begin in India as soon as spectrum in the Ka/Ku bands is allotted
Currently, the 6GHz band is used by the Indian Space Research Organisation to conduct satellite operations
This was the second launch by Isro for OneWeb, a UK-based company supported by the UK govt, SoftBank, and India's Bharti Enterprises
Airtel is offering its "exclusive" Airtel Black postpaid service, which brings DTH, broadband, landline, and cellular services under one umbrella
Here's how leading brokerages have interpreted Bharti Airtel's September 2022 quarter (Q2FY23) numbers
Airtel Digital, which operates the firm's music and streaming video business, has 189 million monthly active users
Standalone architecture is a superior quality network with a lot more capabilities that can be developed
Telco had acquired 19,867 MHz of spectrum in various bands worth Rs 43,084 crore in recent 5G auction