With only "two-and-a-half players" left in the highly competitive domestic telecom sector, the future of battle hardened Bharti Airtel looks good now, its Chairman Sunil Mittal said on Thursday
Airtel broadband went down for users in Delhi-NCR, Mumbai, Bengaluru, Hyderabad, Jaipur, and other cities
Telecom company Bharti Airtel will acquire a 4.7 per cent stake in Indus Towers from Vodafone Group for about Rs 2,388 crore, according to a company filing
Several Airtel users on Twitter complained that both their mobile data and broadband connection stopped working
Speaking at the Bloomberg New Economy Forum in Singapore, Mittal said he would fly back to Delhi that is "covered in smog."
The company had posted a consolidated net profit of Rs 759.2 crore in the March quarter of FY21 (Q4FY21), while it had incurred a loss of Rs 15,933 crore in the year-ago period
Shares of the country's second-largest telecom operator fell as much as 2.3% to Rs 537.25 in morning trade and were set for a fifth straight session of losses
Airtel recently demonstrated a live 5G over a commercial network in Hyderabad city and said that its network is 5G ready
As per media reports, Vodafone Idea is considering increasing tariffs 15-20% by the end of the year or early next year
Bharti Airtel's India business, monthly ARPU, an important matrix to gauge the telco's performance, rose to Rs 162 from Rs 128 a year ago and Rs 157 in the June 2020 quarter.
At 09:15 am; around 155.71 million equity shares representing 2.85 per cent of total equity of Bharti Airtel changed hands on the BSE, the exchange data show.
The company has stressed balance sheet reeling under debt of Rs 1.14 trillion with liability to clear statutory dues of around 35,500 crore
In December 2019, both Bharti Airtel and Vodafone Idea raised tariffs by around 15-47 per cent across packs, which is likely to translate into FY21 revenue and Ebitda upgrade
The trading volumes on the counter jumped 6-fold with a combined 68 million equity shares representing 1.3 per cent of total equity of the company changing hands on the NSE and BSE.
The ratings continue to remain under watch with negative, ICRA said in a statement
According to a CNBC-TV 18 report, the committee of secretaries is mulling setting a minimum price for mobile calls and data.
This is a strategic move by Airtel to tap into the 18-million broadband-connected homes in the country.
In the same quarter, Reliance Jio became the country's largest telecom operator with a subscriber base of 33.13 crore
Investments for Jio complete, Airtel towards lower capex spend, Voda Idea capex slows
The deal was made official in July this year when Bharti Airtel and Bharti Hexacom announced the merger of the consumer mobile businesses of TTSL and TTML with the two Bharti group firms