Thus far in the calendar year 2023, Bharti Airtel has tumbled 9%, as compared to 6% decline in the S&P BSE Sensex and 13% fall in Reliance Industries' shares
All postpaid customers, and prepaid ones with a data plan of Rs 239 and above will be able to avail the offer; The move follows Jio's new set of postpaid family plans, Jio Plus, at Rs 399 a month
Discontinuation of the Rs 99 minimum recharge plan expected to raise mobile biz revenue by 1.5%
Powered by reliable Airtel network infrastructure, the 5G Plus services will provide superfast access to high-definition video streaming, gaming, multiple chatting, instant photo uploading and more
Airtel reported an ARPU of Rs 193 in Q3, FY23 with the widening of its 4G customer base
Shares of Bharti Airtel may plunged up to 7 per cent on breaking 200-DMA, while Paytm shares need to holds above its 200-DMA to upheld the positive stance.
"ARPU needs to go up. ARPU of Rs 300 will be critical and we hope it will happen in due course," Vittal said
Airtel continues to report a healthy performance on Indian wireless business front with resilient and industry leading KPIs in terms of India post-paid/4G subscribers, ARPUs and margins.
Revenue growth, 4G customer addition power strong result
Telecom operator Bharti Airtel has increased its direct stake in Indus Towers by acquiring 23.01 per cent shares held by its completely owned subsidiary Nettle Infrastructure, a regulatory filing said on Saturday. Bharti Airtel now holds 47.95 per cent stake in Indus Towers. The telecom operator earlier directly held 24.94 per cent stake and 23.01 per cent through its subsidiary Nettle Infrastructure. Bharti Airtel has acquired the 23.01 per cent stake of Indus Towers from Nettle to directly own 47.95 per cent in the mobile tower firm. This is pursuant to the "composite scheme of amalgamation approved by the Hon'ble National Company Law Tribunal, Chandigarh bench, vide its order dated January 25, 2023 and becoming effective from February 1, 2023", the filing said.
The Budget has put more money in the hands of the people through relief from Income Tax, which is a very positive step, analysts said
Airtel started raising the entry-level tariff from Rs 99 to Rs 155 on November 21 in Odisha and Haryana
Stocks to Watch: Adani Enterprises FPO and Earthstahl & Alloys IPO opens for subscription on Friday. Shares of Adani Group companies also likely to be in focus amid the Hindenburg controversy.
Stocks to Watch: Bajaj Auto, Cipla, Dr.Reddy's, Tata Elxsi and Tata Motors are some of the prominent companies to announce Q3 results on Wednesday.
Higher-than-expected capex, delayed price repair and a lack of 5G monetization should halt the industry wide ROIC repair that the brokerage firm now expects to decline/flat-line over FY23-25.
Stocks to Watch: KFin Technologies to debut on the bourses today. The stock is likely to list on a tepid note.
Fewer people upgrading to 5G handsets, says top executive
Telecom operator Bharti Airtel has plans to invest Rs 27,000-28,000 crore in telecom network with a focus on 5G rollout, a company official said on Wednesday. While the company is planning to increase capital expenditure by 10-15 per cent, it has no plans to charge a premium rate for 5G services as it has not worked in several countries that tried to do so. "Airtel capex will be in line with that spent in the last three years. It may go up and down because of the faster rollout of 5G-- around Rs 27,000-28,000 crore. We may see an upsurge in one year and gradually moderate around the same level," the official, who did not wish to be named, told PTI. The company earlier had an annual average capex in the range of Rs 24,000-25,000 crore. The official said that capex is being largely spent on radios (mobile antennas), fibre, broadband, enterprise technology data centres etc. According to data shared by the telecom ministry, Bharti Airtel has rolled out 3,293 base stations for 5G till .
Poor quality unacceptable at a time when India is adopting 5G technology: Companies are told
Stocks to Watch Today: Dabur India promoters, the Burman family, sold 1 per cent stake in the company through a block deal on Tuesday.