Page 4 - Airtel

Airtel prepays Rs 8,815 cr of spectrum dues to reduce interest expenses

This is the second such prepayment by Airtel in the last three months and comes on the back of strong cash flow generation, equity infusion and borrowing at significantly lower interest rates

Airtel prepays Rs 8,815 cr towards deferred liabilities for 2015 spectrum

Telecom operator Bharti Airtel on Friday said it has paid Rs 8,815 crore to the government towards part prepayment of deferred liabilities pertaining to spectrum acquired in the 2015 auction. The prepayment is for instalments due in FY2027 and FY2028, the Sunil Mittal-led telco said in a statement. "Airtel prepays Rs 8,815 crore to clear deferred liabilities for spectrum acquired in 2015," the company said. Over the last four months, Airtel has cleared Rs 24,334 crore of its deferred spectrum liabilities ahead of schedule. These liabilities carried an interest rate of 10 per cent and have been paid off through a combination of free cash generated by the business, equity proceeds, and significantly lower cost debt of a similar tenor. Airtel said it continues to focus on financial flexibility via its capital structure, including optimising the cost of financing and capitalising on all opportunities of significant interest saves, like the latest prepayment.

Airtel demos 5G scope; recreates Kapil Dev's 1983 World Cup innings

Airtel demos 5G scope; recreates Kapil Dev's 1983 World Cup innings

Fintech Ezetap looks to hike revenue 5-fold to Rs 750 crore by 2024

The company provides software for financial technologies, including point of sales solutions, billing, loyalty solutions etc and sells solutions directly to enterprises like Amazon, Flipkart, Airtel

Airtel acquires strategic stake in blockchain technology startup Aqilliz

Telecom major Bharti Airtel on Thursday announced that it has acquired a strategic stake in Aqilliz, a 'Blockchain as a Service Company'.

Airtel CEO bats for giving out E-band backhaul spectrum with 5G frequencies

Bharti Airtel CEO Gopal Vittal on Wednesday made a strong pitch for giving out E-band backhaul spectrum with 5G radiowaves

Metaverse to push data usage by 20X in 10 yrs; Jio, Airtel to gain: Report

The transition of digital ecosystem to metaverse, will push data usage by 20 times across globe by 2032 and telecom operators Bharti Airtel and Reliance Jio are suitably placed to benefit from surg

Airtel says network outage was for 5 mins; fully restored in 10 mins

Several Airtel users on Twitter complained that both their mobile data and broadband connection stopped working

Airtel internet services suffer outage, firm says 'technical glitch'

While 50 per cent users reported facing total blackout, 34 per cent had problems with mobile Internet and 16 per cent had no signal, according to Downdetector.

Airtel Q3 results: Net profit falls 3% to Rs 830 cr, revenue rises 13%

'The recent tariff revision for mobile services has gone down well and we are exiting the quarter with an industry leading ARPU of Rs 163,' says CEO Gopal Vittal

Google to invest $1 bn in Bharti Airtel, to buy 1.28% stake for $700 mn

Google will set aside $300 million for potential investment in areas like smart phone access, networks, and cloud

Airtel commissions 21-MW solar power unit in Maharashtra

The company expects the solar-powered unit to reduce 25,517 tonnes in carbon emissions annually

Airtel board to decide on fund raising via preferential route on Friday

The plan comes ahead of proposed 5G spectrum auction and is the second such exercise in three months. Last October the firm raised about Rs 21,000 cr via a rights issue

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Vodafone Idea lives to see new day, ending Jio-Airtel duopoly fears

With no duopoly, Airtel and Jio will now concentrate on improving their bottom lines rather than playing the pricing game to target Vi customers or ensure its demise

Airtel Payments Bank, Park+ tie up to offer FASTag-based parking solutions

Airtel Payments Bank on Thursday announced a collaboration with Park+ to offer FASTag-based smart parking solutions to marquee commercial and residential properties across the country. The partnership aims to leverage the distribution reach and digital payments stack of Airtel Payments Bank to digitise the parking ecosystem using FASTag associated with the vehicle, the company said in a statement. Park+ operates in the area of automating parking spaces through FASTag and the majority of parking FASTag transactions in India are currently being processed through Park+ systems. Park+ will offer its full suite of FASTag services including issuance, acquiring, recharge, and technology support to Airtel Payments Bank. Airtel Payments Bank is among the top five issuers of FASTag in the country, the statement said adding that customers can purchase a FASTag in a matter of a few clicks from the banking section of the Airtel 'Thanks App'. Park+ access control systems are installed at more t

Airtel Business, IBM deploy cloud solution for group of milk producer cos

These five large MPCs include Paayas in Rajasthan, Maahi in Gujarat, Shreeja in Andhra Pradesh, Baani in Punjab, and Saahaj in Uttar Pradesh

Airtel Business, IBM deploy hybrid cloud solution for milk companies

The technology will enable the firms to strengthen support to farmers and securely record and access key information.

Jio adds 1.76 mn customers in Oct; Airtel's customer base shrinks

Vodafone Idea continues its losing streak and shed 964,245 subscribers, says Trai data

Airtel, Capgemini to develop India-specific enterprise 5G solutions

Bharti Airtel and technology services major Capgemini on Tuesday announced to collaborate on bringing India-specific, 5G-based enterprise grade solutions to the country.