Page 2 - Bharti Airtel Shares

Bharti Airtel may not buy 5G spectrum and 'expensive' 700 MHz airwaves

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

Buyback offer spurs Bharti Airtel's dollar-denominated bonds to 5-year high

Moody's Investors Service placed the company's Baa3 rating on review for a cut to junk grade on November 8 on concern about weak cash flow generation

Airtel divests 67.53 mn shares of Bharti Infratel to raise Rs 2,570 cr

UBS and JP Morgan were joint placement agents for the transaction

Reliance Jio's high capital expenditure boosts Bharti Infratel scrip

The stock of Bharti Infratel, which manages telecom towers and communication structures for various mobile telephony operators, gained seven per cent over the past week. That was after brokerages upgraded it on expectation of higher orders from the Reliance Jio rollout, beside investor preference for companies with a stable revenue model. Nomura, which has increased its target price by 20 per cent to Rs 396 for the scrip, said in a report earlier this month that it expected the company to garner a sizable share of the rapid tenancy rollout by RJio over the next few quarters. Which, it said, would make up for the merger/acquisition or slowing in network capital expenditure by other telecom companies. The key overhang on the stock had been the estimated loss of tenancies by industry consolidation, both from the exit of weaker players and from mergers such as the one announced by Vodafone and Idea Cellular. The earnings' dent from tenancy loss (due to merger/consolidation) is expected to

Airtel shares see sharp recovery, surge 8%

Surge in stock boosted market valuation of the company by Rs 10,873.1 crore to Rs 1,48,983.10 crore