Move comes as a huge reprieve for telcos, gear makers
Airtel's Xstream multiplex will be a 20-screen platform with access to content portfolios from leading OTT partners available on the application
Stocks to watch today: Bajaj Finance has raised fixed deposit rates by up to 20 basis points; Zydus Lifesciences will open its share buyback offer on June 23 and close on July 6.
CEO of Airtel Digital, Adarsh Nair said, Airtel Xstream is well-positioned to solve the challenges faced by both OTT content providers and customers.
Airtel reported nearly a three-fold year-on-year increase in its net profit to Rs 2,008 crore in the fourth quarter of FY22
Telcos point to global trends and contend that 40 per cent of 5G revenues are expected from the enterprise segment and captive 5G networks will make 5G rollout unviable
As per a media report, Mittals are in talks with some major banks like BNP Paribas, Bank of America, Citibank, JPMorgan, and Standard Chartered to raise over $2 billion
A growth in average revenue per user is essential for the industry to invest in the network and spectrum, and if they do not do so, it can result in poor service offerings, Crisil said in a report
The government has allocated a project worth Rs 3,683 crore for providing 4G mobile services in uncovered villages of aspirational districts, an official source said on Monday. Under the project, Bharti Airtel will install 1,083 mobile towers with an expenditure of Rs 847.95 crore in Jharkhand and Maharashtra and Reliance Jio will roll out 3,696 towers for Rs 2,836 crore, the source said. The project was allocated to the companies in May. "The project to provide 4G coverage in uncovered villages of aspirational district of five states was approved by the Cabinet last year. Airtel and Jio have been given 18 months to roll out 4G services in the identified villages," the source said. The project envisages to provide 4G based mobile services in 7,287 uncovered villages of 44 Aspirational Districts across five states of Andhra Pradesh, Chhattisgarh, Jharkhand, Maharashtra & Odisha at an estimated cost of implementation about Rs 6,466 crore including operational expenses for five ...
Stocks to Watch today: JSW Steel, FSN E-Commerce Ventures (Nykaa), Jubilant Pharma, GAIL, Glenmark Pharma, Godrej Industries, PB Fintech (Policy Bazaar) will be in focus ahead of their Q4 results.
Continuous improvement in operational profile, financials triggers upgrade, says the ratings agency
Singtel's effective stake in Bharti Airtel is 31.7 per cent. It holds a 49.44 per cent stake in Mittal family owned firm Bharti Telecom
Research analysts at BofA were of the view that Vodafone Idea (VIL)management has focused on top core circles and the company may selectively bid in their core 3G and 4G circles
But more gains are crucial to telecom industry given investment plans and elevated debt levels
In the past one week, Airtel has underperformed the market by falling 4 per cent, as compared to 0.28 per cent rise in the Sensex.
Bharti Airtel's India MD and CEO, during an investor call, said that the company was able to gain 4G customers even as the shortage of electronic chips led to an increase in the prices of smartphones
CLOSING BELL: Sectorally, the Nifty Realty and PSU Bank indices were the worst hit as they slipped 1.75 per cent and 1.6 per cent on the NSE
Stocks to watch today: At 7:26 am, the SGX Nifty futures were quoting 16,223 levels, signaling 30-40 point loss for the 50-packed index.
Consolidated revenue rises 22.3% YoY to Rs 31,500 crore, ARPU up 9.2% sequentially and over 22% YoY to Rs 178
Business Standard brings you the top headlines on Tuesday