Page 11 - Bharti Airtel

Bharti Airtel Q4 net profit jumps 164% to Rs 2,008 cr; ARPU rises to Rs 178

Consolidated revenue from operations rose 22% to Rs 31,500 crore in Q4FY22

Sensex soars 1,345pts, Nifty tops 16,250; LIC ends 8% down at Rs 875 on BSE

CLOSING BELL: Shares of Life Insurance Corporation of India (LIC) listed at Rs 867.20 on the BSE, a 8.6 per cent discount when compared with its issue price of Rs 949 per share

Airtel to set up digital tech hub in Pune, hire 500 people by FY23 end

Airtel is looking to hire across multiple experience and domains Big Data, Machine Learning, Dev Ops, Tech ops, etc

Airtel 'very strong' and 'battle hardened' after crises: Sunil Mittal

Company's digital revenue should be more than a billion dollars in the next few years, says group chairman

Airtel, Jio drive telecom subscriber base to 116.6 crore in March

Net subscriber addition by Bharti Airtel and Reliance Jio increased the overall telecom user base to over 116.69 crore in March 2022, telecom regulator Trai said in its monthly report on Thursday. Bharti Airtel and Reliance Jio led new customer additions in both mobile telephony as well as fixed line services segment in March. "The number of telephone subscribers in India increased from 1,166.05 million at the end of February 2022 to 1,166.93 million at the end of March 2022," Trai's subscriber report for March said. The Telecom Regulatory Authority of India (Trai) report said that the urban telephone subscription decreased to 64.71 crore from 64.77 crore and the rural subscription increased to 51.98 crore from 51.82 crore between March and February. According to the report, the total number of wireless subscribers increased to 114.2 crore in March from 114.15 crore in February. Bharti Airtel and Reliance Jio were the only gainers of new mobile subscribers in March. Airtel's net .

Signals of change

From the industry's perspective, the average revenue per user (ARPU) per month has been dropping annually, though things have been different after telcos raised tariffs

Govt must keep 5G fee low; faster roll out to have greater impact: Airtel

Airtel urged the government not to charge high fees for allotting 5G spectrum, saying a faster roll out of the next-generation telecommunication network can have more benefits than collecting revenue

Indices snap 5-day losing run; Sensex soars 574 pts, tops 57,000; RIL up 3%

CLOSING BELL: Ultratech Cement, RIL, Maruti Suzuki, Asian Paints, Bharti Airtel, and TCS were the top Sensex gainers

Select telecom stocks testing key supports; MTNL may soar 20%, charts show

The BSE Telecom index is likely to gain up to 3.50 per cent, as the index firmly holds the support around the 100-DMA, shows chart.

JioFiber waives entry fee, installation charges for new postpaid customers

The company has also introduced monthly plans for JioFiber postpaid customers and given an option to subscribers of low-value plans to pay Rs 100 for availing access to six entertainment apps

Summit Digitel to offer tower sharing infrastructure services to Airtel

While providing pan-India coverage for 4G, the towers are strategically located for the implementation of 5G, the release added

Airtel, Voda Idea: Telecom stocks could see up to 30% upside, charts show

Bharti Airtel needs to overcome its resistance at Rs 780 for further upside; MTNL, Voda Idea can zoom up to 30%

Bharti Airtel, Reliance Jio to gain share with 5G rollout: Brokerages

On Monday TRAI released recommendations to usher commercial 5G service by recommending 25-50% cut in reserve price for airwaves in various bands

Airtel fought difficult battles, emerged stronger: Sunil Mittal

"My professionals will not send me anything that will compromise the company's governance. I will never ask anything of them which will compromise our governance," Mittal said

Telecom companies gain on tariff hike; ARPUs to rise in fourth quarter

According to brokerages, Bharti Airtel could report 8-13.5 per cent QoQ rise in its ARPU to Rs 176-185.

RIL, HDFC Bk drag Sensex 115pts, Nifty holds 17,450; indices up 19% in FY22

CLOSING BELL: Hindalco tumbled 5 per cent, followed by Divis Labs, Apollo Hospitals, RIL, Wipro, Eicher Motors, Dr Reddy's Labs, and Cipla

Airtel completes acquisition of 4.7% stake in Indus Towers from Vodafone

Bharti Airtel along with its wholly-owned subsidiary has acquired about 4.7 per cent stake in Indus Towers from Euro Pacific Securities, an affiliate of Vodafone Group, a stock exchange filing said on Tuesday. The shares were acquired at Rs 187.88 a piece, it said. "...We wish to submit that the company, along with its wholly-owned subsidiary, Nettle Infrastructure Investments Limited, has acquired 127,105,179 equity shares (about 4.7 per cent) of Indus Towers at Rs 187.88 per share from Euro Pacific Securities Ltd., an affiliate of Vodafone Group Plc," Airtel said in a BSE filing. Last week, Bharti Airtel had said it will acquire 4.7 per cent stake in Indus Towers from Vodafone Group for about Rs 2,388 crore. Indus Towers, formerly Bharti Infratel, provides passive telecom infrastructure. It owns, deploys and manages telecom towers and communication structures for various mobile phone service operators. The company's portfolio of over 1,84,748 telecom towers makes it one of the .

Bharti Airtel spurts 2%, extends rally on positive news flow

The stock has gained 6 per cent in the last four trading sessions when compared with a 0.4 per cent gain on the benchmark.

Heavyweights pull Nifty, Sensex out of the red; Bharti Airtel rises 3.4%

After falling 537.11 points to a low of 56,825.09 in morning trade, the 30-share BSE barometer staged a recovery in afternoon trade and climbed 231.29 points or 0.40 per cent to settle at 57,593.49

Major rollout of 5G service only in FY24, Airtel tells investors

The Airtel management indicated this at an investor meet last week.