Page 2 - Bharti Airtel

Bharti Airtel slips 3% despite over 91% YoY surge in December net

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.

Stocks to Watch: Bharti Airtel, Hero Moto, Adani Green, Ambuja Cement, NDTV

Stocks to Watch: Airtel reported a 91.5 per cent year-on-year rise in consolidated net profit; Adani Green Energy's consolidated net profit more than doubled to Rs 103 crore in Q3

Bharti Airtel Q3 net profit rises 91.5% to Rs 1,588 cr; ARPU up at Rs 193

Revenue growth, 4G customer addition power strong result

Bharti Airtel Q3 net profit jumps 91% to Rs 1,588 cr; ARPU rises to Rs 193

Telecom operator Bharti Airtel on Tuesday reported a 91.5 per cent year-on-year rise in consolidated net profit to Rs 1,588 crore for the October-December quarter of 2022-23. Total revenue rose nearly 20 per cent year-on-year to Rs 35,804 crore in the December quarter (Q3FY23) "backed by strong and consistent performance delivery across the portfolio", the company said in a statement. Its consolidated net income (after exceptional items) stood at Rs 1,588 crore for the just ended quarter, translating into an increase of 91.5 per cent year-on-year. The consolidated net income (before exceptional items) at Rs 1,994 crore, was up by 147 per cent year-on-year, it added. Bharti Airtel Managing Director Gopal Vittal said the company delivered another quarter of consistent and competitive growth across businesses. "Revenue grew sequentially by 3.7 per cent, while EBITDA margin expanded to 52 per cent. Our strategy of winning quality customers has helped us add 6.4 million 4G customers and

Airtel's Q3 revenue may rise 20% YoY; Vi could face 6 mn subscriber exits

Telecom major Bharti Airtel is likely to report up to 19.7 per cent year-on-year (YoY) growth in revenue to Rs 35,750 crore in the December quarter (Q3FY23), pegged analysts

Bharti Airtel acquires 23% stake in Indus Towers held by Nettle Infra

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.

Airtel Africa Q3 net profit rises 7.5% to Rs 1,586 cr, revenue up 10.7%

Telecom operator Bharti Airtel said its African arm Airtel Africa on Thursday posted a 7.5 per cent growth in profit after tax at USD 193 million, about Rs 1,586 crore, in the third quarter ended December 2022. The company had posted a profit after tax (PAT) of USD 180 million in the same period a year ago. "Providing affordable, innovative and essential services to customers in our 14 markets with unparalleled network quality and customer service is integral to our ambition of transforming lives across Africa. These strong results are testament to this strategy despite the current macro-economic and geopolitical uncertainties," Aitel Africa Chief Executive Officer Segun Ogunsanya said in a statement. The revenue of Airtel Africa during the reported quarter increased by 10.7 per cent to USD 1,350 million from USD 1,219 million in December 2021 quarter. In constant currency term, revenue of Airtel Africa grew 18 per cent. Total customer base of Airtel Africa increased by 10.1 per c

Bharti Airtel to increase entry-level tariff in all circles soon: Report

Airtel started raising the entry-level tariff from Rs 99 to Rs 155 on November 21 in Odisha and Haryana

Bharti Airtel rolls out 5G services in seven cities of Jammu and Kashmir

Telecom operator Bharti Airtel on Friday announced the launch of its 5G services in Samba, Kathua, Udhampur, Akhnoor, Kupwara, Lakhanpur and Khour. In a statement, Airtel said its 5G services will be available to customers in a phased manner as the company continues to construct its network and complete the rollout. "Samba, Kathua, Udhampur, Akhnoor, Kupwara, Lakhanpur and Khour get ultrafast Airtel 5G Plus services in addition to Jammu and Srinagar cities," the company said in a statement. Adarsh Verma, Chief Operating Officer of Bharti Airtel, Jammu, Kashmir & Ladakh said: "Connectivity to our customers in the Valley is in line with our commitment to bridge the digital divide and connect communities who need it the most". "We are in the process of lighting up the entire Union territory which will allow customers to enjoy superfast access to high-definition video streaming, gaming, multiple chatting, instant uploading of photos and more," Verma added.

Jio, Airtel up subscribers tally, Vi loses 1.82 mn users in Nov: Trai data

Telecom operators Reliance Jio and Bharti Airtel cumulatively gained nearly 25 lakh mobile subscribers in November even as troubled Vodafone Idea lost nearly 18.3 lakh customers, according to data by sector regulator TRAI. India's largest telco Reliance Jio cemented its lead in the market adding 14.26 lakh net subscribers in November, whereas Airtel added 10.56 lakh users. At the end of November 2022, Jio's mobile subscriber tally stood at 42.28 crore, the levels rising from 42.13 crore during the previous month. Bharti Airtel's subscriber gains pushed up mobile user count of the Sunil Mittal-led company to 36.60 crore in November. In sharp contrast, cash-strapped Vodafone Idea lost 18.27 lakh subscribers during the month in reference, tempering its subscriber base to 24.37 crore in November. As per TRAI data, the total broadband subscribers increased to 825.38 million at the end of November 2022 with a monthly growth rate of 0.47 per cent. Top five service providers constituted

Stocks to Watch: Adani Group, Tata Motors, Dr.Reddy's, DLF, Airtel, IGL

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.

Bharti Airtel hikes entry-level plan in 7 circles to shore up Arpu

In a total of 9 circles, Bharti Airtel's Rs.99 entry level plans have now been replaced by the Rs.155 plan in a bid to raise ARPU

Airtel to invest Rs 2,000 cr to set up hyperscale data centre in Hyderabad

The project is estimated to be deployed in the next five to seven years, it further said

Airtel launches 5G services in Jaipur, Udaipur, Kota in a phased manner

Private telecom company Bharti Airtel on Tuesday announced the launch of its 5G services in three cities of Jaipur, Kota and Udaipur of Rajasthan

Bharti Airtel launches '5G Plus' services in five cities of Uttar Pradesh

The services are already live in Lucknow and Varanasi

Bharti Airtel falls by over 4% after JP Morgan downgrades its stock

JP Morgan said it recently downgraded Bharti from OW to UW with a new price target of Rs 710

Bharti Airtel slips 4% after JP Morgan downgrades stock to 'Underweight'

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.

2023 will be decisive for Vodafone Idea, fundraising critical: CLSA

The brokerage firm CLSA said that with a decline in VI's share, Airtel and Jio together control 77 per cent and should continue to gain share in 2023

Reliance Jio and Bharti Airtel launch 5G services in Bhubaneswar

Telecom operators Jio and Bharti Airtel on Thursday started their 5G services in the state capital. The 5G services of both the companies were unveiled by Union Education Minister Dharmendra Pradhan and Union Telecom Minister Ashwini Vaishnaw at an event here. Vaishnaw said that the Narendra Modi government has sanctioned a total of Rs 5,600 crore for telecom services in Odisha in the 2022-23 and 5,000 mobile towers will be installed across the state for world class communication facilities. Vaishnaw had committed to start 5G services in the state before January 26. Telecom Secretary K Rajaraman said that the government has also dedicated 100 towers for 4G services in rural areas of the state. He announced the setting up of a 5G research lab at Siksha O Anusandhan (SOA) University in collaboration with Jio.

Sensex jumps 224 pts on late buying, Nifty nears 18,200; SBI, Airtel shine

CLOSING BELL: The S&P BSE Sensex gained 732 points from the day's low, while the Nifty 50 jumped 218 points in intra-day trades, partly on account of short-covering owing to the monthly F&O expiry.