Bharti Airtel Chairman Sunil Mittal said the sector remains a viable place for continued investments
According to analysts, Bharti Airtel has a clear advantage to further gain high-quality subscribers in both pre-paid and post-paid categories, considering Vodafone Idea's weak financial position
Bharti Airtel Chairman Sunil Mittal has expressed hope that the government and regulators will step in to ensure that the sector remains a viable place for continued investments
Stock market LIVE: In the broader markets, the BSE MidCap and SmallCap indices declined over 1 per cent each
Bharti Airtel announced the Office Internet, a solution for emerging digital connectivity needs of small businesses, SOHOs and early stage tech start-ups
The two firms' revenue market share has risen 1,300 bps in two years
The Department of Telecommunications (DoT) has issued a letter of intent (LoI) to Bharti group-backed OneWeb for satellite services in India, according to an official source
Bharti Airtel on Thursday announced the launch of 'Airtel Office Internet'
The favourable industry structure of two players is a good enough kicker for an eventual hike in tariff as well as superior digital play in the medium to long term, an analyst said
The Sunil Mittal-owned company reported a net profit of Rs 283.5 crore in the first quarter of the current fiscal (Q1FY22), which was much lower than the consensus estimates
KM Birla had in June this year offered to hand over group''s stake in debt-laden Vodafone Idea Ltd to government or any other entity to ensure that company remains a going concern.
The broader market, however, saw profit booking as, both, the BSE Mid and SmallCap indices declined 1 per cent each.
Operating performance saw improvement and was ahead of expectations
Revenue of the Sunil Mittal-led telco rose 4.2 per cent on a sequential basis to Rs 26,853 crore in June quarter
Amid a steep rally, investors got richer by Rs 2.4 trillion, BSE data showed
Together with TCS, the conglomerate is creating capacity to take advantage of the big new opportunity in 5G network and broadband rollout by acquiring a reputed telecom gear manufacturer and tying up
Tata Sons arm Panatone Finvest picked up an 8 per cent stake in domestic telecom equipment maker Tejas Networks for over Rs 193 crore through an open market transaction
The company had posted a consolidated net profit of Rs 759.2 crore in the March quarter of FY21 (Q4FY21), while it had incurred a loss of Rs 15,933 crore in the year-ago period
At an all-India level, Airtel subscribers were down in May by 4.6 million, or 1.3%
Companies like HDFC, PNB, Airtel, Adani Enterprises, HPCL, SBI, Titan, Shipping Corporation of India, and Dabur are expected to announce their Q1 earning results next week