Payments banks can take deposits and remittances but are not allowed to lend
He had previously worked with Airtel from 2010 to 2014
The new package sparked concerns that intensifying competition will hit profits and margins in the sector
Offer will close on Feb 28; prepaid users will get free 3GB data with Rs 345 recharge
Proposed buyout deal a step towards consolidation in face of Reliance Jio's entry into the sector
Bharti Airtel was up 5% to Rs 316, while Idea Cellular up 4% to Rs 76 and Reliance Communication up 3% at Rs 36 on BSE.
First payments bank to go live; to offer interest rate of 7.25 per cent per annum on deposits in savings bank
It'll reduce debt, boost muscle to take on Reliance Jio, bring down Airtel discount due to Infratel
Venkatesh takes over from Rohit Malhotra, who was with the company in various senior roles for over nine years.
Airtel has bought Zain Telecom's assets in 17 African countries in 2010 for $10.7 billion
With the additional over 7,000 PoIs which is sufficient to serve over 75 million customers, says Bharti Airtel
By November end, the 4G services would be expanded to cover over 200 towns spanning 42 districts in the state
To win against competition, Airtel will target more rural markets
Gopal Vittal believes the telco will retain market leadership
TRAI imposed Rs 1,050 crore penalty over interconnect issue
The packs, which are designed for medium duration international trips, start at Rs 1,199 for Singapore & Thailand whereas for US-Canada, UK, the pack is available for Rs 2,999
Company had reported a net profit of Rs 1,536 crore in the corresponding year-ago period
The other telecommunication providers had been using 5 MHz bandwidth
Airtel enjoys a 33 per cent market share, according to the latest data by cellular association COAI
Users who purchase a new 4G-enabled smartphone will be eligible to get 10 GB 4G/3G data on a recharge of Rs 259