Company also announced renaming of Airtel m-commerce services as Airtel Payments Bank
The company is entering the new fiscal year on a high as its minutes volume is the highest in 18 quarters
Company board approves share buyback of up to Rs 1,434 cr at Rs 400 per share; total revenue rose 10% to Rs 24,960 cr
Company has been approached by a global content firm whose exclusive content will be offered only to Airtel customers
To deliver a more consistent digital experience, Airtel has decided to bring all payment platforms under a single umbrella
Currently, Airtel customers can make online recharges for their pre-paid mobile and DTH accounts through a host of mobile wallets/digital platforms
To offer improved and consistent customer experience.
However, the telecom major did not specify the number of shares it wants to buy back.
The stock was up 2.4% at Rs 362 on the BSE against 0.25% decline in the S&P BSE Sensex at 09:47 am.
The move will be seen positively by investors as it suggests that promoters see value in the company
However, the company did not specify the number of shares it mulls to buy back.
The telecom major added 2.55 million subscribers in March 2016, according to a report by COAI
The 4G spectrum is critical for the next growth phase as mobile data increasingly replaces voice as the main growth driver for mobile operators
The stock gained nearly 4% at Rs 347 on the National Stock Exchange in early morning trade.
In the near term, investors will keep an eye out for the March quarter results and the Reliance Jio launch
Acquires 2,300-MHz band in 8 circles to become pan-India 4G operator
With this acquisition, Bharti Airtel will become pan India 4G operator
Bharti Airtel has a Baa3 stable rating
These circles account for 23 per cent of Bharti's revenues and armed with additional spectrum, it will eat into rivals' share
A look at the dynamics of the deal and what it means for Bharti Airtel in its potential war with Reliance Jio