10 largecaps stocks which stand to gain from the Budget.
From its lows this month, the stock of Bharti Airtel is up 14 per cent. The gains for the telco have come on the back of expectations that market share consolidation, tariff hike and lower capex should boost margins and profits. While the company is a key player in the Indian market, it also has a leadership position in major markets of Africa.
Bharti Airtel recently acquired a 100 per cent stake in Wireless Business Services, a company founded by US chipmaker Qualcomm. Subsequent to the acquisition, the company was renamed Airtel Broadband Services.
The JV between the two has won BWA spectrum in Delhi, Mumbai, Haryana and Kerala.
New tariffs to apply to all customers with immediate effect and the move is aimed at bringing in greater RPMs (revenue per minute) and profitability.
India's second-largest telecom firm Bharti Airtel on Tuesday reported a net profit of Rs 1,134 crore for the September 2021 quarter, and said it is witnessing strong business momentum with growth in 4G customers and increase in mobile ARPU. This is against a loss (attributable to owners of the parent) of 763.2 crore during the year-ago quarter, the company said in a statement. Its consolidated revenues for the second quarter of FY21 stood at Rs 28,326.4 crore, up 18.8 per cent year-on-year (on a comparable basis) and 13 per cent y-o-y on a reported basis, it added.
Reliance Communications has accused "old 2G operators" of causing over Rs 1 lakh crore (Rs 1 trillion) in losses to the exchequer through "fraudulent means".
RCom had won 3G spectrum in 13 circles, including Delhi and Mumbai.
Bharti Airtel Ltd, India's top telecommunications carrier, said on Friday it had bought out Qualcomm Inc's stake from a fourth-generation (4G) broadband joint venture in the country, taking full ownership of the business more than a year earlier than planned.
The company said that intense competition following the disruptive entry of a new player, legal and regulatory challenges, high level of unsustainable debt and increased losses had together caused significant "negative business and reputational impact".
The optic fibre cable infra was with Jio Digital Fibre and the tower infra with Reliance Jio Infratel
Reliance Infocomm said on Tuesday that it will expand its CDMA mobile services to 3600 more towns within four months and expects its subscriber base to touch one crore (10 million) by early next year.
Reliance Infocomm said on Tuesday that it will expand its CDMA mobile services to 3,600 more towns within four months and expects its subscriber base to touch 10 million by early next year.
Toshiba's new 3500 series combines the power of a wireless business notebook.
While Airtel's India wireless operational performance was one of its worst in recent times, Jio surprised the Street by reporting a higher expected operating and net profit.
Reliance Communications Ltd (RCom) on Friday announced the sale of 51 per cent stake in its telecom tower business to Canada-based Brookfield Infrastructure Group, for an upfront cash payment of Rs 11,000 crore.
RCom and Aircel will hold 50 per cent each in the new company
Says, Jio unlikely to gain 2% revenue market share in 2017
The DoT has issued long-awaited migration guidelines which pave way for Internet service providers (ISP) like Reliance Jio Infocomm and Tikona, that have BWA spectrum, to offer mobile telephony service by paying an extra fee of Rs 1,658.57 crore (Rs 16.58 billion).
Airtel announced complete acquisition of WBSPL in October last year for an estimated Rs 2,000 crore (Rs 20 billion).
Falling revenues, increased capex, and first full year of spectrum debt may make things worse
RCom is expected to have a 50% stake, Aircel 40% and MTS 10%
The move to sell the jewel in Vodafone's crown closes a heady expansionist chapter for one of Britain's most famous companies
Bharti's operating margin for India wireless business grew 80 basis points sequentially to 34.9 per cent.
Most business groups in India, including Godrejs, Tatas and Mahindras, have seen patience tested in JVs, with some of them winding up quickly
DoT had raised the demand on December 22 and asked RCom to pay within a month.
The telecom industry is moving towards a five-plus one model.
The dual-technology operator plans to divert its mobile customers and those who use mobile internet to the GSM side of its business, and devote the CDMA business exclusively to dongles.
Most of the steep rate cuts announced might also not translate into bill savings for subscribers
Ambani said, in the telecom space, the focus will be on debt reduction, and the virtual merger did away with the need for major capex and will help towards this
The deal between Bharti group and Tata Teleservices is yet another example of how swiftly things can change in business.
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