Bharti Airtel said net sales rose 7.9 per cent
Total revenue came in at Rs 20,422 crore for the September quarter, which was 6.2 per cent lower than Rs 21,777 crore notched in the year-ago period.
The three companies for sale are Reliance Communications, Reliance Telecom and Reliance Infratel.
With investors seeking clarity from the market tribunal SAT on Bharti Airtel's proposed mega deal with MTN, the Sunil Mittal company today said it is still in discussion with the South African firm.
From the Sensex basket, Bharti Airtel, Nestle, Maruti, Tata Motors, HCL Technologies, NTPC, Asian Paints and State Bank of India were the major gainers. Sun Pharma, Reliance Industries, Mahindra & Mahindra, JSW Steel, Tech Mahindra and Bajaj Finance were among the laggards.
Says spending $3 billion every year on networks alone
Splitting the market with its new 'segmentation' strategy, AirTel on Tuesday launched an exclusive prepaid card for the youth priced at Rs 249 and two post-paid plans for women and senior citizens with monthly rental of Rs 150 each.
The country's largest telecom operator Bharti airtel joined hands with the Formula One Group Companies to become title sponsor of the Indian leg of the race series, scheduled on October 30. The race in India, which will be the 17th in the Formula One World Championship, will be called the 'Airtel Grand Prix of India', following the telecom major's tie-up with the Formula One Group Companies.
'Blue collar jobs like those of a driver, cook, guard have a steady demand at all times. Many people competent in these domains would be looking out for these jobs at any given point in time. Keeping this in mind, Airtel has made use of communication services and launched this offering to bridge the demand and supply gap,' V Venkatesh, CEO, Mobile Servies, Bharti Airtel, Karnataka, said.
Airtel on Thursday launched a card that will enable subscribers to access internet through wireless medium in India and abroad.
The absence of a transparent telecom regulatory environment not only makes life difficult for service providers, but also impacts investors' confidence in the sector, a senior Bharti Airtel official said.
Mukesh Kumar won the inaugural Airtel Open Golf title in Mumbai to register his fourth win on the Amby Valley PGAI Tour 2004-05 season.
Bharti Airtel on Friday said its subscriber base has crossed the 100 million mark, making it the world's third largest 'in-country' mobile operator.
The telecom to look at opportunities to acquire another firm in India.
The company has purchased the rights to use the 1,800 MHz spectrum in 6 circles.
From the Sensex firms, Power Grid, NTPC, Tech Mahindra, Bharti Airtel, Tata Motors, IndusInd Bank, Reliance Industries, Kotak Mahindra Bank and Maruti were among the laggards. Asian Paints, Wipro, JSW Steel, Hindustan Unilever, Bajaj Finserv and Mahindra & Mahindra were among the biggest gainers.
The country's largest private telecom operator Bharti Airtel on Thursday entered into an agreement with Nokia Siemens Networks (NSN) to expand its 2G network and roll-out its 3G network in seven African countries for an undisclosed amount.
The Supreme Court on Tuesday granted 10-year time to telecom firms like Vodafone Idea, Bharti Airtel and Tata Teleservices for paying the Adjusted Gross Revenue (AGR)-related dues to the department of telecommunications with certain conditions.
Stock markets will be driven by quarterly earnings by index majors, global trends and the RBI's interest rate decision this week after digesting news on budget proposals and US Federal policy outcome, say analysts. The trading activity of foreign investors and the movement of global oil benchmark Brent crude would also dictate trends in equities. "On the domestic front, the MPC (Monetary Policy Committee) meeting is scheduled from February 6-8.
Idea has slashed prices by up to 67% for 3G/4G internet packs for both post- and pre-paid users.
As part of the partnership, Airtel Digital TV - the DTH arm of Bharti Airtel - will offer the radio service on its iMusicSpace application.
Airtel's 4G service runs on 2,300 MHz long-term evolution (LTE) spectrum in all nine circles, which is difficult to access while indoors.
These vendors will plan, design, deploy and maintain 3G-HSPA (third generation, high speed packet access) networks in 13 telecom circles where the company has won 3G licences, Bharti Airtel said in a statement.
Bharti to spend Rs 1,600 cr for spectrum payout over 10 yrs; Telenor to service its own debt.
'These are capex and infrastructure-linked sectors, PSUs or stocks of some corporate houses.'
Bharti Airtel says the makeover is in tune with the paradigm change the industry is about to witness.
Airtel already offers services in Sri Lanka, Bangladesh and 17 African countries apart from India.
Telecom Minister Ravi Shankar Prasad said that there were 31 complaints of call drops against the company in 2015
Benchmark equity indices Sensex and Nifty declined nearly 1 per cent on Wednesday, falling for the fourth day running amid profit-taking by cautious investors ahead of the results of the Lok Sabha polls. The 30-share BSE Sensex declined 667.55 points or 0.89 per cent to settle at 74,502.90. It went below the 75,000 mark to hit the day's low of 74,454.55, plunging 715.9 points or 0.95 per cent.
It is introducing a new business model to manage fixed line and DSL broadband networks.
The Rs 51 per GB data versus industry norm of Rs 250-plus comes with the caveat of an upfront payment of Rs 1,498 for a year
Customers have to press the green key on their Airtel Digital TV remote to enable and access the service.
From the Sensex basket, NTPC, Power Grid, IndusInd Bank, Tata Steel, Tata Motors, JSW Steel, Tech Mahindra and Larsen & Toubro were the biggest gainers. Bharti Airtel, Maruti, ICICI Bank and Asian Paints were the laggards.
Airtel said the amount will be used for refinancing its existing loan portfolio.
Among the Sensex firms, Power Grid, IndusInd Bank, Maruti, Wipro, Tata Steel, JSW Steel, Asian Paints, Mahindra & Mahindra, Reliance Industries and UltraTech Cement were the biggest laggards. Hindustan Unilever, Infosys and Tata Consultancy Services and Bharti Airtel were the gainers.
Bharti Airtel subscribers would soon be able to withdraw cash by using their mobile phone, without going to bank branches or any ATM. The company, which recently launched Airtel Money (AM) to allow users to transfer money, as well as pay bills, is in discussion with various banks to launch the cash withdrawal service.
The plan coming under 'Super Lifetime Prepaid' offers an Airtel user local outgoing tariff of Re 1 for life. Under this plan, the customer can stay mobile by paying just Rs 999 and they have to use a minimum of Rs 200 every 180 days to continue enjoying lifetime validity benefits.
Equity benchmark indices Sensex and Nifty hit their fresh record levels on Thursday after lower inflation numbers raised hopes of an interest rate cut by the RBI. Besides, heavy buying in capital goods, consumer durable and industrial stocks also helped the indices, traders said. Retail inflation continued its downward slide to reach a one-year low of 4.75 per cent in May due to a marginal decline of prices in the food basket and remained within the Reserve Bank's comfort zone of below 6 per cent, according to government data released on Wednesday.
