Bharti may look at gaining market share pre-merger and benefit from a lower capex intensity
Telecom market leader Bharti Airtel on Thursday said the industry will need to raise tariffs as margins of operators are getting hurt at the current rate but ruleditself out to be the first to take the step.
The incumbent operators faced the onslaught of free offers and cheaper rates from Jio.
Among the Sensex firms, JSW Steel, Tata Steel, Tech Mahindra, Infosys, Wipro, Tata Consultancy Services, Nestle, HCL Technologies, HDFC Bank and Maruti were the major laggards. IndusInd Bank, ITC, Bharti Airtel and State Bank of India were among the winners.
Most telcos say the speed will surpass fixed broadband as the 5G roll out, which is currently on 360,000 towers, crosses 400,000.
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 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.
The country's largest telecom player Bharti Airtel sees 3G as a major growth propeller and says the journey of 3G to 4G and to LTE (long-term evolution) would take place much faster in India.
Megha Engineering and Infrastructures Limited was the top donor to the Bharatiya Janata Party at Rs 584 crore and the Bharat Rashtra Samiti at Rs 195 crore.
Nokia Life services, where the information is customised and designed to meet customer needs in areas such as education, agriculture, healthcare, livelihood and even spirituality, are delivered as SMS messages to the consumers.
The Customer Complaints Council pulled up Hindustan Unilever Ltd (HUL) for advertisement of its water purifier product 'Pureit Ultima'.
The recognition that content - video in particular - will be the next big thing in the telecom wars requires no rocket science.
Global tech major IBM, which employs over a lakh individuals in India, on Wednesday termed moonlighting an unethical practice. Moonlighting, the practice of taking up secondary jobs after the regular work hours, has been highlighted by many tech companies of late. IBM's managing director for India and South Asia, Sandip Patel said, at the time of joining, the company's employees sign an agreement saying they will be working only for IBM.
Among the Sensex firms, Bajaj Finance, JSW Steel, Reliance Industries, Mahindra & Mahindra, ITC, Tata Consultancy Services, Wipro, HDFC Bank, Larsen & Toubro and Bharti Airtel were the major laggards. Sun Pharma, NTPC, State Bank of India, IndusInd Bank and Axis Bank were the major gainers.
Airtel rolls out fourth-generation (4G) data service across 296 cities.
Which entrepreneur would willingly part with her or his hard-earned money for grasping, self-serving politicians? asks Debashis Basu.
Among the Sensex firms, Power Grid, HDFC Bank, Kotak Mahindra Bank, Reliance Industries, NTPC, State Bank of India, Tata Steel and Bharti Airtel were the major gainers. Bajaj Finance, Axis Bank, HCL Tech and Mahindra & Mahindra were among the major laggards.
Bharti to spend Rs 1,600 cr for spectrum payout over 10 yrs; Telenor to service its own debt.
It is believed that apart from Bharti Airtel and Bharti Infratel, there are four players that have made a bid.
While the market for satellite broadband currently is small, the potential is large as an estimated 30 per cent of the country does not have reliable terrestrial broadband services.
CEO Shashi Arora discusses his roadmap for Airtel Payments Bank with Karan Choudhury.
Airtel on Thursday launched a card that will enable subscribers to access internet through wireless medium in India and abroad.
It would not produce any content, but market and cater to an array of users like animation and gaming firms, news channels, cinemas and banking institutions.
Mittal said he discussed a plethora of issues with Commerce and Industry Minister Piyush Goyal and sought the government's support for faster clearances to streamline the group's investment plans.
ICICI Bank, Axis Bank, Infosys, M&M, Tech Mahindra, Tata Steel, SBI and Maruti were also among the gainers. On the other hand, IndusInd, TCS, Titan and Asian Paints declined.
Bharti Airtel on Monday announced a tie-up with US-based Apple Inc to bring the popular GSM-based iPhone in the country.
Sanjay Kapoor is the man handpicked by Sunil Mittal, the founder promoter of Bharti Enterprises, to get the next 100 million subscribers for the group's mobile telephony arm, Bharti Airtel. In the space of just a year, Kapoor has been promoted a second time.
DTH major Tata Sky has approached the Advertising Standards Council of India seeking action against its competitor Airtel Digital's ad campaign, alleging that the advertisement was misleading.
Telecom minister A Raja had said that mobile tariffs should come down to 10 paise for local calls and for 25 paise STD calls per minute.
Its success script: Investing more in local content ecosystem; growing its partnership footprint.
The merits and demerits of the telcos' 5G strategy however is clearly dependent on the financial muscle of players, reports Surajeet Das Gupta.
Benchmark equity indices Sensex and Nifty settled with marginal gains on Thursday in a highly volatile trade amid the scheduled monthly derivatives expiry and muted trend in the US markets. The 30-share BSE Sensex closed 86.53 points or 0.13 per cent higher at 66,988.44, registering its third day of gains. During the day, it hit a high of 67,069.89 and a low of 66,610.35.
Selling in index heavyweights, including Infosys, TCS, ICICI Bank and Reliance Industries, dragged the benchmark indices into the negative for the second straight session, analysts said. Among the Sensex shares, Asian Paints fell the most by 3.9 per cent as analysts expressed concerns over rising competition in the domestic paints market following the entry of Aditya Birla group company Grasim Industries into the paints segment. IT shares Infosys, TCS, HCL Tech, Wipro and Tech Mahindra continued to slide amid inflation concerns in the US market.
Bharti Airtel said net sales rose 7.9 per cent
In India, there are 22 services area, or circles, for 2G telecom services and both the companies operate in all the circles.
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.
India's first Android-powered mobile HTC Magic has Bharti Airtel as its exclusive carrier and is priced at Rs 29,900. "The handset would be available in the Indian market in the first week of July... We are confident of the product doing well and expect to sell about 25,000 units in the next four-five months," said HTC India Country Manager Ajay Sharma. HTC Magic is a touchscreen handset equipped with a 3.2-inch screen, 3.2 megapixel camera and has 3G capabilities.
Ahead of its Rs 18,000 crore further public offer (FPO), Vodafone Idea on Monday said it expects to roll out 5G services in select pockets within 6-9 months of raising fresh capital. Its chief executive Akshaya Moondra said rollout of the modern 5G telecom services is one of the objectives of raising the capital from the public and once the funding comes, it will start work on the rollout. "With this round of funding, we believe we will be able to (come) back to participate in the industry growth which has not been possible," he said.
The Reserve Bank of India said Airtel's board of directors and shareholders have passed resolutions agreeing to increase the limit on the purchase of its equity shares and convertible debentures by foreign institutional investors.
In the Sensex pack, HCLTech rose the maximum by 3.12 per cent, followed by ITC which gained 2.73 per cent and M&M went up 2.61 per cent. TCS climbed 2.44 per cent. Tech Mahindra, Wipro, L&T and Maruti were among the other major gainers.
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