The company claimed it has also become the tenth telecom operator in the world to have more than 40 million subscribers in a single country, Bharti Airtel said in a statement in New Delhi on Wednesday.
The Supreme Court on Friday issued notices to Bharti Airtel and Vodafone on a BSNL petition, seeking that the private telecom operators pay interconnection charges, along with penalty, for transferring to its network their calls that did not identify phone numbers.
Among Sensex shares, Bajaj Finserve, ICICI Bank, Bharti Airtel, Bajaj Finance, Sun Pharma, Maruti Suzuki, ITC, and Nestle were the lead gainers. On the other hand, L&T Wipro, IndusInd Bank and TCS and Tata Motors were the lead losers.
Bharti Airtel, India's largest private cellular operator, on Thursday announced an investment of over $2 billion (Rs 9,000 crore) in 2007-08 to expand network.
The revenue, which will come through the billing of recharge vouchers, will be shared in the ratio of 75 : 25 by Airtel and MSRTC respectively.
Among the Sensex firms, NTPC, Mahindra & Mahindra, Power Grid, Nestle, Tata Motors, ITC, Bharti Airtel and Kotak Mahindra Bank were the major gainers. In contrast, Larsen & Toubro, Wipro, JSW Steel, UltraTech Cement, and Asian Paints were among the laggards.
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.
Airtel Digital TV, the DTH arm of Bharti Airtel, is launching its High Definition service, with set top boxes (STBs) priced at Rs 2,840, further fuelling the price war in the sector.
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.
Enquiries indicate it belongs to an industrialist with links to a prominent cricketer.
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.
On Monday, Ambani had said the Reliance group was open to join hands with Bharti Airtel for improving telecom network for 4G services in Punjab.
Telecom services providers have urged the Ministry of Finance to suspend the universal service obligation (USOF) till the existing corpus is exhausted. In their Budget recommendations, they have also pressed for an exemption from the service tax on "assignment of right to use natural resources" and the slashing of Customs duty on telecom equipment to zero. The Cellular Operators Association of India (Coai), which represents private sector telecom operators Reliance Jio, Bharti Airtel, and Vodafone Idea, called for abolishment of USOF levy.
The operator was directed to pay the spectrum charges based on the combined GSM and CDMA spectrum allocated, which otherwise were to be charged separately, it argued.
Bharti Airtel said net sales rose 7.9 per cent
Bharti Airtel on Monday announced a tie-up with US-based Apple Inc to bring the popular GSM-based iPhone in the country.
Dalal Street investors became richer by Rs 9.68 lakh crore in five days of market rally, where the Sensex breached the historic 73,000-mark for the first time ever to reach a new record peak, taking the market capitalisation of BSE-listed companies to an all-time high of Rs 376 lakh crore. The 30-share BSE Sensex jumped 759.49 points or 1.05 per cent to settle at a new closing high of 73,327.94 on Monday. During the day, it zoomed 833.71 points or 1.14 per cent to reach its all-time peak of 73,402.16.
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.
Airtel Broadband & Telephone has tied up with Indiagames for offering online gaming for its broadband customers for Rs 199 per month.
Bharti Airtel customers can now avail its 4G data plans starting from Rs 450, down 31 per cent from Rs 650 earlier in Bengaluru, Kolkata, Pune and Chandigarh circles.
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.
The company has purchased the rights to use the 1,800 MHz spectrum in 6 circles.
Says spending $3 billion every year on networks alone
Mobile service provider Airtel will launch enhanced data for global evolution-EDGE services in Kolkata, Jaipur, Chennai and some other cities by March 2005.
Among the Sensex firms, Power Grid, Kotak Mahindra Bank, Tech Mahindra, Bajaj Finserv, ITC, Bharti Airtel, Nestle, NTPC, Bajaj Finance, Reliance Industries, Infosys and HDFC Bank were the major gainers.
Bharti Airtel has partnered with UK based in-flight solutions company AeroMobile to offer on-flight cell-phone connectivity to its customers.
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.
Among the Sensex firms, IndusInd Bank, Tata Steel, Tata Motors, Sun Pharma, Infosys, Mahindra & Mahindra, Infosys, NTPC, Bharti Airtel, HCL Technologies and Axis Bank were the biggest gainers. Tech Mahindra and Bajaj Finance were the laggards.
AirTel has launched a voice-based railway enquiry system both for its pre-paid and post-paid customers.
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.
The telecom to look at opportunities to acquire another firm in India.
'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.
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.
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.
Idea has slashed prices by up to 67% for 3G/4G internet packs for both post- and pre-paid users.
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.
Airtel on Thursday launched a card that will enable subscribers to access internet through wireless medium in India and abroad.
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