The company has a valuation of Rs 2.22 trillion, up from Rs 1.33 trillion a year ago.
Kotak Mahindra Bank to have a 19.9% stake in the proposed banking venture.
Telecom major Bharti Airtel unveiled its new logo on Thursday, November 18, and also announced that its subscriber base has crossed the 200 million mark, with nearly 150 million users in the domestic market alone. The company has 40 million users in Africa, while the rest are in Bangladesh and Sri Lanka.
With this launch, Airtel has now become the only private operator to have network footprints in all the districts of J&K.
Never before has an open and innovative platform like Airtel Zero been on offer that will help drive internet adoption through free usage (and companies and app developers being an equal partner in the process), says Srini Gopalan.
The Airtel Internet TV is a hybrid device that has the best of both worlds: DTH connection with the best streaming apps on tap says Abhik Sen.
As per the latest data released by Telecom Regulatory Authority of India (TRAI), Vodafone Idea -- born last year from the merger of older operators Vodafone India and Idea Cellular -- continues to be the largest operator with 38.75 crore consumers and 33.36 per cent market share in the wireless segment as on May 31, 2019.
In a dig at Jio's Rs 1,500 4G-enabled feature phone, the Sunil Bharti Mittal-led company said its smartphone would be made available for the price of a feature phone
Loop Mobile has debt of Rs 400 crore (Rs 4 billion), which is likely to be included in final deal size.
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.
After Bangalore and Kolkata, Bharti Airtel launched Airtel postpaid 4G services in Pune, the first 4G service in Maharashtra.
The acquisition will make Airtel the largest mobile operator in the Republic of Congo with around 2.6 million customers, the company said in a statement.
Revenue soared 6.2 per cent to Rs 20,602.2 crore for the three months ended March 31, 2019.
Bharti Airtel is counting on its "endearing" brand to build on its acquisition of Zain Telecom's African operations. In addition, it aims to do what Indian companies are getting increasingly known for: Reduce costs.
Bharti Airtel on Thursday announced the launch of GPS based navigation application on mobile handsets in collaboration with Wayfinder Systems AB of Sweden.
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.
Reacting to the statement Jio said that the admission by Ookla reinforces Jio's submission that there is a clear contamination in primary data collected by Ookla in India, where nearly 90 per cent of smartphones are dual SIM devices
As the new owner, Airtel will take over Telenor India's spectrum, licences and operations, including its employees and customer base of 44 million.
Airtel said it will implement 25 per cent more stringent mobile call drop benchmark of 1.5 per cent versus 2 per cent prescribed by the regulator Trai.
Buoyed by excellent response in December, hopes to raise a total of 1 billion to refinance notes due end-2018.
Market concentration in the country's telecom sector continues to scale new heights despite government bailouts of public-sector Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), and private-sector Vodafone Idea. The combined revenue (or net sales) share of the country's top two telecom operators - Bharti Airtel and Reliance Jio - in the sector's total reached an all-time high of nearly 72 per cent in FY23 from 70.4 per cent in FY22 and around 60 per cent in FY20. The net sales of Reliance Jio and Bharti Airtel India were Rs 1.67 trillion in FY23, up 18.6 per cent from the Rs 1.4 trillion a year earlier.
Consolidated net debt of Airtel increased by 24 per cent to Rs 97,395.2 crore.
Revenues of Airtel and Idea have been hit by falling realisation and analysts said margins would be affected by higher costs.
Most telcos say the speed will surpass fixed broadband as the 5G roll out, which is currently on 360,000 towers, crosses 400,000.
Airtel DTH has high hopes from a market that offers scope for exponential growth but is already packed tight like a can of sardines. Can the telecom major pull it off?
Is the Airtel Zero plan really a big blow for net neutrality? Will it end the 'free' internet as we know it? Amidst the hullaballoo over the issue, Sudhir Bisht provides a contrarian view.
With intense competition in telecom sector, the two companies are rushing to diversify into other revenue streams, prominent among which are cloud services.
The submission was made before additional sessions judge Hardeep Kaur, who extended the judicial custody of all the six accused till March 1.
Most public sector banks, flush with deposits now, offer 3-4% interest on savings deposits, while a few private sector banks go up to 6%.
Singapore Telecommunications (SingTel) has increased its stake in Bharti Airtel, India's largest mobile service provider, to 32.15 per cent from 32.04 per cent.
Airtel users can subscribe to Airtel Talkies at Rs 30 per month for four movies with 30 days validity, or Rs 10 per week for one movie with seven days' validity.
Airtel on Wednesday said its customers can enjoy free unlimited incoming calls on international roaming while travelling to popular destinations like the US, Canada, the UK and Singapore.
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.
Tata Steel, Tech Mahindra, NTPC, JSW Steel, Power Grid, UltraTech Cement, HCL Technologies and HDFC Bank were among the major gainers. Bharti Airtel, Hindustan Unilever, Axis Bank, Reliance Industries, Kotak Mahindra Bank, ICICI Bank and IndusInd Bank were among the laggards.
Enquiries indicate it belongs to an industrialist with links to a prominent cricketer.
Connecting Maharashtra, Goa and Mumbai telecom circles without roaming charges, Airtel on Wednesday announced a 'One Maharashtra' scheme for its pre-paid and post paid customers in these circles.
While Airtel may be pushed to to No 3, Jio will find it mighty difficult to beat the new entity.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances