Bharti recorded $5 billion liability for past-due AGR fees, but is still completing its self-assessment to determine the final amount.
The company said the capital infusion will help it continue investments in future roll-outs to build large network capacity and create content and technology partnerships
Telecom operator Bharti Airtel and IT major Tata Consultancy Services (TCS) have joined hands to build a 5G-based remote working technology using robotics, according to a joint statement. TCS during the trials has successfully tested two use cases of its Neural Manufacturing solutions on Airtel's 5G testbed in Manesar - remote robotics operations, and vision-based quality inspection, the statement claimed. "The 5G ecosystem will open limitless possibilities for enterprises to enhance productivity and serve their customers even better with digitally enabled applications.
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 investment will enable Airtel to add EdTech to its premium digital content portfolio and give distribution scale to quality learning material from Lattu Kids.
British telecom giant Vodafone is in discussions to sell its about 5 per cent stake in telecom infrastructure company Indus Towers to Bharti Airtel, according to industry sources. The deal, if it goes through, could be worth over Rs 3,300 crore, they said. When contacted, Vodafone refused to comment on the matter. An e-mail sent to Bharti Airtel did not elicit any response.
The Sunil Bharti Mittal-led firm on Sunday approached its competitors to set up intra-circle roaming and other processes in the way it is done by the sector to respond to disasters.
Airtel Xstream will allow its subscribers to access live TV, video, music, news and sports on an over-the-top smart stick, interned-enabled set top box, and handheld devices.
From the 30-share Sensex pack, Adani Ports surged nearly 6 per cent. NTPC, Axis Bank, State Bank of India, Larsen & Toubro, UltraTech Cement, Tata Motors, HDFC Bank and Reliance Industries were the other big gainers. Bharti Airtel, ITC, Sun Pharma, Asian Paints and Kotak Mahindra Bank were the laggards.
Bharti Airtel has partnered with UK based in-flight solutions company AeroMobile to offer on-flight cell-phone connectivity to its customers.
Sunil Mittal-led Bharti Airtel has become the world's third largest mobile operator with 303 million subscribers.
Tata Motors, State Bank of India, UltraTech Cement, Tata Consultancy Services, Tata Steel and Asian Paints were among the other laggards from the 30-share pack. Maruti, Bharti Airtel, Power Grid, Hindustan Unilever and HDFC Bank were among the gainers.
Telecom major Bharti Airtel on Monday launched its 'Airtel Money' service, which will allow its subscribers to pay for groceries, bills and other dues through their mobile phones.
Telecom giant Bharti Airtel won the Indian cricket team's home series sponsorship rights for a period of three years.
Bharti may look at gaining market share pre-merger and benefit from a lower capex intensity
Bharti Airtel on Thursday launched fixed wireless phone services in the country and unveiled an offer for subscribers under which they need to pay only Rs 1.20 for a 3 minute call to all local and intra-circle mobiles.
Singapore's leading telecom operator Singtel on Monday said it was committed to the long-term potential of the Indian market and would consider raising its stake in India's largest mobile player Bharti Airtel at "right terms and conditions".
Telecom operators Bharti Airtel, Reliance Jio and Vodafone Idea on Tuesday submitted applications to participate in the Rs 3.92 lakh crore spectrum auction scheduled to start from March 1, according to official sources. This round of auction will be held for 2,251.25 Megahertz (MHz) in seven frequency bands -- 700 Mhz, 800 Mhz, 900 Mhz, 1800 Mhz 2100 Mhz, 2300 Mhz and 2500 Mhz -- at a cumulative base price of Rs 3.92 lakh crore. "Bharti Airtel, Reliance Jio and Vodafone Idea have submitted applications (for the spectrum auction)," an official source told PTI.
The companies are being probed into for alleged corruption in spectrum allocation during NDA regime.
Arbitrary decisions may have helped Bharti airtel and Idea Cellular get spectrum.
From the Sensex constituents, Tata Steel, Bajaj Finance, Bharti Airtel, Adani Ports, Eternal, Bajaj Finserv, NTPC, HDFC Bank, Reliance Industries and Axis Bank were among the major gainers. In contrast, Trent, State Bank of India, Tech Mahindra, Maruti and Mahindra & Mahindra were among the laggards.
In a jolt to telecom firms, the Supreme Court has dismissed a batch of pleas filed by companies, including Vodafone Idea and Bharti Airtel, seeking correction of alleged errors in the Adjusted Gross Revenue. A bench comprising Chief Justice D Y Chandrachud and Justices Sanjiv Khanna and B R Gavai also rejected the plea of telcos seeking to list the curative petitions for open court hearing.
The awards, presented by the online community Outsourcing Centre, are given for the world's best outsourcing arrangements.
From the 30-share Sensex pack, Bajaj Finance, Nestle India, Bajaj Finserv, Asian Paints, UltraTech Cement, Infosys, Maruti, Bharti Airtel and Hindustan Unilever were among the gainers. JSW Steel, Adani Ports, NTPC, State Bank of India, Reliance Industries, Tech Mahindra, Axis Bank, Titan and HDFC Bank were the laggards.
Bharti Airtel Ltd on Thursday said it is still in talks with South Africa's MTN over a deal which could see a merger of the two telecom giants with a combined revenue of $20 billion. The two companies would be in exclusive talks till July 31.
Zain Telecom on Wednesday said it would earn $3.3 billion from sale of its African assets to Bharti Airtel for $10.7 billion even as the Indian operator said the deal is well-priced.
Bharti Airtel, India 's leading mobile operator, said it could "move pretty quickly" if the board of MTN, the South Africa-based telecoms group, puts itself up for sale on Monday.
Bharti's ratings headroom is likely to improve with an equity infusion, planned asset sales and growing EBITDA from Africa.
Trai's recommendations should incentivise all serious operators to look at how to reach telephony to the hands of people living in villages which have a population of 500 or 1,000, which they would otherwise refrain from.
The eight-member SAARC region includes Bangladesh, Bhutan, Maldives, Nepal, Pakistan, India, Sri Lanka and Afghanistan. Gupta also hoped that the 3G auction would take place on time.
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 firms, Eternal, Tata Motors, State Bank of India, Adani Ports, NTPC, IndusInd Bank, Bajaj Finance, Asian Paints, Axis Bank and Sun Pharma were the major losers. Bharti Airtel, Tata Steel, Mahindra & Mahindra, Hindustan Unilever, Nestle and Maruti were among the gainers.
To add to company's 'three-screen' strategy of mobile phones, IPTV and broadband.
Promoters of India's top private listed companies have cut their stakes sharply since 2021, taking advantage of elevated valuations and reshaping ownership dynamics in the market. Holdings of promoters in the top 200 privately owned listed firms declined nearly 600 basis points (bps) to 37 per cent at the end of FY25, from 43 per cent in FY21.
Mahindra & Mahindra, Bharti Airtel, Tata Consultancy Services, Infosys, ICICI Bank, and ITC were the biggest laggards. Foreign portfolio investors (FPIs) offloaded equities worth Rs 4,294.69 crore on Friday, according to exchange data.
Having secured funding commitment for the now-aborted $23 billion MTN deal, Bharti Airtel is likely to look for other opportunities in South Africa and Asian markets.
While Airtel has hiked the limit to 100 per cent in principle, the company needs to address some issues on overseas investment limits in subsidiaries, before the changes come into effect. Until then, the cap on foreign ownership will remain at 49 per cent under the automatic route.
According to South Africa government officials, they are working closely with India through their respective finance ministries on the proposed deal between Bharti Airtel and MTN, including seeking exemption on a range of exchange controls regulations.
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.
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