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.
Bharti Enterprises Group CFO Sarvjit S Dhillon said there is more clarity on the regulatory front now, which is a good sign for the industry.
Vodafone has to sell its entire stake in Airtel following new norms issued by government.
From the Sensex pack, Tata Motors, Asian Paints, HDFC Bank, JSW Steel, Hindustan Unilever, Nestle and Titan were the major laggards. In contrast, Bharti Airtel, Power Grid, NTPC, Mahindra & Mahindra, Larsen & Toubro and HCL Technologies were among the major gainers.
It is believed that apart from Bharti Airtel and Bharti Infratel, there are four players that have made a bid.
For Vittal, who will take over from the current CEO, Sanjay Kapoor, in March, reversing the telco's shrinking revenues and market share will be among the first of the challenges.
Given the ongoing economic turmoil, the DEA has raised concerns that the government may not be able to get the right value for its stake. TCIL has been seeking an exit route for over two years. It first wanted to get the company listed so that it could exit. However, the proposal was turned down by Bharti Airtel, which has 70 per cent stake.
Adani Ports was the biggest loser in the Sensex pack, declining 1.37 per cent, followed by ITC, Bharti Airtel, NTPC, Maruti, Asian Paints, Sun Pharma, Power Grid, Hindustan Unilever and Larsen & Toubro. In contrast, Bajaj Finserv, Bajaj Finance, IndusInd Bank, Tata Steel, Axis Bank and Tech Mahindra were among the gainers.
Bharti Airtel is rolling out last-mile connectivity with a target of reaching over 20 mn addressable households in 90-100 cities in the next 3 years
Airtel reported a 19 per cent rise in its ARPU in the March quarter, as it removed the non-paying users from its network.
Among the Sensex pack, Kotak Mahindra Bank, Bharti Airtel, IndusInd Bank, Tata Motors, ICICI Bank, Bajaj Finance, State Bank of India and Titan were the biggest laggards. Larsen & Toubro, Infosys, HDFC Bank, Tata Consultancy Services, HCL Technologies and Tata Steel were the biggest gainers.
The government has held back allocating additional spectrum to Bharti Airtel in Orissa, in view of the telecom tribunal's recent judgment that GSM operators have no vested right to get airwaves beyond 6.2 MHz.
Bharti hopes to make Airtel the country's most-admired brand by 2010. Has it done enough to rise above the clutter?
Many users did not know that their entitlement was not coming to their regular bank account but going to an account which they had not applied for.
A source at the CBI told Reuters that officials were likely to file charges related to the broader case as early as Friday but did not specify whether those might included Bharti.
The idea is to reduce capital investments and improve profitability.
Contractor, Nayak & Kishnadwada, the chosen audit agency, has told DoT in a letter that Bharti has started providing some of the pending information, which is being verified.
The 50 million customers span mobile, broadband and fixed telephone services, with wireless segment estimated to be contributing as much as 96 per cent (47.99 million) of the total base.
Among the 30 Sensex companies, Reliance Industries, Bharti Airtel, UltraTech Cement, Sun Pharma, Adani Ports, Axis Bank, NTPC and Bajaj Finance were the biggest gainers. Mahindra & Mahindra, Tata Steel, Tech Mahindra and JSW Steel were among the laggards.
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.
Bharti Enterprises, the holding company of Bharti Airtel and other businesses such as insurance and retail is aiming to achieve $10 billion revenue by 2010 and become a strong conglomerate a decade later, its chairman Sunil Mittal said on Monday.
Four of the 10 most valued domestic firms together added a whopping Rs 231,320.37 crore in market valuation last week, with market heavyweight Reliance Industries contributing the most to the overall gains. Last week, the Sensex jumped 884.57 points or 1.61 per cent. While TCS, Infosys and ICICI Bank were the other gainers from the top-10 pack, HDFC Bank, HUL, LIC, SBI, HDFC and Bharti Airtel faced erosion from their market valuation.
From the 30 Sensex firms, Mahindra & Mahindra, State Bank of India, Bharti Airtel, Hindustan Unilever, Kotak Mahindra Bank, UltraTech Cement, Adani Ports, and Tata Steel were the biggest gainers. ICICI Bank, IndusInd Bank, Asian Paints, Tech Mahindra, Infosys, HCL Technologies, Tata Consultancy Services, and Larsen & Toubro were among the laggards.
The two also met corporate affairs minister Salman Khurshid, who asked them to keep his ministry in the loop.
Demanding a level playing field for the old operators, Bharti group chief Sunil Mittal told PTI: 'our view is that the spectrum given to us and other operators from time to time is under a policy and there is no question of any additional payment for this.'
Among the 30 Sensex companies, UltraTech Cement, Larsen & Toubro, Tata Motors, Nestle, Tata Steel, Hindustan Unilever, Bajaj Finance, Reliance Industries, Mahindra & Mahindra and State Bank of India were the biggest laggards. In contrast, Bharti Airtel, Infosys, JSW Steel, Tata Consultancy Services, Wipro and NTPC were among the biggest gainers.
Amit A Shah holds a stake in 180 listed entities, according to data disclosed in his election affidavit.
A new dimension will be added to the India's growth story by Bharti Airtel's acquisition of Kuwait's Zain Telecom, besides enhancing the country's brand equity
The revenue for Q1 FY21 came in at Rs 23,939 crore, up 15.4 per cent from year-ago period.
The company is also in discussions with state-run telecom major BSNL for sharing passive infrastructure across the country, Bharti Airtel's President Manoj Kohli told reporters after announcing the second quarter results. The company intends to have a minority stake in its tower company after the demerger.
The Indian telecom giant has offered to buy all of the company's African operations except in Sudan and Morocco for $10.7 billion.
Benchmark Sensex rose by nearly 91 points to close at a fresh lifetime high while Nifty settled above the 25,400 level for the first time supported by firm global trends ahead of the much-awaited US Fed's decision on interest rates. Extending its record-setting spree for the second day, the 30-share BSE Sensex climbed 90.88 points or 0.11 per cent to settle at a lifetime high of 83,079.66. During the day, it rose by 163.63 points or 0.19 per cent to 83,152.41.
Airtel is offering three packs: the Breakfree plan for Rs 999 for free data usage quota of six GB (giga bytes), the Breakfree Max plan worth Rs 1,399 with free data usage of nine GB, and the Breakfree Ultra plan worth Rs 1,999 allowing free data usage of up to 18 GB.
"The enterprise valuation has been agreed to be in the range of $10-12.5 billion and the final valuation will be determined on the basis of Bharti Infratel's actual operating performance in 2008-09," a Bharti statement said.
Admitting a report of MRTPC's investigative unit DGIR, a Bench of the quasi-judicial body, headed by Justice O P Dwivedi, issued 'notice of enquiry' and started judicial inquiry against these operators for cartelising and increasing prices of telecom services simultaneously. Admitting a report of MRTPC's investigative unit DGIR, a Bench of the quasi-judicial body, headed by Justice O P Dwivedi, issued 'notice of enquiry' and started judicial inquiry against these operators.
The Commission was critical of the fact that the information relating to subscribers, which was confidential and lying with mobile companies, was being passed on to telemarketing agencies without the users' consent.
Firstsource will provide a suite of BPO services covering both voice and back-office in areas such as customer accounting, VAS provisioning, fraud and credit monitoring, the company said on Wednesday. The company will also set up centres in Vashi and Chennai for Airtel and expects to have over 1,000 employees in the first year focussed on providing services in English and eight other regional languages to Airtel's customers.
Confirming the SOX compliance exercise, a senior Bharti group executive, however, denied that the company was considering a foreign listing.
