Bharti Airtel on Monday reported a 168 per cent year-on-year rise in consolidated net profit to Rs 3,593 crore for the September quarter, and the company unveiled top-level changes, including Gopal Vittal moving into the role of executive vice chairman on January 1, 2026. India's second-largest telco - that competes with Reliance Jio and Vodafone Idea in the Indian telecom market - clocked quarterly revenues of Rs 41,473 crore, 12 per cent higher than the year-ago period, aided by strong momentum in India and growth in Africa.
British telecom player Vodafone on Wednesday said it has sold an 18 per cent stake in Indus Towers for 1.7 billion euro (about Rs 15,300 crore). Meanwhile, Bharti Airtel has increased its stake by acquiring 2.69 crore shares, representing a 1 per cent stake, in Indus Towers. The shares were acquired by Airtel at an average price of Rs 320 apiece, taking the transaction value to Rs 862.38 crore, as per the bulk deal data.
If he bets big, billionaire Mukesh Ambani will emerge from this week's airwave auction armed with spectrum that could make his Reliance Industries Ltd a formidable rival to market leaders Bharti Airtel Ltd and Vodafone Group.
The police had filed charges in December against Bharti Airtel and Vodafone's India unit.
Bharti Airtel said net sales rose 7.9 per cent
Bharti Airtel Ltd led the signings, adding 2.73 million subscribers in February to take its mobile customer base to 91 million. Vodafone Essar Ltd, controlled by Britain's Vodafone, added 2.5 million users in the month, to take its subscriber base to 65 million, data from the Cellular Operators Association of India showed.
KKR has committed to investing around Rs 1,000 crore in Bharti Infratel, through KKR's Asia private equity fund and global private equity fund.
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.
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.
Nasscom will float a Rs 100 cr fund to help individuals and small companies in setting up and innovating their business. Tata Consultancy Services, Bharti Airtel Ltd and ICICI Knowledge Park to be key investors.
"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.
Thirty stocks from various sectors form the Sensex.
The stake, which is valued at Rs 8,200 crore at the company's current market capitalisation, will be sold by one of the group companies of Bharti Enterprises.
The Telecom Commission is considering imposing fines of Rs 400 crore (Rs 4 billion) on seven telecom service providers for delay in commissioning of services. A note for this purpose was put up for consideration last month.
Leading telecom service provider, Bharti Airtel Ltd on Friday posted a 79 per cent increase in net profit at Rs 934 crore (Rs 9. 34 billion) for the quarter ended September 30 as compared to the corresponding quarter last year.
A total of 41 companies had applied for the permit
India's leading mobile operator Bharti Airtel Ltd will invest Rs 200 crore (Rs 2 billion) in Jammu and Kashmir during 2006-07 as part of moves to double its subscriber base in the state.
Leading telecom operator Bharti Airtel Ltd on Thursday posted a 49 per cent increase in net profit at Rs 682 crore (Rs 6.82 billion) for the fourth quarter ended March 31, 2006, riding on strong customer additions.
The tariff war has now spread to all possible sections, with Anil Ambani group company Reliance Infocom on Wednesday announcing a 36 per cent reduction in ISD rates to all Gulf countries at Rs 6.99 a minute.
Mittal's salary in 2019-20 was Rs 26.97 crore, unchanged from the previous fiscal year. However the value of perquisites was Rs 99.8 lakh, down from Rs 1.87 crore a year back. His retirement benefits were unchanged at Rs 2.15 crore.
Bharti Airtel Ltd, India's top telecommunications carrier, said on Friday it had bought out Qualcomm Inc's stake from a fourth-generation (4G) broadband joint venture in the country, taking full ownership of the business more than a year earlier than planned.
Bharti Airtel operates in 20 countries across Asia and Africa and is the world's fourth-biggest cellular carrier by customers
Telecoms investor Aditya Birla Nuvo Ltd and retailer Future Group were among the first big names to apply for licenses to run so-called payments banks
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.
Spectrum auction ends, brings Rs 1.09 tln to govt kitty.
VoIP services include communications applications such as Skype, Line and Viber
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The Department of Telecom on Tuesday approved applications of telecom companies -- Reliance Jio, Bharti Airtel, Vodafone Idea and MTNL -- for conducting 5G trials but none of them will be using technologies of Chinese entities. The list of telecom gear makers approved for trials include Ericsson, Nokia, Samsung, C-DOT and Reliance Jio's indigenously developed technologies.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
New Delhi is also set to top its target of raising at least $13 billion.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Buoyed by excellent response in December, hopes to raise a total of 1 billion to refinance notes due end-2018.
The online strategy cuts down on marketing and distribution costs, allowing Xiaomi to sell feature-rich phones at low prices.
Two years ago, the number was 4,000, according to Indian businessmen.
BSE Smallcap index outperformed the frontline indices to rise 0.6%, while the BSE Midcap was flat
Telcos may hike mobile rates to recover spectrum cost: Moody's
The entry of the deep-pocketed conglomerate is expected to heighten competition.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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