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Bharti Airtel Q1 net profit flat at ₹1,612 crore, revenue rises 14%

The revenue for the just-ended quarter was 14 per cent higher at ₹37,440 crore compared to the year-ago.

business

Published on Aug 03, 2023 07:16 PM IST

PTI |

5G keeps up the pace, as price wars may belatedly transform home broadband

Even as India’s 5G map lights up faster than expected, it raises a few pertinent questions, about 5G coverage, tariff changes, and wireless home broadband

Bharti Airtel and Reliance Jio have sustained remarkable 5G network roll-out speed across telecom circles(Representational Image)

technology

Published on May 23, 2023 08:40 PM IST

ByVishal Mathur

Airtel to increase mobile phone call, data rates across all plans this year

Responding to a query on the need for a tariff hike when the company's balance sheet is healthy, he said the return on capital in the telecom business is very low and a tariff hike is expected this year.

A girl checks her mobile phone as she walks past the Bharti Airtel office building in Gurugram, on the outskirts of New Delhi.(REUTERS)

business

Published on Feb 28, 2023 05:43 PM IST

PTI |

Airtel acquires strategic stake in Bengaluru-based tech start-up Lemnisk

Telecom operator Bharti Airtel on Tuesday announced that it has acquired a "strategic stake" in Lemnisk (Immensitas Private Limited) under its Start-Up Accelerator Programme.

The program gives start-ups the opportunity to deploy their technologies and applications at a massive scale.(Bloomberg)

bengaluru news

Published on Dec 21, 2022 07:45 AM IST

ANI | | Posted by Yamini C S

Airtel powers swanky new terminal in Bengaluru airport with ultrafast 5G Plus

Bharti Airtel announces launch of its Airtel 5G Plus services at the new Terminal of the Kempegowda International Airport, Bengaluru.

According to officials, customers can now enjoy blazing speeds on their mobile phones while they are at the arrival and departure terminals, lounges, boarding gates, migration and immigration areas, security gates, baggage claim belt areas etc. (REUTERS)

bengaluru news

Published on Nov 04, 2022 10:11 AM IST

ANI | | Posted by Yamini C S

Over 1 million registrations for 5G network since launch: Airtel

The telecom operator commenced its Airtel 5G Plus network in 4 cities on October 6.

Airtel 5G Plus services are available in 8 cities

technology

Published on Nov 02, 2022 04:13 PM IST

ByHT News Desk, New Delhi

Bharti Airtel reports 22 per cent rise in Q2 revenue: Report

The company's consolidated revenue from operations was 345.27 billion Indian rupees ($4.17 billion) for the three months ended Sept. 30, compared with 283.26 billion rupees a year ago.

A Bharti Airtel office building is pictured in Gurugram on the outskirts of New Delhi.(REUTERS)

business

Published on Oct 31, 2022 04:16 PM IST

Reuters | | Posted by Aryan Prakash

Xsafe, Airtel's home surveillance system, launched in 40 cities

Under this, India's largest telecom company offers three different cameras: a sticky cam, a 360-degree camera, and an active defence camera.

technology

Published on Sep 26, 2022 05:55 PM IST

ByHT News Desk, New Delhi

Airtel to launch 5G services this month, CEO spells out 2024 vision

“We intend to launch 5G starting August and extend to a Pan India roll out very soon. By March 2024 we believe we will be able to cover every town and key rural areas as well with 5G,” Airtel's managing director (MD) and chief executive office (CEO) Gopal Vittal said.

Recently, Airtel reported an over five-fold rise in its consolidated profit to <span class='webrupee'>₹</span>1,607 crore for the first quarter that ended June 30.(Reuters)

technology

Updated on Aug 09, 2022 07:39 PM IST

ByHarshit Sabarwal | Edited by Sohini Goswami, New Delhi

Airtel prepays ₹8,815 crore as deferred liabilities for 2015 spectrum

In a statement, the Sunil Mittal-led telcom major said the payment is for instalments due in FY2027 and FY2028.

Bharti Airtel Ltd (Image used only for representation)

business

Published on Mar 25, 2022 09:56 AM IST

PTI | , New Delhi

Google to invest $1 bn in Airtel to boost India play

Alphabet Inc., the parent of Google, will buy a 1.28% stake in Bharti Airtel for $700 million and invest $300 million over the next five years in commercial arrangements.

People walk by a Google sign on the company's campus in Mountain View, California

business

Published on Jan 29, 2022 05:00 AM IST

ByGulveen Aulakh, New Delhi

Sensex: ICICI Bank, Reliance Industries among gainers; Asian Paints slumps

ICICI Bank's net profit saw a year-on-year growth of 25% to ₹10,060 crore in the third quarter of 2021-22 fiscal ending December 31. Meanwhile, Reliance Industries' subsidiary Reliance Retail reported a 23.81% rise in its consolidated pre-tax profit at ₹3,822 crore during the same period.

ICICI Bank's net interest income saw a rise of 23% year-on-year to <span class='webrupee'>₹</span>12,236 crore ($1.6 billion) between October and December 2021 from <span class='webrupee'>₹</span>9,912 crore ($1.3 billion) in the corresponding period of last fiscal.(Dhiraj Singh/Bloomberg)

business

Updated on Jan 24, 2022 07:27 PM IST

Written by Sharangee Dutta | Edited by Amit Chaturvedi, New Delhi

India's Bharti Airtel in talks to buy majority stake in Dish TV: Report

Airtel is looking to buy 5.93% stake from Dish TV's promoter group and 25.63% stake owned by Yes Bank Ltd, the report said. The lender is the largest shareholder, according to Refinitiv data.

According to a Mint report, Airtel executives have held talks with Dish TV parent Essel Group's founder Subhash Chandra after accounting firm EY submitted a due diligence report to Airtel on October 25.(REUTERS)

business

Published on Dec 02, 2021 02:42 PM IST

Reuters | | Posted by Sharangee Dutta, Hindustan Times, New Delhi

Jio announces hike in prepaid tariffs, to come into effect from December 1

The announcement from India's largest mobile operator comes days after Bharti Airtel and Vodafone Idea also implemented a tariff hike, signalling an end of the low tariff regime in the telecom sector.

JioPhone Plan, Unlimited Plans, and data add on, will be impacted by the latest increase in tariff ranging from 19.6 per cent to 21.3 per cent.(Bloomberg File Photo)

business

Published on Nov 28, 2021 08:08 PM IST

Byhindustantimes.com

Bharti Airtel’s ₹21,000-crore rights issue opens today

Bharti Airtel is the second largest telcom company in the Indian telecom market, next to Reliance Jio, with a mobile user base of 35.2 crore.

In a rights issue, a company offers rights to its existing share holders to buy additional shares.(Reuters)

business

Published on Oct 05, 2021 12:32 PM IST

Written by Susmita Pakrasi | Edited by Amit Chaturvedi

Sensex drops 125 points to close day in red at 59,016; Nifty ends session at 17,

Kotak Bank was the top gainer in the Sensex pack, rising over 5 per cent, followed by Bharti Airtel, HDFC Bank, Maruti, Axis Bank and Nestle India.

Tata Steel, SBI, TCS and Reliance Industries were among the laggards in the sensex pack.

business

Updated on Sep 17, 2021 04:51 PM IST

PTI | | Posted by Sharangee Dutta, Hindustan Times, New Delhi

Airtel loaded with extraordinary debt, won't shy away from hiking prices: Mittal

The remarks come a day after Bharti Airtel's board approved plan to raise $2.86 billion by selling shares to existing shareholders ahead of the rollout of its 5G network.

File photo of chairman of Bharti Airtel Sunil Mittal.(HT File Photo)

business

Published on Aug 30, 2021 04:10 PM IST

Byhindustantimes.com | Written by Amit Chaturvedi, Hindustan Times, New Delhi

Bharti Airtel buys airwaves worth $2.6 billion at spectrum auction

The carrier, led by billionaire Sunil Mittal, acquired 355.45 megahertz airwaves across multiple spectrum bands for 186.99 billion rupees ($2.55 billion), according to a statement from the company Tuesday.

A Bharti Airtel office building is pictured in Gurugram on the outskirts of New Delhi, India.(Reuters)

business

Published on Mar 02, 2021 04:03 PM IST

Bloomberg |

Bharti Airtel ties up with Qualcomm for 5G services in India

The country's second-largest telecom operator said it will use Qualcomm's 5G RAN platforms to roll out virtualized and open RAN-based 5G networks.

business

Updated on Feb 23, 2021 03:37 PM IST

Reuters |

Airtel's final call on foreign currency bonds issuance post-meet with investors

The Bharti Airtel board had earlier this month approved fundraising plan of up to ₹7,500 crore via debt instruments such as debentures and bonds, in one or more tranches.

Airtel's fundraising plan comes at a time when the government has set the ball rolling for the upcoming spectrum auction, in which radio waves valued at <span class='webrupee'>₹</span>3.92 lakh crore will be put on the block.(File photo)

business

Published on Feb 22, 2021 06:13 PM IST

PTI | , New Delhi

Six of top-10 most valued firms add over ₹1.13 lakh crore

Reliance Industries Ltd (RIL), Tata Consultancy Services (TCS), HDFC Bank, Infosys, ICICI Bank and Bharti Airtel were the gainers.

People walk past the Bombay Stock Exchange (BSE) building in Mumbai, Monday,(PTI)

business

Published on Jan 17, 2021 10:59 AM IST

PTI |

Sensex, Nifty climb new peaks in opening trade

The BSE gauge Sensex surged 288.55 points or 0.62 per cent to trade at 46,551.72; while the NSE barometer Nifty climbed 82.70 points or 0.61 per cent to 13,650.55 in early deals – record highs for both benchmarks.

In the Sensex pack, Mahindra and Mahindra, Asian Paints, Tata Steel, Bajaj Finance, ONGC and HDFC were the prominent gainers.(Hindustan Times Media)

business

Updated on Dec 16, 2020 10:23 AM IST

Mumbai, Maharashtra | ByPress Trust of India | Posted by Shivani Kumar

Shares fall as investors book profits after sharp rally

By 0502 GMT, the blue-chip NSE Nifty 50 index fell 0.61% to 13,476 and the benchmark S&P BSE Sensex slid 0.66% to 45,945.68.

An equity advisor watches share prices at a financial consultants' firm in Mumbai.(AP)

business

Updated on Dec 15, 2020 11:43 AM IST

Bengaluru | ByReuters | Posted by Shivani Kumar

Market capitalisation of eight of top 10 most valuable firms zoom Rs 1.53 lakh crore

The list of gainers included Reliance Industries Ltd (RIL), Tata Consultancy Services, Hindustan Unilever Ltd, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank and Bharti Airtel, while HDFC Bank and Bajaj Finance witnessed erosion from their valuation.

The valuation of ICICI Bank gained Rs 9,031.76 crore to Rs 3,55,529.51 crore.(File Photo)

business

Published on Dec 13, 2020 12:27 PM IST

New Delhi | ByPress Trust of India | Posted by Nilavro Ghosh

Mukesh Ambani, Sunil Mittal differ on 5G rollout timeline

Ambani, who controls India’s largest telecom service provider Reliance Jio Infocomm Ltd, said his company is ready to offer fifth-generation wireless service by the second half of 2021.

Ambani said India requires policy developments for early rollout of 5G services and added that Reliance Jio has built an indigenous 5G solution and will lead the rollout in India.(Reuters file photo)

business

Updated on Dec 09, 2020 04:45 AM IST

Livemint, New Delhi | ByIshita Guha

Five of top 10 most valued firms lose together Rs 91,699 cr m-cap; RIL worst hit

RIL was leading the chart of top-10 most valued firms, followed by TCS, HDFC Bank, Hindustan Unilever Ltd, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank, Bajaj Finance and Bharti Airtel.

RIL’s market valuation tumbled by Rs 60,829.21 crore to Rs 12,23,416.97 crore.(REUTERS)

business

Published on Nov 29, 2020 02:26 PM IST

New Delhi | ByPress Trust of India | Posted by Deepali Sharma

Tariff hike needed as pricing ‘unsustainable’, market condition to drive decision: Bharti Airtel’s Sunil Mittal

On the issue of whether or not Chinese telecom equipment vendors will be allowed to participate in next-generation 5G networks, Mittal said the larger question is that of the nation’s decision and asserted “what the country decides will be accepted by everyone”.

Chairman of Bharti Airtel Sunil Mittal.(HT file photo)

business

Updated on Nov 23, 2020 06:03 AM IST

Delhi | ByPress Trust of India | Posted by Shivani Kumar

Favour localisation of data: Truecaller to JPC

The JPC has met several industry leaders such as Amazon, Google, Twitter, Facebook, Paytm, Reliance Jio, Ola, Uber and Bharti Airtel over last two weeks to discuss the nuances of the Data Protection Bill.

The person cited above told HT that while Airtel, Jio, Ola and Paytm have supported data localisation, Truecaller is the first international firm to back the move.

india news

Published on Nov 07, 2020 06:12 AM IST

Hindustan Times, New Delhi | ByDeeksha Bhardwaj

Bharti Airtel bats for hike in voice and data tariffs

Airtel now has 440 million users in 16 countries. Vittal said the company is studying the low-cost smartphone space, adding the telco is yet to decide on an approach and is focusing on migrating its 2G/3G customers to 4G network.

Bharti Airtel CEO Gopal Vittal did not give a timeline for a tariff hike, but expressed confidence about higher prices in future(Mint Photo)

business

Published on Oct 29, 2020 08:01 AM IST

Mint, New Delhi | ByIshita Guha

Sensex dives 600 points, Nifty cracks below 11,730

After hitting a low of 39,774.60 during the day, the 30-share BSE index ended 599.64 points or 1.48 per cent lower at 39,922.46.Similarly, the broader NSE tanked 159.80 points or 1.34 per cent to close at 11,729.60.

Airtel was the biggest boost to the Nifty, jumping as much as 12.6% after the telecom operator reported a smaller quarterly loss on Tuesday.(Reuters)

business

Updated on Oct 28, 2020 04:09 PM IST

Mumbai | ByPress Trust of India | Posted by Niyati Singh

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bharti airtel news

Latest from bharti airtel

The revenue for the just-ended quarter was 14 per cent higher at ₹37,440 crore compared to the year-ago.

Even as India’s 5G map lights up faster than expected, it raises a few pertinent questions, about 5G coverage, tariff changes, and wireless home broadband

Responding to a query on the need for a tariff hike when the company's balance sheet is healthy, he said the return on capital in the telecom business is very low and a tariff hike is expected this year.

Telecom operator Bharti Airtel on Tuesday announced that it has acquired a "strategic stake" in Lemnisk (Immensitas Private Limited) under its Start-Up Accelerator Programme.

Bharti Airtel announces launch of its Airtel 5G Plus services at the new Terminal of the Kempegowda International Airport, Bengaluru.

The telecom operator commenced its Airtel 5G Plus network in 4 cities on October 6.

The company's consolidated revenue from operations was 345.27 billion Indian rupees ($4.17 billion) for the three months ended Sept. 30, compared with 283.26 billion rupees a year ago.

Under this, India's largest telecom company offers three different cameras: a sticky cam, a 360-degree camera, and an active defence camera.

“We intend to launch 5G starting August and extend to a Pan India roll out very soon. By March 2024 we believe we will be able to cover every town and key rural areas as well with 5G,” Airtel's managing director (MD) and chief executive office (CEO) Gopal Vittal said.

In a statement, the Sunil Mittal-led telcom major said the payment is for instalments due in FY2027 and FY2028.

Alphabet Inc., the parent of Google, will buy a 1.28% stake in Bharti Airtel for $700 million and invest $300 million over the next five years in commercial arrangements.

ICICI Bank's net profit saw a year-on-year growth of 25% to ₹10,060 crore in the third quarter of 2021-22 fiscal ending December 31. Meanwhile, Reliance Industries' subsidiary Reliance Retail reported a 23.81% rise in its consolidated pre-tax profit at ₹3,822 crore during the same period.

Airtel is looking to buy 5.93% stake from Dish TV's promoter group and 25.63% stake owned by Yes Bank Ltd, the report said. The lender is the largest shareholder, according to Refinitiv data.

The announcement from India's largest mobile operator comes days after Bharti Airtel and Vodafone Idea also implemented a tariff hike, signalling an end of the low tariff regime in the telecom sector.

Bharti Airtel is the second largest telcom company in the Indian telecom market, next to Reliance Jio, with a mobile user base of 35.2 crore.

Kotak Bank was the top gainer in the Sensex pack, rising over 5 per cent, followed by Bharti Airtel, HDFC Bank, Maruti, Axis Bank and Nestle India.

The remarks come a day after Bharti Airtel's board approved plan to raise $2.86 billion by selling shares to existing shareholders ahead of the rollout of its 5G network.

The carrier, led by billionaire Sunil Mittal, acquired 355.45 megahertz airwaves across multiple spectrum bands for 186.99 billion rupees ($2.55 billion), according to a statement from the company Tuesday.

The country's second-largest telecom operator said it will use Qualcomm's 5G RAN platforms to roll out virtualized and open RAN-based 5G networks.

The Bharti Airtel board had earlier this month approved fundraising plan of up to ₹7,500 crore via debt instruments such as debentures and bonds, in one or more tranches.

Reliance Industries Ltd (RIL), Tata Consultancy Services (TCS), HDFC Bank, Infosys, ICICI Bank and Bharti Airtel were the gainers.

The BSE gauge Sensex surged 288.55 points or 0.62 per cent to trade at 46,551.72; while the NSE barometer Nifty climbed 82.70 points or 0.61 per cent to 13,650.55 in early deals – record highs for both benchmarks.

By 0502 GMT, the blue-chip NSE Nifty 50 index fell 0.61% to 13,476 and the benchmark S&P BSE Sensex slid 0.66% to 45,945.68.

The list of gainers included Reliance Industries Ltd (RIL), Tata Consultancy Services, Hindustan Unilever Ltd, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank and Bharti Airtel, while HDFC Bank and Bajaj Finance witnessed erosion from their valuation.

Ambani, who controls India’s largest telecom service provider Reliance Jio Infocomm Ltd, said his company is ready to offer fifth-generation wireless service by the second half of 2021.

RIL was leading the chart of top-10 most valued firms, followed by TCS, HDFC Bank, Hindustan Unilever Ltd, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank, Bajaj Finance and Bharti Airtel.

On the issue of whether or not Chinese telecom equipment vendors will be allowed to participate in next-generation 5G networks, Mittal said the larger question is that of the nation’s decision and asserted “what the country decides will be accepted by everyone”.

The JPC has met several industry leaders such as Amazon, Google, Twitter, Facebook, Paytm, Reliance Jio, Ola, Uber and Bharti Airtel over last two weeks to discuss the nuances of the Data Protection Bill.

Airtel now has 440 million users in 16 countries. Vittal said the company is studying the low-cost smartphone space, adding the telco is yet to decide on an approach and is focusing on migrating its 2G/3G customers to 4G network.

After hitting a low of 39,774.60 during the day, the 30-share BSE index ended 599.64 points or 1.48 per cent lower at 39,922.46.Similarly, the broader NSE tanked 159.80 points or 1.34 per cent to close at 11,729.60.

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