While providing pan-India coverage for 4G, the towers are strategically located for the implementation of 5G, the release added
Bharti Airtel needs to overcome its resistance at Rs 780 for further upside; MTNL, Voda Idea can zoom up to 30%
On Monday TRAI released recommendations to usher commercial 5G service by recommending 25-50% cut in reserve price for airwaves in various bands
"My professionals will not send me anything that will compromise the company's governance. I will never ask anything of them which will compromise our governance," Mittal said
According to brokerages, Bharti Airtel could report 8-13.5 per cent QoQ rise in its ARPU to Rs 176-185.
CLOSING BELL: Hindalco tumbled 5 per cent, followed by Divis Labs, Apollo Hospitals, RIL, Wipro, Eicher Motors, Dr Reddy's Labs, and Cipla
Bharti Airtel along with its wholly-owned subsidiary has acquired about 4.7 per cent stake in Indus Towers from Euro Pacific Securities, an affiliate of Vodafone Group, a stock exchange filing said on Tuesday. The shares were acquired at Rs 187.88 a piece, it said. "...We wish to submit that the company, along with its wholly-owned subsidiary, Nettle Infrastructure Investments Limited, has acquired 127,105,179 equity shares (about 4.7 per cent) of Indus Towers at Rs 187.88 per share from Euro Pacific Securities Ltd., an affiliate of Vodafone Group Plc," Airtel said in a BSE filing. Last week, Bharti Airtel had said it will acquire 4.7 per cent stake in Indus Towers from Vodafone Group for about Rs 2,388 crore. Indus Towers, formerly Bharti Infratel, provides passive telecom infrastructure. It owns, deploys and manages telecom towers and communication structures for various mobile phone service operators. The company's portfolio of over 1,84,748 telecom towers makes it one of the .
The stock has gained 6 per cent in the last four trading sessions when compared with a 0.4 per cent gain on the benchmark.
After falling 537.11 points to a low of 56,825.09 in morning trade, the 30-share BSE barometer staged a recovery in afternoon trade and climbed 231.29 points or 0.40 per cent to settle at 57,593.49
The Airtel management indicated this at an investor meet last week.
Telecom operator Bharti Airtel's management has affirmed ambitions of Rs 300 ARPU with further tariff hikes and continued 'premiumisation' during a recent analyst meet, according to multiple reports
CLOSING BELL: Bharti Airtel, up 4 per cent, was the top gainer on the Nifty50 index, followed by Coal India, Axis Bank, Eicher Motors, ITC, SBI, ICICI Bank, HUL,IndusInd Bank, and Power Grid
PVR and INOX Leisure are likely to be in focus after the two mega multiplex owners announced an all-stock merger on Sunday.
Bharti Airtel has entered into an agreement to acquire over 7 per cent stake in Avaada KNShorapur for Rs 1.74 crore as cash consideration, the telecom company said in a regulatory filing on Sunday
This is the second such prepayment by Airtel in the last three months and comes on the back of strong cash flow generation, equity infusion and borrowing at significantly lower interest rates
Telecom operator Bharti Airtel on Friday said it has paid Rs 8,815 crore to the government towards part prepayment of deferred liabilities pertaining to spectrum acquired in the 2015 auction. The prepayment is for instalments due in FY2027 and FY2028, the Sunil Mittal-led telco said in a statement. "Airtel prepays Rs 8,815 crore to clear deferred liabilities for spectrum acquired in 2015," the company said. Over the last four months, Airtel has cleared Rs 24,334 crore of its deferred spectrum liabilities ahead of schedule. These liabilities carried an interest rate of 10 per cent and have been paid off through a combination of free cash generated by the business, equity proceeds, and significantly lower cost debt of a similar tenor. Airtel said it continues to focus on financial flexibility via its capital structure, including optimising the cost of financing and capitalising on all opportunities of significant interest saves, like the latest prepayment.
Low latency helps in streaming a very high volume of data with minimal delay
CLOSING BELL: The markets, however, ended mildly off highs as European markets dropped up to 1 per cent in early deals as investors monitored the war in Ukraine and fluctuations in commodity prices
Bharti Airtel and Axis Bank on Monday announced the launch of Airtel Axis Bank Credit Card as part of a strategic partnership to strengthen the growth of India's digital ecosystem
Closing Bell: Hindalco (up over 7 per cent), Tata Steel, Power Grid, JSW Steel, Coal India, BPCL, Titan Company, RIL, and Indian Oil Corporation were the biggest large-cap gainers on the bourses today