Page 27 - Bharti Airtel
Telecom stocks rally; Vodafone Idea surges 17%, Bharti Airtel up 2%
The telecom companies are awaiting the Supreme Court's judgement in the adjusted gross revenue (AGR) case
 "Telecom stocks rally; Vodafone Idea surges 17%, Bharti Airtel up 2%")
F&O expiry: Indices gain for 5th day, Nifty above 11,550; DLF advances 10%
All that happened in the markets today
 "F&O expiry: Indices gain for 5th day, Nifty above 11,550; DLF advances 10%")
CCI approves Carlyle Group's stake acquisition in Airtel's data centre biz
The Competition Commission of India (CCI) on Wednesday said it has approved acquisition of compulsorily convertible preference shares and equity shares in Airtel's data centre business, Nxtra Data, by Carlyle Group's Comfort Investments II. The Carlyle Group in July said it will acquire about 25 per cent stake in Nxtra Data Ltd for USD 235 million (about Rs 1,780 crore). This will peg the enterprise valuation of Nxtra Data at USD 1.2 billion, which is over Rs 9,084 crore. On completion of the deal, Carlyle will hold about 25 per cent stake in the business, with Airtel continuing to hold the remaining stake of about 75 per cent. In a tweet, the regulator said it "approves proposed acquisition of compulsorily convertible preference shares & equity shares in Nxtra Data Limited @NxtraDataLtd by Comfort Investments II of Carlyle Group." Nxtra Data is a fully-owned subsidiary of Bharti Airtel Ltd and provides data centre colocation services through its 10 data centres located in India,
 "CCI approves Carlyle Group's stake acquisition in Airtel's data centre biz")
Jio unlikely to increase tariffs the way incumbent operators are thinking
Bharti Airtel's Sunil Mittal says that, to his mind, Average Revenue Per User or ARPUs need to hit Rs 300, or double Airtel's current figure, if the industry is to stabilize
 "Jio unlikely to increase tariffs the way incumbent operators are thinking")
Top headlines: Digital shoppers for sales turnaround; Jobs market dwindle
From firms eyeing sales turnaround with digital shoppers to Airtel is stretching frontiers of competition, here are top headlines of the day
 "Top headlines: Digital shoppers for sales turnaround; Jobs market dwindle")
Sunil Mittal hints at mobile services price hike, low rates not sustainable
Bharti Airtel chairman Sunil Bharti Mittal on Monday hinted at an increase in mobile services prices in the next six months, saying that data at low rates is not sustainable for the telecom industry.
 "Sunil Mittal hints at mobile services price hike, low rates not sustainable")
Will cancel spectrum allocation if telcos don't pay AGR dues: SC
On the last day of hearing on Monday, the apex court reserves its judgment
 "Will cancel spectrum allocation if telcos don't pay AGR dues: SC")
Airtel is stretching frontiers of competition with a three-pronged attack
The country's second largest mobile services operator is launching a three-pronged attack in the battle to provide cost-effective, high-speed internet connectivity
 "Airtel is stretching frontiers of competition with a three-pronged attack")
'It's a double whammy': Telcos want govt to waive service tax on AGR
Service tax demand can go up to Rs 20,000 crore
 "'It's a double whammy': Telcos want govt to waive service tax on AGR")
Trai mulls show cause notice against Vodafone Idea on priority plan issue
Airtel - which has stopped onboarding new customers on its platinum offering after an earlier Trai directive - may not be served a show-cause notice
 "Trai mulls show cause notice against Vodafone Idea on priority plan issue")
AGR case: Supreme Court puts spectrum users in the dock on IBC firms' dues
Such telcos should pick up AGR bill, says apex court
 "AGR case: Supreme Court puts spectrum users in the dock on IBC firms' dues")
Top headlines: Future to discuss merger plan, Facebook summoned, and more
From Airtel readying to take on Jio to Kerala govt and Centre on collision course over privatisation of airport, here are the top headlines this morning
 "Top headlines: Future to discuss merger plan, Facebook summoned, and more")
Bharti Airtel gets ready to take on Reliance Jio in 5G vRAN space
Tech to be tested once spectrum is available
 "Bharti Airtel gets ready to take on Reliance Jio in 5G vRAN space")
AGR case: Supreme Court fears bankruptcy proceedings may consume dues
Justice Mishra observed under the IBC spectrum trading was different from spectrum sale
TRAI asks Airtel, Vodafone Idea to submit pending data on priority plans
The regulator recently sent reminders to the two companies to submit the additional data to back their claims, the source told PTI
 "TRAI asks Airtel, Vodafone Idea to submit pending data on priority plans")
MARKET WRAP: Sensex gains 173 pts as auto, IT, and metal stocks advance
All that happened in the markets today
 "MARKET WRAP: Sensex gains 173 pts as auto, IT, and metal stocks advance")
MARKET: Sensex slips 433 pts ahead of AGR hearing; Nifty Bank down over 2%
All that happened in the markets today
 "MARKET: Sensex slips 433 pts ahead of AGR hearing; Nifty Bank down over 2%")
Telecom stocks trade flat ahead of today's SC hearing on AGR payments
In its last hearing, the SC had asked the Centre to prepare a plan for recovering AGR dues from bankrupt telecom operators
Confusion over MSCI weightage triggers volatility in Bharti Airtel
The stock recouped most of the day's losses after some brokerages pointed out that the reduction in weightage could be on account of an error in computation
 "Confusion over MSCI weightage triggers volatility in Bharti Airtel")
Digital offerings growing area of investment for every telco: Report
Digital offerings represent a "growing area of investment" for every telecom company, with Reliance Jio leading the way, according to an analyst report
 "Digital offerings growing area of investment for every telco: Report")
