Bharti Airtel surged 11% to its 52-week high of Rs 397 on the BSE in intra-day trade
The deal will bolster Airtel's footprint with additional spectrum in the 1800 MHz band
Since January 25, from its recent low of Rs 312, the stock rallied 19% to Rs 370 as compared to 2% rise in Sensex.
Shares of the company were trading 1.04% down at Rs 348.50 apiece on BSE
Airtel has also alleged that Reliance Jio is abusing its dominant position
To avail the offers of 'Airtel Surprises', customers need to log on to broadbandsurprises section on the Airtel website and unlock their 'surprise'
Bharti's revenue fell 3 percent to Rs 23364 crore over the past three months, due to cheaper voice and data tariff
Net down 55% y-o-y, the biggest decline in 16 quarters; revenue down 3%
High competition in the sector and impact of the govt's demonetisation move seen as the main reasons
7.25% for savings accounts; plan is to have 600,000 banking points by year-end
Payments banks can take deposits and remittances but are not allowed to lend
He had previously worked with Airtel from 2010 to 2014
The new package sparked concerns that intensifying competition will hit profits and margins in the sector
Offer will close on Feb 28; prepaid users will get free 3GB data with Rs 345 recharge
Proposed buyout deal a step towards consolidation in face of Reliance Jio's entry into the sector
Bharti Airtel was up 5% to Rs 316, while Idea Cellular up 4% to Rs 76 and Reliance Communication up 3% at Rs 36 on BSE.
First payments bank to go live; to offer interest rate of 7.25 per cent per annum on deposits in savings bank
It'll reduce debt, boost muscle to take on Reliance Jio, bring down Airtel discount due to Infratel
Venkatesh takes over from Rohit Malhotra, who was with the company in various senior roles for over nine years.
Airtel has bought Zain Telecom's assets in 17 African countries in 2010 for $10.7 billion