Bharti Airtel prepays spectrum dues worth ₹8,465 cr
Spectrum was acquired in 2016 and these liabilities carried an interest rate of 9.3%, says Airtel
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September 2024
August 2024
June 2024
Bharti Hexacom gets rating upgrade from Jefferies; stock surges 155% in 5 months
The telecom stock rallied 13% today to hit a fresh record high of ₹1,454; shares are up 155% against its IPO issue price of ₹570 apiece.
Airtel expands home Wi-Fi across J&K, Leh-Ladakh; stock hits 52-week high
Airtel expands its home Wi-Fi services across all 22 districts of Jammu and Kashmir, and Leh-Ladakh
'83% downside': Goldman Sachs turns bearish on Vi amid unclear market share recovery
Vi’s recent capital raise, while incrementally positive, is unlikely to be adequate to stop the company’s market share erosion, says Goldman Sachs.
Indus Tower becomes Airtel subsidiary after buyback; telco share hits 52-week high
The buyback committee on Aug 27 approved the basis of acceptance of 5.67 cr shares of the face value of ₹10/- each; with this, Airtel’s shareholding in Indus has risen to over 50%
Bharti Airtel parent to acquire 24.5% stake in British telco BT group
The shares will be acquired through Bharti Televentures UK. The firm will first purchase a 9.99% stake in BT Group, with the remaining 14.51% to follow upon receiving regulatory approvals.
Airtel Q1 profit zooms 158% to ₹4,160 cr; revenue up 3%
Bharti Airtel arm Bharti Hexacom reports 102% jump in profit at ₹511.2 crore for Q1 FY25, revenues up 13.6% to ₹1,911 cr
Airtel follows Jio, hikes tariffs by up to 20%
Mobile average revenue per user (ARPU) needs to be upwards of ₹300 to enable a financially healthy business model for telecom companies in India, says Airtel
Spectrum auction concludes with ₹11,340 cr bids; here’s how telecom stocks react
Bharti Airtel emerged as the biggest bidder by securing 69% of the total MHz on offer, followed by VIL at 21%, and RJio at 10%.
Spectrum auction: Reliance Jio acquires 1800 MHz for ₹974 cr
Jio has acquired the right to use spectrum in the 1800 MHz band in Bihar and West Bengal for ₹973.63 crore.
