Bharti Airtel appoints Naval Seth as head of investor relations
NEW DELHI: Bharti Airtel, India’s leading communications solutions provider, today announced the appointment of Naval Seth as the Head of Investor Relations. In this role, Naval will spearhead Airtel’s representation amongst investors, lenders, equity partners, & financial institutions and will report to Soumen Ray, Chief Financial Officer. Welcoming Naval to the role, Soumen Ray, Chief […]
Singtel arm sells 1.59% stake in Bharti Airtel for Rs 7,261 crore
NEW DELHI: Pastel Ltd, an entity of Singtel, on Thursday divested 1.59 per cent stake in Bharti Airtel for Rs 7,261 crore through an open market transaction. The stake has been picked by Bharti Airtel’s promoter Bharti Telecom Ltd, as per block deal data with the National Stock Exchange (NSE). According to the data, Pastel […]
Jio concludes spectrum trading agreement with Bharti Airtel
NEW DELHI: Reliance Jio Infocomm Ltd (RJIL) announced today that it has concluded the definitive Agreement entered with Bharti Airtel Limited for acquisition of right to use spectrum in the 800MHz band in Andhra Pradesh (2 x 3.75 MHz), Delhi (2 x 1.25 MHz) and Mumbai (2 x 2.5 MHz) circles through spectrum trading, which […]
Airtel believes ARPU will reach Rs 200 levels in few months: Report
NEW DELHI: Bharti Airtel is of the view that average revenue per users (ARPUs) would have touched Rs 200 already had the pandemic not happened, and believes that the company should get there in the next few months, according to a latest Goldman Sachs report. In a recent note, Goldman Sachs said it had hosted […]
Bharti Airtel to acquire 5.2 per cent stake in Avaada MHBuldhana for Rs 4.55 crore
NEW DELHI: Bharti Airtel on Friday said it will acquire 5.2 per cent stake in solar power company Avaada MHBuldhana for Rs 4.55 crore in an all-cash deal. Avaada MHBuldhana Private Limited is a newly-formed company and developing a captive generating solar power plant in Maharashtra which will become operational by March 2021. It is […]
Sebi disposes of proceedings against Bharti Airtel, Sunil Mittal, 2 others
NEW DELHI:Markets regulator Sebi on Thursday disposed of proceedings against four entities including Bharti Telecom Ltd and Sunil Bharti Mittal, in a matter related to alleged violation of insider trading norms while dealing in Bharti Airtel’s scrip. The order follows an investigation conducted by Sebi in respect of trading of certain entities in the scrip […]
Sebi shortlists Bharti Airtel, Wipro, others to revamp IT infra network, communication systems
NEW DELHI: Markets regulator Sebi has shortlisted eight companies including Bharti Airtel, Wipro and Tata Communications to revamp its IT infrastructure network and communication systems. The other shortlisted companies are — Hewlett Packard Enterprise India, IBM India, NTT India, Orange Business Services India Technology and Sify Technologies. The Securities and Exchange Board of India (Sebi) […]
Bharti Airtel to gain at the expense of Vodafone Idea, say Brokerages
NEW DELHI: Telecom czar Sunil Bharti Mittal-led Bharti Airtel may consolidate its position at the expense of Vodafone Idea Ltd as it has better balance sheet strength to deal with the eventuality of having to pay past statutory dues in case the Supreme Court rejects their review petitions, brokerages said. Airtel and Vodafone Idea have […]
AGR woes: Airtel, Voda Idea post a combined Rs 74,000 crore loss in Q2
NEW DELHI: Vodafone Idea and Bharti Airtel on Thursday reported a whopping combined loss of nearly Rs 74,000 crore in the September quarter as the leading telecom players were hit by statutory dues arising from a recent Supreme Court ruling. While Vodafone Idea posted a loss of Rs 50,921 crore — the highest-ever quarterly loss […]
Bharti Airtel raises $750 million from investors based in Asia, Europe and US
NEW DELHI: Telecom operator Bharti Airtel on Wednesday said it has raised $ 750 million (about Rs 5,330 crore) from investors based in Asia, Europe and the US through a hybrid financial instrument. Bharti Airtel said in a statement that “its wholly-owned subsidiary Network i2i Limited, has priced … offering of $ 750 million 5.650 […]
Reliance Jio, Bharti Airtel set to bid for RCom’s physical assets
NEW DELHI: Reliance Jio and Bharti Airtel have expressed interest in bidding for physical telecom infrastructure of Anil Ambani-led Reliance Communications which is undergoing insolvency proceedings, a source privy to the development told PTI. The two companies are , however, are not interested in buying spectrum held by RCom, the source said. The NCLT in […]
Reliance Jio overtakes Bharti Airtel to become India’s 2nd-largest operator
NEW DELHI: Reliance Industries Ltd’s telecom unit Jio pipped rival Bharti Airtel to become India’s second-largest operator by subscribers as of May, government data showed. Jio, controlled by Asia’s richest man Mukesh Ambani, has disrupted the telecom industry in the country since it was launched in 2016, offering cheap bundles and prompting shutdowns. As of […]
Bharti Airtel Q4 net profit up 29% at Rs 107 crore; revenue rises 6.2%
NEW DELHI: Telecom operator Bharti Airtel on Monday posted a surprise net profit of Rs 107.2 crore for the fourth quarter ended March 31, a growth of 29.3 per cent over the year-ago period, on the back of exceptional gain of Rs 2,022 crore. The company’s revenue for March quarter was up 6.2 per cent year-on-year to Rs 20,602.2 […]
TDSAT partially stays DoT’s Rs 8,300 crore demand for Airtel-Tata Tele merger
NEW DELHI: Telecom Disputes Settlement and Appellate Tribunal (TDSAT) on Thursday granted partial stay on Rs 8,300 crore demand raised by the telecom department from Bharti Airtel for approving its merger with Tata Teleservices. The TDSAT has directed “the concerned authorities of the Union of India to take the merger of two companies and licence […]
NCLT approves merger of debt-ridden Tata Teleservices with Bharti Airtel
NEW DELHI: The National Company Law Tribunal (NCLT) has approved the merger of loss-making telecom firm Tata Teleservices with Bharti Airtel, according to an exchange filing on Monday. The merger is subject to the approval of the Department of Telecommunications (DoT). “Hon’ble National Company Law Tribunal, New Delhi, Principal Bench, vide its order dated January […]