|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||485.00 - 500.10|
|52-week range||485.00 - 500.10|
|PE ratio (TTM)||125.16|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Net profit fell 39.3 percent to 3.06 billion rupees ($48 million) in the quarter ended Dec. 31, missing an average estimate of 3.98 billion rupees from 10 analysts, according to Thomson Reuters data. India's telecoms regulator cut interconnect usage charges (IUC) - the fees that mobile operators pay each other for calls from one network to another - by more than half to 0.06 rupees a minute from October, and plans to abolish them from 2020.
New Delhi, Jan 12 (IANS) Bharti Airtel on Friday said it has tied up with e-commerce platform Amazon India to offer one-year subscription of Amazon Prime free of cost to its postpaid subscribers. The offer for one year of Amazon Prime is activated exclusively through the Airtel TV app, the company said in a statement. "By making Prime Video available to our customers for a year at no additional cost, Airtel TV is now able to offer one of the largest and most exciting entertainment experiences," said Sameer Batra, Chief Executive Officer, Wynk, Bharti Airtel.
Indian telecoms carrier Bharti Airtel said on Thursday that there were no irregularities in deals that made it the majority shareholder in a Tanzanian unit, a day after the country's president claimed the company belonged to the state. President John Magufuli said on Wednesday he had received a report that the state-run Tanzania Telecommunications Company Limited (TTCL) owned the local subsidiary of Bharti Airtel outright but had been cheated out of shares. Magufuli made the comments in a speech broadcast on television.
Mumbai, Dec 20 (IANS) Bharti Airtel on Wednesday approved the takeover of consumer mobile business of Tata Teleservices, a regulatory filing said here. "The Board of Directors in a meeting held on ...
Bharti Airtel Ltd on Tuesday said an affiliate of U.S. private equity firm Warburg Pincus will buy up to a 20 percent stake in the Indian telecom operator's direct-to-home arm for $350 million. Under the ...
New Delhi, Dec 6 (IANS) Bharti Airtel on Wednesday said it has tied-up with Indian smartphones manufacturer Intex Technologies to launch a range of affordable 4G smartphones with advanced features. According to the telecommunications services provider, the Intex Aqua Lions N1 -- a new 4G smartphone from the Intex stable -- will be available to Airtel customers at a discounted price of Rs 1,649 compared to the market price of Rs 3,799. "The all new 4G smartphones come bundled with a monthly pack of Rs 169 from Airtel, offering generous data and calling benefits," the company said in a statement.
New Delhi, Nov 17 (IANS) Bharti Airtel on Friday announced the availability of fresh stocks of Apples "super premium" "iPhone X" on its online store. The first batch of the "iPhone X" on Airtel's online store was sold out within minutes of going on sale on November 3, the company said in a statement. The device on Airtel's Online Store is available exclusively to postpaid customers as an unlocked device on a first come first serve and full-payment basis, till stocks last, the company added.
REUTERS - Top Indian mobile carrier Bharti Airtel Ltd said on Tuesday it sold part of its holdings in mobile masts arm Bharti Infratel Ltd for 33.25 billion rupees in a bid to reduce debt. Bharti Airtel's ...
New Delhi, Nov 9 (IANS) Bharti Airtel on Thursday announced a strategic partnership with solftware solutions provider Amdocs to bring Artificial Intelligence (AI)-based services to its customers in India. ...
New Delhi, Nov 8 (IANS) Qatar Foundation Endowment (QFE) on Wednesday announced the block sale, through its Asia-Pacific regional holding company Three Pillars Pte Ltd (TPPL), of the entire 5 per cent stake it holds in Bharti Airtel. "In May 2013, TPPL invested Rs 68 billion (Rs 6,800 crore) in Bharti Airtel, to strengthen the capital structure and allow further investment for growth. The investment saw TPPL acquire 199,870,006 shares at a price of Rs 340 per share.
A Qatari investor plans to sell a 5 percent stake in top Indian telecoms carrier Bharti Airtel Ltd on Friday for about 95 billion rupees ($1.46 billion), adding to the Gulf nation's recent stake sales in foreign companies. Three Pillars Pte Ltd, an affiliate of the Qatar Foundation, has put up for sale through stock market transactions about 199.9 million shares in Bharti Airtel in a price range of 473-490 rupees each, according to a deal term sheet. The price range is a discount of 4.7-8 percent to Bharti Airtel's Tuesday closing price, but far higher than the 340 rupees Three Pillars paid for it in 2013.
Bharti Airtel Ltd said on Wednesday it was looking to spend 250 billion rupees ($3.9 billion) this financial year on its networks, a quarter more than its initial forecast and mainly to speed up the expansion of its 4G mobile broadband network in India. The boost in capital expenditure comes at a time when the Indian market leader is facing stiff competition from Reliance Jio, operator of the entirely new 4G network which cost owner Reliance Industries about $30 billion to build. Launching its services just over a year ago Jio has disrupted the world's second-biggest wireless market by customers with its cut-price offerings.
MUMBAI/BENGALURU (Reuters) - Bharti Airtel Ltd said on Tuesday it had been approached by global investors interested in a controlling stake in its mobile masts unit Bharti Infratel Ltd. India's largest phone carrier also reported its smallest quarterly profit in nearly five years, hurt by a price war. The news of the approach from unidentified investors comes a day after Bharti Infratel said it was considering buying the rest of Indus Towers, the biggest mobile mast operator in India.
New Delhi, Oct 16 (IANS) Bharti Airtel on Monday launched its Online Store that will offer a line-up of premium smartphones with affordable down payments, instant credit verification financing and bundled ...
New Delhi, Oct 16 (IANS) Bharti Airtel and Millicom International Cellular, through their respective subsidiaries, on Monday announced the closure of a deal to combine their operations in Ghana. Under the joint agreement, Airtel and Millicom will have equal ownership (50:50) and governance rights in the combined entity, which will have revenues of around $300 million, said a statement here. Roshi Motman, the current CEO of Tigo Ghana, will be the new CEO of the joint entity.
Bharti Airtel Ltd saw its share price surge as much as 8 percent in early Friday trade as investors cheered its purchase of Tata Group's mobile arm, in a deal that secures 40 million new clients and spectrum at little cost. Bharti shares were up 6.6 percent at 0435 GMT, outpacing the broader NSE index's 0.5 percent. Shares of Tata Teleservices (Maharashtra) Ltd, a Tata Teleservices unit, were up 9.1 percent.
Bharti Airtel Ltd is acquiring the Tata conglomerate's consumer mobile business virtually free of charge in a deal that gives India's top wireless player a major subscriber base boost, while stemming the bleed for Tata from a money-losing venture. Bharti Airtel will gain over 40 million customers from Tata Teleservices and a subsidiary along with airwaves the companies own on a "debt-free (and) cash-free" basis, according to a joint statement on Thursday, although Bharti Airtel will take on a "small portion" of Tata's unpaid dues for its airwaves.
New Delhi, Oct 12 (IANS) Bharti Airtel and Tata on Thursday announced that they have entered into an understanding to merge Consumer Mobile Businesses (CMB) of Tata Teleservices Limited (TTSL) and Tata Teleservices Maharashtra Limited (TTML) into Bharti Airtel. The merger is being done on a debt-free cash-free basis, except for Bharti Airtel assuming a small portion of the unpaid spectrum liability of Tata's towards DoT, which is to be paid on deferred basis, the joint-statement added.
New Delhi, Oct 12 (IANS) Bharti Airtel and Tata on Thursday announced that they have entered into an understanding to merge Consumer Mobile Businesses (CMB) of Tata Teleservices Limited (TTSL) and Tata Teleservices Maharashtra Limited (TTML) into Bharti Airtel. The acquisition is subject to requisite regulatory approvals, the statement said without revealing the acquisition amount.
Bharti Airtel Ltd (BRTI.NS), India's top telecom operator, said on Wednesday it had partnered with handset maker Karbonn Mobiles to introduce a 4G-enabled smartphone at the price of a feature phone. The company said the price for the smartphone would be cut by about 60 percent to 1,399 rupees ($21.45) and will include a monthly pack of 169 rupees from the telecom operator. The buyer will have to make a down payment of 2,899 rupees for the smartphone, from which 500 rupees would be refunded after 18 months and the remaining 1,000 rupees after three years.
New Delhi, Sep 27 (IANS) Bharti Airtel Chairman Sunil Mittal on Wednesday said India has the potential to become the world's largest telecom market but the industry would require congenial government policies to do so. "India has the potential to become world's largest telecom market. Government policies will have to eventually decide how fast this digital wave in this country can propel," Mittal said while addressing the India Mobile Congress 2017 here.
New Delhi, Sep 20 (IANS) A day after Indian telecom regulator TRAI slashed the mobile termination charges to six paise from 14 paise, Bharti Airtel on Wednesday called it an "extremely disappointing decision" for the industry. "We are extremely disappointed with the latest regulation on the IUC (interconnection usage charges), especially at a time when the industry is facing severe financial stress. "The suggested IUC rate, which has been arrived at in a completely non-transparent fashion, benefits only one operator which enjoys a huge traffic asymmetry in its favour," a statement issued by Bharti Airtel said.
New Delhi, Sep 13 (IANS) Bharti Airtel and Korea's telecommunications company SK Telecom on Wednesday announced a strategic partnership to build advanced telecom network in India. The partnership will ...
New Delhi, Sep 11 (IANS) Bharti Airtel on Monday announced the launch in Mumbai of its Voice over LTE (VoLTE) services which it plans to roll out across the country over the next few months. Airtel VoLTE, which works over 4G, will offer customers HD quality voice calls along with faster call set up time, the company said in a statement. "This is a significant milestone in Airtel's network transformation journey under Project Leap.
Indian telecoms group Bharti Airtel Ltd has launched a sale of a 3.7 percent stake in tower arm Bharti Infratel Ltd for up to 25.52 billion rupees , according to a deal term sheet. Nettle Infrastructure ...