|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||427.50 - 438.90|
|52-week range||350.30 - 612.00|
|Beta (5Y monthly)||0.60|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||2.00 (0.46%)|
|1y target est||N/A|
Indian telecom operator Bharti Airtel Ltd reported its highest-ever quarterly consolidated revenue on Tuesday, helped by higher tariffs and additions to its 4G subscriber base. Indian telecom operators, grappling with low tariffs due to a price war that ensued after Mukesh Ambani's Reliance Jio entered the space, hiked prices last year as they were ordered to pay 920 billion rupees ($12.44 billion) in dues to the government. "The main reason is that they added a lot more 4G customers than we expected... that had an effect on ARPU (average revenue per user)," said Vivekanand Subbaraman, an analyst at Ambit Capital, who was expecting revenue to come in at 252.93 billion rupees.
Heavily indebted Indian telecoms firm Vodafone Idea <VODA.NS> won some reprieve on Tuesday as the country's top court gave mobile carriers 10 years to settle government dues, but the company's longer-term problems are not over. Vodafone Idea and rival Bharti Airtel <BRTI.NS>, two of India's three major carriers, had asked India's Supreme Court for 15 years to settle their fees. Tuesday's Supreme Court ruling means companies will have until 2031 to clear their dues, after they missed an original January deadline ordering them to pay roughly $13 billion.
Bharti Airtel Ltd <BRTI.NS> and Amazon Web Services (AWS) will join forces to develop the Indian telecoms firm's cloud business, allowing it to offer a wider range of products to its enterprise clients, the two companies said on Wednesday. Airtel Cloud currently provides data centre and cloud services to companies and governments via different partnerships. "AWS with the depth and breadth of our platform, and Airtel with its deep reach and expertise and focus, I think together we can build a set of really differentiated cloud products and go serve customers at scale in India," Puneet Chandok, President, India and South Asia at Amazon Internet Services told a virtual news conference.