Bharti Airtel plans to raise up to $1 billion

The fundraising is likely to be in range of $750 million to $1 billion, and the final figure will be arrived at based on the market response. The proceeds from the issue will be utilised for pruning debt of Bharti Airtel. Bharti Airtel’s debt stood at Rs 1.16 lakh crore as in June 2019. Continue Reading

HDFC Bank valued at $22.70 billion

Largest private sector lender HDFC Bank has emerged as the most valued Indian brand at $22.70 billion. The list of top ten brands, prepared by the world’s largest media buyer WPP, includes companies from banking, financial services, and insurance, telecom and auto segments. Continue Reading

Airtel to sacrifice 3G to focus on 4G, customers to be shifted to top spectrum

Shortly after being dethroned by Reliance Jio and becoming the number two operator in terms of subscriber base, Bharti Airtel is said to have decided to completely shut down its 3G network by the end of the current financial year. Continue Reading

Wynk tube, minimum recharge plans drive Airtel’s data usage & revenue

After weathering the choppy seas left in the wake of Jio’s disruptive entry, rival Bharti Airtel Ltd, which till a year ago wore the crown as India’s number one telco, has finally managed to steer into stable waters, with its customer retention and engagement strategy driving up data usage and monthly revenue. Continue Reading

Airtel transfers 16.76% stake to Nettle Infra

The Sunil Bharti Mittal-led telecom services firm had earlier said it is parking its stake in Nettle Infrastructure, a wholly owned subsidiary of the company, as it plans to monetise stake in Bharti Infratel. Continue Reading