Airtel’s new panel to rejig company’s structure

Bharti Airtel has set up a special panel to evaluate restructuring of its business as well as shareholding structure of the company and its subsidiaries, to enhance focus on digital and non-telecom business. Continue Reading

Airtel inks pact with Amazon Web Services

Bharti Airtel on Wednesday announced a multi-year strategic collaboration agreement (SCA) with Amazon Web Services (AWS) to deliver cloud solutions to large enterprise and small and medium enterprise (SME) customers in India. Continue Reading

SC refuses to accept Vodafone’s proposal

The Supreme Court today refused to accept telecom firm Vodafone’s proposal to pay Rs 2,500 crore by today and Rs 1,000 crore by Friday against adjusted gross revenue (AGR) dues and that no coercive action be taken against it. Continue Reading

Telecom stocks surge after tariff hike announcements

Shares of telecom companies today surged on the back of new tariff plans announced by the operators to be effective from 3 December onwards. Shares of Vodafone Idea were trading at Rs 8.38, up 22.69 per cent, on the BSE. The stock rose 22.63 per cent to Rs 8.40 on the NSE. Bharti Airtel appreciated 7.35 per cent to trade at Rs 474.80 on the BSE. The stock gained as much as 9.82 per cent to Rs 485.75 in early trade. Continue Reading

Airtel submits Rs 9,500 crores bids for Reliance Communications

Telecom operator Bharti Airtel has submitted conditional bids of around Rs 9,500 crore for debt-ridden Reliance Communications’ telecom assets, including spectrum, mobile towers and optical fibre, according to an industry source. Continue Reading