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

Airtel India dials Rs 10,981 crore revenue

Telecom operator Bharti Airtel’s revenue from India mobile services rose 7 per cent year-on-year during the September 2019 quarter to Rs 10,981.4 crore, as the subscriber base stood at 279.4 million, according to a regulatory filing by the company. Continue Reading

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

War of words between Airtel and Jio

After months of lull, old and new telcos have locked horns with Airtel accusing Reliance Jio of “gaming” the system of paying for calls to rival network, a charge that Mukesh Ambani-led firm countered saying incumbents were charging high voice tariffs and manipulating the system to detriment of their users. Continue Reading

Airtel revamps home entertainment, brings new features under Xstream

Three days before the launch of Reliance Jio’s broadband service, Bharti Airtel on Monday announced its Xstream platform comprising video streaming apps for the home entertainment segment. 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