Airtel VoLTE works over 4G services that will enable customers across the city to enjoy HD quality voice calls with faster call set up time, a company statement said here today. Customers can call any mobile, landline network using Airtel VoLTE and would not be charged for additional data for VoLTE. Calls would be billed as per the existing plan, it added.
"Customers in 130 towns and villages, including Kargil, Leh, and Dras, will now be able to enjoy affordable high speed data services and get on to the digital superhighway," an Airtel statement said.
Udayan Mukherjee, Consulting Editor, CNBC-TV18 says there is growing conviction that levels of 10000-10100 will act as solid support and market may have formed a higher bottom.
Going forward, 10,000-9,985 zone will act as a near-term support and any decisive closing below this level will trigger further pessimism.
Two other smartphones - Aqua A4 and Aqua S3 - will also be available at effective prices of Rs 1,999 and Rs 4,379, respectively as part of the partnership.
The investment is in line with its endeavour to build an open content ecosystem and bring world-class digital content to its customers, the company said in a statement.
"Customers can call any mobile, landline network using Airtel VoLTE. There will be no additional data charges for VoLTE and calls will be billed as per existing plan or pack benefits," the company said in a statement.
The Unique Identification Authority of India (UIDAI) has ordered a probe against Bharti Airtel for alleged violation of the Aadhaar Act, following the government's direction to link Aadaar to mobile numbers.
"Our request was that the OTT players in the telecom arena should have the same rules of the game. I don't know what are the recommendations on that. I believe, probably, the TRAI will come up with another consultation on the OTT side. We will see how they develop...," he told television channel ET Now on the sidelines of the Global Entrepreneurship Summit (GES) here.
In a bid to take on competition in a consolidating market, the Sunil Mittal-led company has been buying stressed assets in the telecom sector, and spectrum.
The move follows sale of 5 percent stake by Qatar Foundation in Airtel for Rs 9,600 crore earlier this month.
The amount committed includes three per cent of the family's stake in Bharti Airtel, Sunil Mittal, founder and Chairman of Bharti Enterprises, said at a conference.
The agency expects Bharti Airtel's margins to remain under pressure over next one to two years because of increase in tariff competition besides reduction in lower mobile call connection charges to six paise from 14 paise levied earlier.
Bharti Airtel's mobile tower arm Bharti Infratel and Vodafone hold 42 per cent each in India's largest mobile tower firm Indus Towers and the rest is held by Idea Cellular.
Bharti Airtel, India's largest telecom operator, will primarily use the proceeds from this sale to pare its debt, a company statement said.
Three Pillars Pte Ltd, an affiliate of the Qatar Foundation, may have sold its 5 percent stake (about 19.99 crore shares) through block deals today.
In an interview to Latha Venkatesh, Surabhi Upadhyay & Anuj Singhal on CNBC-TV18, Udayan Mukherjee shared his views and readings on the market, specific sectors and stocks.
A number of telecom operators have either merged or are in process of merging with large operators. Some of the companies have exited from telecom companies by selling their spectrum to Bharti Airtel.
"Considering the data explosion in India... to accelerate our 4G roll out in terms of coverage and also build additional capacities in existing geographies..our capex forecast for the year is being upped from initial guidance of Rs 20,000 crore to Rs 25,000 crore," Bharti Airtel Chief Financial Officer Nilanjan Roy said during earnings call.
CLSA has upgraded Bharti Airtel to buy from underperform and raised target price to Rs 637 from Rs 430 per share as consolidation & data have revived long-term growth.
Telecom major Bharti Airtel today said a few "reputed" global investors have approached it for buying a controlling stake in its mobile tower arm Bharti Infratel.
Revenue from operations slipped 0.8 percent quarter-on-quarter to Rs 21,776.9 crore for September quarter, which was largely in line with estimates.
Airtel's Africa business is expected to clock revenue growth of 2 percent (which contributed 22 percent to total revenue) at Rs 4,972 crore. Analysts expect the company's impressive run in Africa to continue, with margins expansion.
Bharti Telecom will acquire 184,710,183 equity shares of Bharti Airtel from another promoter firm of the telecom major, Indian Continent Investment Limited (ICIL), at price of Rs 417.35 per share derived with weighted average market price of 60 days trading period, as per the filing.
Promoters of Bharti Telecom and Bharti Airtel - Mittal family owns 51 percent stake in Bharti Telecom and 30 percent stake in Bharti Airtel.