In February Bharti Airtel said the holding company for its Africa operations was looking at a potential IPO.
Jio's national average of 4G download speed was more than double compared to its rival Bharti Airtel, which recorded a download speed of 10 megabits per second (Mbps), according to the data published by the Telecom Regulatory Authority of India (Trai) on MySpeed Portal.
These penalties are on parameters such as accessibility of call centre, percentage of calls answered by the operators and metering and billing credibility, Airtel said in a regulatory filing.
In the letter, Vittal said the entire telecom industry has sailed through some difficult times but acknowledged the opportunity to serve 1.3 billion customers in India
Airtel has approached the Telecom Disputes Settlement and Appellate Tribunal to get a stay on the order.
The special resolution to approve the proposed composite scheme of arrangement between Tata Teleservices, Bharti Airtel and Bharti Hexacom received 99.97 per cent voting in favour of the resolution, Bharti Airtel said in a regulatory filing.
The said approval has been granted by the Ministry of Information and Broadcasting, Airtel said in a regulatory filing.
The source privy to the development said that the Foreign Direct Investment (FDI) approval has been received for the deal, which was announced in December 2017.
The positive movement in AGR is indicative that the telecom is returning to growth, fuelled by a rise in mobile internet penetration.
The Sunil Bharti led firm has plans to add 24,500 mobile sites by September 2018, which will help it take high speed data services to rural areas and strengthen its coverage across cities.
The fund raising will be done either by issue of securities, instruments etc including redeemable preference shares to promoters on preferential basis, non-convertible debentures or inter corporate deposit or loans from the promoters or other entities.
Bharti Airtel has reported a consolidated total income from operations of Rs 20,080.00 crore and a net profit of Rs 97.30 crore for the quarter ended Jun-2018
Tata Group and Bharti Airtel had last year made a "debt-free, cash-free" deal for Tata Teleservices.
HDFC Securities is bullish on Bharti Airtel has recommended buy rating on the stock with a target price of Rs 455 in its research report dated July 29, 2018.
Edelweiss bullish on Bharti Airtel has recommended buy rating on the stock with a target price of Rs 452 in its research report dated July 27, 2018.
Taking suo-moto cognisance of the impact of GST on prices in telecom and aviation sector, the National Anti-Profiteering Authority (NAA) has asked the market leaders in the sectors to calculate the input tax credit (ITC) benefits that have accrued to them and whether it was enough to pass on to end-consumers, a source told PTI.
Bharti Airtel has reported a consolidated total income from operations of Rs 20,080.00 crore and a net profit of Rs 97.30 crore for the quarter ended Jun'18
Africa's revenue in April-June quarter grew by 6 percent sequentially to Rs 5,284.1 crore with EBITDA rising 7 percent to Rs 1,922.1 crore and margin expansion of 40 basis points at 36.4 percent.
While maintaining Buy call on the stock, Motilal Oswal expects company to report net loss of Rs 110 crore while ICICI Securities sees loss at around Rs 309.1 crore and Kotak expects loss at around Rs 448 crore for the quarter.
"We are pleased to inform you that "no adverse observation" letter has been received from the Stock Exchange for the proposed merger of Bharti Infratel Limited and Indus Towers Limited. The Company will file the first motion petition before the National Company Law Tribunal in due course," Bharti Infratel said in filing at both BSE and NSE.
The proceeds will be used to pay off part of the company's Rs 95,000-crore debt, and to counter the increased competition in the Indian telecom market
The company’s annual report highlights the regulatory developments in many of the African nations it operates in.
Airtel, in March 2017, announced its decision to acquire the 4G business of Tikona Networks, including broadband spectrum and 350 sites across five circles, for about Rs 1,600 crore.
Multiple-input, Multiple-output or MIMO is considered to be a key enabler and a foundational component of 5G. A MIMO network can multiply the capacity of a wireless connection without requiring more spectrum.
The integration partners of the company to build ways for Facebook users to receive Facebook or Facebook features on their device or network within platform use policies of the social media firm.