The telecom watchdog in October 2016 recommended imposing total penalty of Rs 3,050 crore on Bharti Airtel, Vodafone and Idea for allegedly denying interconnectivity to newcomer Reliance Jio.
Reliance Jio was the fastest 4G operator in 2018 with the highest average download speed for the last 13 months.
Bharti Airtel is expected to continue on its bearish path on a bearish breakout
With the roll-out of 4G in the superior 900 MHz spectrum band, Airtel's mobile network 'will get additional high-speed data capacity to serve its customers', the company said.
Motilal Oswal is bullish on Bharti Airtel has recommended buy rating on the stock with a target price of Rs 380 in its research report dated February 01, 2019.
"Moody's Investors Service ("Moody's") has downgraded to Ba1 from Baa3 the senior unsecured rating for Bharti Airtel Ltd. (Bharti) as well as the backed senior unsecured notes issued by Bharti's wholly-owned subsidiary, Bharti Airtel Int'l (Netherlands) B.V.," the agency said in statement.
In a letter to Telecom Minister Manoj Sinha Monday, the Cellular Operators Association of India (COAI) said value-added tax or goods and services tax (GST) is not applicable to government services internationally, as they are considered 'out of scope' or regarded as non-economic activities or sovereign functions that are outside the ambit of tax.
India EBITDA margin shrank 180 bps QoQ to 19.1 percent due to an increase in access cost.
According to subscriber base report of telecom regulator Trai, Airtel had 34.1 crore mobile customers at the end of November, implying the company lost around 5.7 crore customers in December.
Total revenue for the December 2018 quarter stood at Rs 20,519 crore, just 1 percent higher than the Rs 20,319 crore in the corresponding period of the previous year.
ICICI Securities said consolidated revenues are expected to be muted at Rs 20,543 crore, up 0.6 percent QoQ (up 1.1 percent YoY) and consolidated margins are seen at 30.6 percent, up 60 bps QoQ
The breadth of the market favoured the declines with 722 stocks advancing and 893 declining while 443 remained unchanged. On the BSE, 999 stocks advanced, 1233 declined and 157 remained unchanged.
The merger is subject to the approval of the Department of Telecommunications (DoT).
Neutral-to-moderately popular stocks outperformed significantly when compared to the most popular stocks in the December quarter, according to a report from Motilal Oswal on contrarian investing.
The breadth of the market favoured the declines with 538 stocks advancing and 1083 declining while 434 remained unchanged. On the BSE, 839 stocks advanced, 1376 declined and 141 remained unchanged.
Trends on SGX Nifty indicate a gap up opening for the broader index in India, a rise of 64 points or 0.59 percent. Nifty futures were trading around 10,984- level on the Singaporean Exchange.
We expect stock-specific performance to continue as earnings season gathers pace while we expect the index to strengthen above December-high of 10,985, says Dharmesh Shah of ICICI Direct.com.
Traders can accumulate the stock in a range of Rs 332-338 for the upside target of Rs 366 levels and a stop loss below Rs 310, says Shitij Gandhi of SMC Global Securities.
The Nifty could go above 10,950 levels in coming session, followed by some profit booking, experts. The uptrend is likely to resume only when the index closes above 11000 levels
"Airtel is also boosting its mobile network at the venue to serve the connectivity needs of millions of visitors at the Kumbh Mela. It will be deploying state-of-the-art Massive MIMO technology at the venue to massively enhance its network capacity," Airtel said in statement on Monday.
London-based Helios Investment, which owns a 60 percent stake in Telkom, is looking to partly cash out of the investment which it entered in 2015, the sources said.
BofAML believes consensus not fully reflecting impact of IUC (interconnect charges) payments being zero from January 2020
The combined entity lost over 65 lakh subscribers in November but still remained the largest mobile services provider in the country with a user base of over 42 crore, the COAI data released Thursday showed.