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bharti airtel News

Airtel, Vodafone Idea lose 30 million customers; Reliance Jio adds 9.4 million

Total wireless subscribers declined from 1,183.68 million at the end of Feb-19 to 1,161.81 million at the end of Mar-19, thereby registering a monthly decline rate of 1.85 per cent, says Telecom Regulatory Authority of India report.

Bharti Airtel records surprise Q4 net profit of Rs 107.2 crore

For the last more than four quarters, Bharti has been posting a consolidated net profit on the back of exceptional gains.


Airtel’s Rs 25K-crore rights issue to open on May 3

The company said the capital infusion will help it continue investments in future roll-outs to build large network capacity and create content and technology partnerships to ensure the strong customer experience.

Reliance Jio now has 300 million subscribers, offers 'cricket data plan'

Reliance Jio has become the third telecom operator in India to cross the 300 million subscribers count. It achieved the feat in two-and-a-half years of its operations.

Bharti Airtel board gives nod to Rs 32,000 crore fund raising plans

In a stock exchange filing on Thursday, Bharti said the company’s board of directors has considered the recommendations of the special committee of directors for fund-raising and thereby approved the same.

Bharti Airtel credit rating downgraded to Ba1 by Moody’s

Last week, Bharti Airtel reported a 72 per cent drop in consolidated net income for the three months ended December 2018 at around Rs 86 crore, amid market turbulence triggered by cut-throat competition in its India operations.


Board approval: Airtel to sell 32 per cent stake in Infratel

On Thursday, Bharti Airtel shares fell around 2 per cent to close at Rs 316.15 on BSE.

For downgrade: Moody’s puts Bharti Airtel rating on review

The ratings agency said in a statement that the review will focus on the company’s commitments and plans to substantially reduce debt levels significantly over a short period of time; and plans to turn around the underlying Indian mobile operations.

Four charts that show how Reliance Jio has shaken up India's telecom industry

Since Jio stormed in with introductory free data and voice services, the market has consolidated into three big providers, including Vodafone Idea Ltd., which completed its merger at the end of August.

‘Stake sale in DTH arm: Bharti Airtel gets govt’s FDI approval’

The transaction will see Bharti Airtel sell 15 per cent stake in Bharti Telemedia, while the rest 5 per cent will come from another Bharti entity.