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Bharti Airtel slips into red, posts Rs 2,866 crore loss in Q1
Airtel had logged a net profit of Rs 97 crore in the same period of the previous year, Bharti Airtel said in a statement.
Bharti Airtel reduces incoming validity to seven days after prepaid recharge expires
Airtel reduces the validity of the incoming calls to seven days from earlier 15 days after expiration of a tariff plan. The minimum recharge amount to keep incoming and outgoing service active is priced at Rs 35.
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Airtel closing Kolkata 3G operations, to move to 4G
The company on Friday became the first incumbent telecom operator to have shut down its 3G network in Kolkata and said that it has refarmed the 900 MHz spectrum being used for 3G to further strengthen its 4G network.
Airtel Africa plans IPO in London Stock Exchange; likely to raise over $1 billion
Airtel Africa had a net debt of around $4 billion at the end of March 2019.
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.
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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.
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