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.
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.
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.
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.
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.
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.