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Bharti Airtel Board approves raising up to USD 4 billion

5Dec By Press Trust of IndiaNo Comments

FUNDING

Bharti Airtel Board approves raising up to USD 4 billion

Telecom operator Bharti Airtel's board approved raising USD 4 billion through equity dilution and debt funding. The board, for now, has given its go-ahead to raise up to USD 3 billion and has also approved raising an additional USD 1 billion, an official said. The board has given its approval to raise USD 2 billion through "one or more qualified institutional placement, public and/or private offerings of equity shares, compulsory convertible debentures/other convertible securities/warrants/ADR/GDR or a combination thereof", according to a regulatory filing. The company has received an approval to raise USD 1 billion through foreign debt instrument and another USD 1 billion through issuance of "unsecured and/or secured, listed and/or unlisted, redeemable non-convertible debentures ...

After Reliance Jio, ZEE is Partnering with Bharti Airtel

20Aug By Gauri SinghNo Comments

BUSINESS

After Reliance Jio, ZEE is Partnering with Bharti Airtel

Soon after a disagreement and discontinuing the partnership with Reliance Jio, one of the largest Indian media platform Zee Entertainment Enterprises (ZEE) has entered into a 3-year multi-layered association with the largest telecom player Bharti Airtel. Following this partnership, Zee and Airtel will work together closely and create exclusive video content for Airtel’s video-on-demand app Airtel TV as well as for ZEE’s over-the-top (OTT) app ZEE5. Along with this, around 50 million Airtel TV app users will get access to ZEE5 content constituting ZEE5 Originals, movies, TV shows, plays and more as the subscription cost will be patched under Airtel TV’s plan. “It’s a larger partnership and a win-win for both of us. Airtel brings a huge consumer base, which today, potentially, is not ...

Airtel Reported First Ever Loss in Indian Telecom Sector

27Jul By NitishNo Comments

BUSINESS

Airtel Reported First Ever Loss in Indian Telecom Sector

India's one of the leading telecom company Bharti Airtel reported first ever loss of Rs 940 crore in the first quarter (June 2018) from its Telecom business. Airtel bleeds to retain market dominance in the face of free voice calls and dirt cheap tariffs from Reliance Jio, Vodaphone & idea. Bharti Airtel's India performance continued to face turbulence from the ongoing tariff war despite high level of investments and increase in usage of services. The average revenue per user on Bharti Airtel's India network declined by around 32 percent to Rs 105 from Rs 154 per network on a year-on-year basis. With the acquisition of Telenor's India business, the mobile subscriber base of Airtel increased by 28 percent to 344.6 million as on June 30, 2018, compared to 280.6 million in the ...

CTO of Bharti Airtel And Reliance Jio Quit

23Jul By AnkitaNo Comments

News

CTO of Bharti Airtel And Reliance Jio Quit

Chief expertise officers of telecom operators Reliance Jio and Bharti Airtel have resigned from their respective firms. Reliance Jio Infocomm Limited is the most well-known Indian mobile network operator, owned by Reliance Industries and headquartered in Mumbai, Maharashtra. It operates a national LTE network with coverage across 22 telecom circles. It does not offer 2G or 3G service and instead utilizes voice over LTE to provide voice service on its network. Recently, the Chief Technology Officer of the Reliance jio group, Jagbir Singh, had joined the company before the soft launch of 4G services. Antecedent to this assignment, Jagbir Singh was working with the one of the familiar company known as Samsung. Previously he had also worked with Airtel for a period of ten years. Acco...

Bharti Airtel, Reliance Jio or Vodafone: Who will win the Telecom Battle over FIFA World Cup?

14Jun By Lavina TolaniNo Comments

BUSINESS

Bharti Airtel, Reliance Jio or Vodafone: Who will win the Telecom Battle over FIFA World Cup?

While the most awaited sporting event in the world, FIFA World Cup is going live today, it has sparked a new telecom battle for mobile operators Bharti Airtel, Reliance Jio Infocomm and Vodafone India trying to outdo each other to get a share of more than 100 million viewers. Airtel subscribers can view the live broadcast of the month-long tournament in various local languages besides English and Hindi on Airtel TV. Additionally, to beat the Reliance Jio game, Aitel is even providing a sneak peek into exclusive behind-the-scenes match snippets along with match previews/reviews. Meanwhile, Mukesh Ambani led Jio is providing coverage to football matches live on Jio TV at no additional subscription charges. The telecom is also broadcasting India-Afghanistan test match starting on Thursd...

Reliance Jio’s Growth May Trouble Its Competitors

8Jun By Gauri SinghNo Comments

News

Reliance Jio’s Growth May Trouble Its Competitors

Mukesh Ambani-owned Reliance Jio Infocomm has reported a considerable growth in profits in the March-ended financial year. Reliance Jio saw a net profit of Rs 510 crore in the quarter ended March compared with Rs 504 crore in the previous three months. Jio’s operating revenue increased 3.6 percent reaching to Rs 7,128 crore. The older telecom operators in India like Bharti Airtel and Vodafone India have been growing from the very beginning but since Jio has entered the league, they have been facing a tougher competition. “When the dust settles down and subscribers from beleaguered smaller players have been mopped by the Big Three (Vodafone-Idea combine, Airtel and Jio), the tussle for supremacy will resume,” said Sandip Das, senior advisor at telecom consulting firm Analysys Mason. “Wi...

Airtel and Idea Witness Addition in Subscriptions Defeating Vodafone

2Jun By Gauri SinghNo Comments

BUSINESS

Airtel and Idea Witness Addition in Subscriptions Defeating Vodafone

Bharti Airtel and Idea Cellular, the Indian telecom service providers have together added over one crore mobile subscribers in April 2018 according to the information provided by the Cellular Operators Association of India (COAI). On the other hand, Vodafone suffered a loss of over 6.64 lakh customers in the same time period. A statement by the Cellular Association of India stated that the maximum number of additions were made by Idea Cellular fetching up its subscription number to 216.76 million, adding 5.55 million customers. Rajan S Mathews, COAI Director General said,"The growth seen in mobile subscribers this month is encouraging, and the industry is working daily to ensure that connectivity reaches the farthest corners of the country." The director general also informed that the...

Jio To Offer Cheap Broadband, Calls, Videos under Rs. 1,000/month

30May By Lavina TolaniNo Comments

News

Jio To Offer Cheap Broadband, Calls, Videos under Rs. 1,000/month

After shaking the telecom market with a new kind of data revolution in the country, Reliance Jio has once again created a buzz as it is about to offer internet, videos and voice call for less than Rs 1000 a month. Such a disruptive offering will not only amp up competition in the telecom sector but surely give an edge to Jio over rival broadband and DTH players. Considering a move targeted on bundled tariffs, a report published on a popular daily has said that the internet telco is venturing into wider internet segment by the end of this year. This will also bring Jio's fibre-to-the-home (services) under unlimited calling through a VoIP (Voice over Internet Protocol) phone as well as JioTV. Reliance Jio presently offers free broadband within unlimited internet at 100 Mbps against ...

Delhi High Court Asks Airtel to Change IPL T20 Ads

15Apr By Lavina TolaniNo Comments

INDIA

Delhi High Court Asks Airtel to Change IPL T20 Ads

Bharti Airtel has been asked to change its Indian Premier League advertising campaign by Delhi High Court after allegation from Reliance Jio Infocomm declaring the ad campaign to be 'misleading', 'deceptive' and 'misrepresentative'.The company has argued that the content will incur data charges for the plan, hence it's not free unlike it is being stated as in the "ad campaign". In the Airtel promoted advertisement, it is being popularised that users can access T20 cricket coverage "live and free" for which all they need is a 4G Airtel SIM to download the TV app and get access to a virtual season of the coverage. "The deception and misinterpretation in the advertisement are aimed at enticing and luring the viewers to subscribe the defendant's telecom service (Airtel) and give it prefe...

5Feb By RishabhNo Comments

FUNDING

Bharti Airtel Receives Rs 2,649Cr Funding from Singapore Telecom Giant Singtel

Singapore's largest mobile network operator Singtel has invested Rs 2,649 crore in Bharti Telecom Ltd. boosting its stakes by 48.9 percent. Singaporean Telecommunications has over 4.1 million subscribers and through subsidiaries, has a combined mobile subscriber base of 640 million customers at the end of financial year 2017. “Airtel Limited...announced that Singapore Telecommunications Limited (Singtel)... will invest Rs2,649 crore in Bharti Telecom Limited (Bharti Telecom), the promoter company of Airtel through preferential allotment of shares,” Bharti Airtel said in a statement. "Singtel International Investments will be allotted up to 85,450,000 new equity shares in Bharti Telecom at an issue price of INR310 per equity share," Singtel said in a statement Monday. Through its wholl...

Bharti Airtel Is Selling iPhone 7 at Rs 7,777

16Oct By Press Trust of IndiaNo Comments

News

Bharti Airtel Is Selling iPhone 7 at Rs 7,777

Bharti Airtel is selling iPhone 7 32GB at a down payment of Rs 7,777 and 24 monthly instalments of Rs 2,499 each through its online store, which went live today. The company will sell other devices as well through its online store and the handsets will come bundled with monthly mobile service plans. "Airtel's online store went live today with Apple's iPhone 7 and iPhone 7 Plus variants and the company plans to add devices from all leading brands to the stores offerings in the near future... The iPhone 7 (32 GB) is available at a down payment of just Rs 7,777 and 24 monthly instalments of Rs 2,499," Airtel said in a statement. The monthly instalments have a built-in high-end postpaid plan which offers 30 GB data, unlimited calling (local, STD, national roaming), and Airtel secure packa...

Bharti Airtel To Acquire Tata’s Money-Losing Mobile Unit For Nothing

13Oct By reutersNo Comments

ACQUISITION

Bharti Airtel To Acquire Tata’s Money-Losing Mobile Unit For Nothing

Bharti Airtel Ltd is acquiring the Tata conglomerate consumer mobile business virtually free of charge in a deal that gives India’s top wireless player a major subscriber base boost, while stemming the bleed for Tata from a money-losing venture. Bharti Airtel will gain over 40 million customers from Tata Teleservices and a subsidiary along with airwaves the company's own on a “debt-free (and) cash-free” basis, according to a joint statement on Thursday, although Bharti Airtel will take on a “small portion” of Tata’s unpaid dues for its airwaves. India’s telecoms market, with 1.2 billion mobile subscribers, is in the midst of a wave of consolidation as smaller debt-laden players seek exits after overspending in airwave auctions. Small players and their larger rivals have also been ...