![Airtel follows Jio, hikes tariffs by up to 20%](https://images.assettype.com/fortuneindia%2F2022-03%2F3f36f1a7-e434-4d87-8e62-b189e8c6dddc%2FAirtel_copy.jpg?rect=0,55,899,450&w=300&q=95)
Airtel follows Jio, hikes tariffs by up to 20%
Mobile average revenue per user (ARPU) needs to be upwards of ₹300 to enable a financially healthy business model for telecom companies in India, says Airtel
Mobile average revenue per user (ARPU) needs to be upwards of ₹300 to enable a financially healthy business model for telecom companies in India, says Airtel
Bharti Airtel emerged as the biggest bidder by securing 69% of the total MHz on offer, followed by VIL at 21%, and RJio at 10%.
Jio has acquired the right to use spectrum in the 1800 MHz band in Bihar and West Bengal for ₹973.63 crore.
Among the three players, Airtel acquired 97 MHz 5G spectrum in 900 MHz, 1800 MHz and 2100MHz frequency bands through the auction for ₹6,857 crore
U.K.-based Vodafone group will use the funds raised to substantially repay its outstanding bank borrowings of €1.8 billion secured against Vodafone's Indian assets
Average revenue per user (ARPU) increased to ₹209 in Q4 FY24 as against ₹193 in Q4 FY23
The company signed a definitive agreement with Dialog and Axiata Group to merge operations in Sri Lanka.
Post listing, Bharti Hexacom shares surged as much as 35% to hit a high of ₹769 on the NSE, while it touched a high of ₹768.95 on the BSE.
QIBs lead from the front as the quota subscribed 48 times after 109 cr shares were bid for against 2.25 cr on offer
A total of 97 anchor investors take part in the anchor book; they have been allocated 3.37 cr shares at ₹570 apiece