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
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June 2024
May 2024
April 2024
Spectrum auction concludes with ₹11,340 cr bids; here’s how telecom stocks react
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%.
Spectrum auction: Reliance Jio acquires 1800 MHz for ₹974 cr
Jio has acquired the right to use spectrum in the 1800 MHz band in Bihar and West Bengal for ₹973.63 crore.
5G spectrum sale ends: DoT collects ₹11,300 cr; Airtel likely the biggest bidder
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
Vodafone group offloads 18% stake in Indus Towers for ₹15,300 cr; Airtel buys 1%
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
Bharti Airtel Q4 profit slumps 31% to ₹2,072 cr
Average revenue per user (ARPU) increased to ₹209 in Q4 FY24 as against ₹193 in Q4 FY23
Airtel hits 52-week high, m-cap surpasses ICICI Bank; here's why
The company signed a definitive agreement with Dialog and Axiata Group to merge operations in Sri Lanka.
Bharti Hexacom shares list at 32% premium over IPO price
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.
Bharti Hexacom IPO subscribed 30 times on Day 3; listing on April 12
QIBs lead from the front as the quota subscribed 48 times after 109 cr shares were bid for against 2.25 cr on offer
Bharti Hexacom IPO opens; raises ₹1,923.7 cr via anchor investors
A total of 97 anchor investors take part in the anchor book; they have been allocated 3.37 cr shares at ₹570 apiece
