Market leaders Reliance Jio Infocomm Ltd and Bharti Airtel Ltd gained at the expense of the country’s No. 3 telco as their revenues grew by 14% and 18%, respectively.
2 min read3 Dec 2024The shift from hyper-competition and a rapid transition to 5G networks will aid in deleveraging, the US rating agency added in a note on Friday.
3 min read29 Nov 2024Airtel stands to gain the most from the tariff hikes because of its premium customer mix and better network quality and services.
3 min read27 Nov 2024Telecom stocks witnessed a sharp upsurge in early morning trade on November 26, amid reports that the Union Cabinet approved the waiving of bank guarantees for telecom operators. Vodafone Idea shares jumped 15% while MTNL stock gained 9%.
2 min read26 Nov 2024On Wednesday, Telecom major Bharti Airtel announced that it had awarded the Finnish telecom technology company Nokia a multi-billion contract to use equipment from its 5G AirScale portfolio to improve Airtel’s network in India, according to a BSE filing.
1 min read20 Nov 2024Elon Musk has supported India’s recent decision to allocate spectrum for satellite broadband, which could pave the way for Starlink’s entry into the Indian market.
1 min read8 Nov 2024Bharti Airtel’s chief executive officer is set to step down from the role in 2026 after steering the company through a time of significant challenges—Reliance Jio’s entry, regulations, litigation and technology advances.
3 min read3 Nov 2024Jio continues to be the leader even with lower Arpu as it has a higher number of mobile subscribers, 470 million, compared to Airtel’s 350 million.
3 min read30 Oct 2024Bharti Airtel’s shares fell 3.18% to ₹1,610, marking the seventh straight decline, despite strong Q2 results showing a 168% YoY profit surge. Citi maintains a ’buy’ rating with a target of ₹1,950, as Airtel’s revenue and EBITDA exceeded estimates.
2 min read29 Oct 2024JPMorgan raised the Vodafone Idea share price target to ₹10 per share from ₹7 earlier as it upgraded the stock to Neutral from Underweight. It remains Overweight on Bharti Airtel stock as it expects the telco to start paying meaningful dividends from FY25.
3 min read11 Oct 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared