|Bid||760.10 x 0|
|Ask||761.00 x 0|
|Day's Range||760.05 - 769.40|
|52 Week Range||381.05 - 769.40|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||389.77|
The launch of cheaper postpaid plans with unlimited 5G by Reliance's Jio has put rival Bharti Airtel on the back foot in the Indian market and may delay recovery in its key profit metric, JP Morgan analysts said on Thursday. Jio, the telecoms unit of Indian conglomerate Reliance Industries, launched new postpaid plans last week, starting from 399 rupees ($4.85) that included over-the-top (OTT) packages, forcing Bharti Airtel to roll out similar plans. "We were surprised to see Bharti turn defensive with counter-plans," JP Morgan analysts said in a client note, adding that unlimited 5G data consumption would also delay any kind of 5G monetization, pressure the expansion of average revenue per user (ARPU) and delay 4G prepaid tariff increases.
Airtel has selected Nokia's (NOK) integrated SIM (iSIM) Secure Connect technology to expedite digitalization in several African countries.
NEW DELHI, India & WEST PALM BEACH, Fla., February 08, 2023--Bharti Airtel (NSE:BHARTIARTL) ("Airtel"), India’s leading communications solutions provider, and Vultr, the world’s largest privately-held cloud computing company, today announced a strategic partnership to offer cloud solutions to enterprises in India.