|Bid||818.10 x 0|
|Ask||818.35 x 0|
|Day's Range||818.20 - 826.85|
|52 Week Range||629.05 - 877.10|
|Beta (5Y Monthly)||0.29|
|PE Ratio (TTM)||56.20|
|Earnings Date||Aug 07, 2023 - Aug 11, 2023|
|Forward Dividend & Yield||3.00 (0.36%)|
|Ex-Dividend Date||Aug 01, 2022|
|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.
Airtel Africa emerged as the sole bidder for a 5G high-speed spectrum licence in Nigeria's second round of licensing after another company failed to pay a deposit to continue with the auction, the regulator said on Wednesday. The Nigerian Communications Commission (NCC) issued the country's first 5G licences to MTN Nigeria and Mafab Communications last year in December after the companies each paid $273.6 million. NCC said Standard Network & Connections Limited failed to pay the required "intention to bid deposit," leaving Airtel the only bidder.
SingTel, which is going through a strategic reset, said net profit for the half year ended Sept. 30 came in at S$1.17 billion, compared with S$954 million a year earlier. The company's performance was boosted by a strong turnaround in partly owned Bharti Airtel and an exceptional gain of S$1.01 billion ($720.25 million) from the partial divestment of its stake in Airtel. Optus, the Australian unit of SingTel, flagged a massive data breach where up to 10 million customers' data were compromised.
India's government will push Apple, Samsung and other mobile phone manufacturers to prioritise rolling out software upgrades to support 5G in the country, amid concerns that many of their models are not ready for the recently launched high-speed service. Prime Minister Narendra Modi launched 5G services on Oct. 1 amid much fanfare, with leading telecom operator Reliance Jio saying it would make the service available in four cities and rival Bharti Airtel in eight.
NEW DELHI (Reuters) -India's government will push Apple, Samsung and other mobile phone manufacturers to prioritise rolling out software upgrades to support 5G in the country, amid concerns that many of their models are not ready for the recently launched high-speed service. Prime Minister Narendra Modi launched 5G services on Oct. 1 amid much fanfare, with leading telecom operator Reliance Jio saying it would make the service available in four cities and rival Bharti Airtel in eight.
Leveraging a hybrid environment based on IBM Cloud Satellite and Red Hat OpenShift, the platform is widely expected to address the critical business needs of large enterprises with greater efficiency.
India had drawn bids totaling at least $19 billion entering the fourth day of an auction for 5G spectrum on Friday, as telecom giants clamoured for airwave rights needed for next generation networks in the world's second largest mobile market. Reliance Industries' Jio, rivals Bharti Airtel and Vodafone Idea, as well as billionaire Gautam Adani's Adani Enterprises Ltd were all among the bidders for 5G airwaves.
India's telecom giants are likely to make muted bids at the 5G spectrum auction in July, on worries they stand to lose about 40% in potential revenues due to the allotment of some airwaves to enterprises for private networks, industry sources said. Top player Reliance Industries' Jio and rivals Bharti Airtel and Vodafone Idea have failed to lobby New Delhi to stop the allocation that will let various enterprises, including Amazon.com and Tata Consultancy Services, to get airwaves without auction. "The telecom companies are quite upset, there will be an estimated 40% potential 5G revenue loss," said S.P. Kochhar, director general of Cellular Operators Association of India, which represents the three telcos.