Bharti Airtel

  • Airtel launches unlimited-usage mobile service packs for its pre-paid customers 16-04-2014 05:30 PM

    New Delhi: Telecom major Bharti Airtel launched multiple unlimited-usage service schemes starting from Rs 7 for its pre-paid customers. "Bharti Airtel today introduced its Night Store - a first of its kind store that will enable customers to buy value for money offers on their prepaid mobile for internet usage...
  • Reliance Jio, Bharti Infratel sign tower sharing agreement 04-03-2014 05:37 PM

    Ahead of the launch of its mobile services, Mukesh Ambani-owned Reliance Jio Infocomm on Wednesday signed an agreement with Bharti Infratel to utilise the latter's tower infrastructure. The companies have signed a master services agreement and pricing would be at 'arm's length,' based on prevailing market rates, a joint statement...
  • Bharti Airtel agrees to acquire smaller rival Loop Mobile 18-02-2014 10:37 AM

    New Delhi: Bharti Airtel Ltd, India's top telecommunications carrier, said on Tuesday it had agreed to acquire smaller rival Loop Mobile - the first merger in the country's crowded telecoms market in nearly six years. Bharti did not say how much it was paying for the assets of Loop Mobile,...
  • Airtel launches 4G on mobile in Bangalore 14-02-2014 03:58 PM

    New Delhi: Telecom service provider Bharti Airtel along with Apple Friday launched India's first 4G on mobile, a company statement said. The statement said now Airtel customers in Bangalore on Apple iPhone 5s or 5c will be able to experience 4G on their mobile at the current 3G prices. "Customers...
  • Bharti Airtel Q3 net profit jumps 115 per cent to Rs 610 crore 29-01-2014 11:30 AM

    New Delhi: Led by growth in data revenues, country's largest telecom operator Bharti Airtel's net profit rose 115.1 per cent to Rs 610 crore for the quarter ended December 2013. The company had reported a net profit of Rs 284 crore in the corresponding period last financial year, the company...
  • Airtel may sell mobile towers in Nigeria for about $550 million 22-01-2014 08:52 PM

    New Delhi: Telecom major Bharti Airtel is expected to sell-off mobile towers in Nigeria, biggest revenue generating market for the company in Africa, for $500-550 million by April, industry sources said. The company has less than 4,000 mobile towers in the African country. When contacted Airtel spokesperson said: "As a...
  • Reliance enters 2G race, telecoms firms fall on spectrum worries 16-01-2014 07:12 PM

    Shares of India's leading mobile carriers slump on concerns over possible high bidding prices at a spectrum auction next month after eight companies applied to bid, signalling much stronger competition than expected. Reliance Industries, which bought pan-India 4G telecoms permits three years ago, has also applied to bid in the...
  • Airtel, Vodafone, RJIL, 5 others apply for spectrum auction 16-01-2014 11:55 AM

    New Delhi: Bharti Airtel, Vodafone and a surprise entrant Reliance Industries are among the 8 telecom operators that have applied for bidding in the next month's spectrum auction through which the government is expecting at least Rs 11,300 crore. Tata Teleservices, Idea Cellular and Anil Ambani Group's Reliance Communications were...
  • Government plans to finalise spectrum charges before auction 15-01-2014 03:03 PM

    The government expects to finalise the issue of annual spectrum charges, over which telecom operators have locked horns, before the auction of airwaves scheduled to start on February 3. "...all will be resolved before auction," Telecom Secretary M F Farooqui told reporters on the sidelines of the Telecom Sector Skill...
  • TRAI delays mobile phone spectrum auction to Feb 3 28-12-2013 08:10 PM

    India's planned mobile phone spectrum auction will start on February 3, the government said on Saturday, delaying the bidding by 10 days from the original schedule. The telecommunications ministry will auction airwaves in the 900 and 1800 megahertz frequency bands in the auction, which is crucial for leading carriers Bharti...
  • Sunil Mittal: Riding the high tide in Indian telecom 28-11-2013 12:09 PM

    Sunil Bharti Mittal Chairman and managing director, Bharti Enterprises Age: 55 Rank in the Rich List: 10 Net Worth: $6.6 billion The Big Challenge Faced in the Last Year: Steadying Airtel's operations and maintaining its market leadership in a highly competitive, regulated and, yet, uncertain sector The Way Forward: Focusing...
  • Bharti Airtel Q2 net falls 29 per cent on forex losses 30-10-2013 11:11 AM

    Bharti Airtel Ltd reported a 29 per cent fall in quarterly profit on foreign exchange losses, the 15th consecutive quarter of declining profits for the world's No.4 mobile phone carrier by customers. Consolidated net profit fell to 5.12 billion rupees for its fiscal second quarter ended September 30 from 7.21...
  • Bharti Airtel shares fall as rival Idea lowers voice volumes 25-10-2013 01:59 PM

    Bharti Airtel Ltd's shares fall as much as 2 per cent after rival Idea Cellular Ltd on Thursday reported lower voice volumes in the July-September quarter from the previous quarter. Idea is much smaller than Bharti in revenue terms, but both mobile carriers operate on the GSM technology and have...
  • Sibal asks officials to apply mind while imposing penalties 11-09-2013 04:27 PM

    New Delhi: Communications and Information Technology Minister Kapil Sibal Wednesday urged officials to apply their minds while imposing fines on operators, failing which such powers may be handed over to the regulator. At a meeting with Sibal, operators raised the issue of the Department of Telecom levying the maximum penalty...
  • Telecom stocks surge after sharp cut in spectrum price 10-09-2013 12:34 PM

    Shares of telecom service providers surge after India proposed a 60 percent cut in mobile spectrum prices in response to lukewarm interest from telecom companies in two previous sales. Analysts say the cut in reserve prices is positive for incumbents and more such moves may come considering lower demand for...
  • Bharti Airtel Q1 net profit down 9.6 pc to Rs 689 crore 31-07-2013 04:46 PM

    New Delhi Telecom major Bharti Airtel on Wednesday reported a 9.6 per cent drop in consolidated net profit to Rs 688.9 crore in the first quarter ended June 30, mainly due to depreciation in the rupee and higher taxes. The company posted a profit of Rs 762.2 crore during the...
  • 2G case: SC to hear if Nira Radia was involved in the scam 31-07-2013 11:50 AM

    New Delhi: The Supreme Court will on Tuesday consider whether political lobbyist Nira Radia was involved in the 2G spectrum scam or not. She has been accused of having criminal interference in the case. Bharti Airtel chief Sunil Mittal and Essar Group promoter Ravi Ruia, too, are at the Central...
  • Govt approves Rs 650-crore penalty on Bharti Airtel: Official 25-06-2013 06:41 PM

    New Delhi: Telecom Minister Kapil Sibal is learnt to have approved levying of Rs 650 crore penalty on Bharti Airtel for violating roaming norms in 13 service areas between 2003 and 2005. "The Minister has approved penalty of Rs 650 crore on SLD (subscriber local dialing) matter," a Telecom Ministry...
  • Govt approves Rs 650 crore penalty on Bharti Airtel 25-06-2013 02:45 PM

    New Delhi: Telecom Minister Kapil Sibal is learnt to have approved levying of Rs 650 crore penalty on Bharti Airtel for violating roaming norms in 13 service areas between 2003 and 2005. "The Minister has approved penalty of Rs 650 crore on SLD (subscriber local dialing) matter," a Telecom Ministry...
  • Airtel cuts base plan package for 4G services by 31 pc 24-06-2013 01:29 PM

    New Delhi: Bharti Airtel customers can now avail its 4G data plans starting from Rs 450, down 31 per cent from Rs 650 earlier in Bengaluru, Kolkata, Pune and Chandigarh circles. The company, which recently reduced 2G data tariffs by 90 per cent in Punjab and Haryana, is trying to...
  • Airtel 4G data plans now start from Rs 450; down by 31 per cent 24-06-2013 12:52 PM

    New Delhi: Bharti Airtel customers can now avail its 4G data plans starting from Rs 450, down 31 per cent from Rs 650 earlier in Bengaluru, Kolkata, Pune and Chandigarh circles. The company, which recently reduced 2G data tariffs by 90 per cent in Punjab and Haryana, is trying to...
  • Ambani bets on 4G broadband in India, but risks abound 24-06-2013 09:55 AM

    Mumbai: Indian tycoon Mukesh Ambani hopes his multi-billion dollar bet on cheap high-speed wireless broadband could change the way nearly a billion of his countrymen use mobile devices from the way they do banking to watching cricket. In a country where most people own a mobile phone yet lack basic...
  • Bharti submits final bid for Myanmar telecoms licence 04-06-2013 11:45 AM

    New Delhi: Telecommunications carrier Bharti Airtel Ltd has submitted its final bid for a telecoms licence in Myanmar, a company spokesman told Reuters on Tuesday. Myanmar, one of the world's last major untapped mobile markets, has called bids for two mobile licences and short-listed 12 international consortia. Vodafone and China...
  • DoT likely to slap Rs 650 cr demand notice on Airtel 29-05-2013 09:35 PM

    New Delhi: The Department of Telecom is likely to slap a demand notice of Rs 650 crore on Bharti Airtel for allegedly violating licence norms on subscriber local dialing (SLD) services. "DoT this week has approved imposition of demand notices of financial penalty of Rs 500 crore and Rs 100...
  • Bharti Airtel to sell 5 pc stake for Rs 6800 cr to Qatar Foundation 03-05-2013 11:10 AM

    New Delhi: Telecom major Bharti Airtel on Friday announced it will sell 5 per cent stake to Doha-based Qatar Foundation Endowment (QFE) for around Rs 6,800 crore ($1.26 billion) by issuing over 199.87 million new shares. The company said in a statement that "it has entered into a binding agreement...
  • Bharti Airtel Q4 net down 31.1 per cent at Rs 1,084.4 cr 02-05-2013 10:26 AM

    New Delhi: Telecom major Bharti Airtel on Thursday reported a 31.1 per cent fall in standalone net profit at Rs 1,084.4 crore for the fourth quarter ended March 31, 2013, mainly due to higher expenses. The company's standalone net profit stood at Rs 1,574.3 crore in year-ago period. Total expenses...
  • 2G spectrum scam: Court fixes July 8 for proceedings 29-04-2013 01:24 PM

    New Delhi: A Delhi court on Monday fixed July 8 for further proceedings in the additional 2G spectrum allocation case in which Bharti Cellular CMD Sunil Mittal, Essar Group promoter Ravi Ruia and others have been summoned as accused. Special CBI Judge OP Saini deferred the matter as the Supreme...
  • Reliance Jio signs pact with Bharti for cable network 23-04-2013 11:47 AM

    New Delhi: Reliance Industries' telecommunications arm will use Bharti Airtel's submarine cable network to provide data connectivity across Asia Pacific, the two Indian companies said on Tuesday. The i2i cable network connects India to Singapore and is wholly owned by Bharti, India's top mobile phone carrier. Bharti and Reliance Jio...
  • SC defers Sunil Mittal summons to April 22 15-04-2013 05:05 PM

    New Delhi: The Supreme Court has asked a lower court to defer until April 22 summons to Bharti Airtel Ltd Chairman Sunil Mittal in a case over alleged corruption in allocation of mobile airwaves. The apex court deferred the summons as it will continue hearing Mittal's plea seeking to have...
  • No new 3G customers in unlicenced zones for Airtel: SC 11-04-2013 12:52 PM

    New Delhi: Bharti Airtel cannot add new 3G customers in seven zones where it does not own the airwaves and offers the services through pacts with other carriers, the Supreme Court said on Thursday, pending a final ruling in the dispute. Bharti can, however, continue 3G services in the zones...