AIRTEL AFRICA
Airtel and Jio expected to log steady growth, Vi may falter Reliance Jio and Bharti Airtel are expected to show steady growth in the June quarter, driven by strong broadband user additions, while Vodafone Idea (Vi) is likely to experience a dip in revenue due to ongoing customer losses. Airtel is anticipated...
04 Jul, 2024, 08.51 AM ISTBetter to own a set of stocks from the digital ecosystem rather than betting on one stock? 15 stocks with upside potential of upto 48% Few day’s back there was an issue with the telecom provider and the services stopped for some time. Now which would be the companies which got impacted the most, the telecom service provider, the answer is no. As a customer one would not get any red...
26 Jun, 2024, 04.19 PM ISTBuy realty stocks at 15-30% correction; don’t enter defence pack now: Dipan Mehta Dipan Mehta says that if one has missed out, then it is better to just stay away at this point. Even in bull markets, one should expect corrections and corrections are a good time to load up on stocks that have done exceptionally well and the future...
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Want a new phone number? It might come at a cost as Trai mulls fee TRAI is considering implementing charges on smartphone and landline numbers, following a proposal to regulate numbering resources. TRAI views phone numbers as valuable public resources and suggests charging mobile operators, who may then pass on the...
13 Jun, 2024, 08.08 PM ISTMukesh Ambani faces pushback in Ghana over exclusive 5G deal The Ghanaian government’s plan to launch a 5G network using a company partnering with Mukesh Ambani is a bad deal for the debt-ridden nation, which needs funds for critical development projects, the National Democratic Congress (NDC) said in a state...
04 Jun, 2024, 06.37 AM ISTAirtel's $100b market capitalisation reflects a stable economy under a solid leader: Sunil Mittal Sunil Bharti Mittal, Chairman of Bharti Enterprises, emphasized that Airtel's resurgence post the challenges posed by Reliance Jio's entry and the AGR ruling showcased India's stable economy and supportive policies under strong leadership. Reflectin...
30 May, 2024, 09.37 AM ISTAnother Ambani vs Mittal battle? A look into Airtel's African empire Bharti Airtel's African venture has been a rollercoaster ride, starting with a bold move by chairman Sunil Mittal in 2008. Despite initial struggles, Airtel Africa has managed to establish a strong presence in 14 countries. Meanwhile, Mukesh Ambani'...
27 May, 2024, 02.30 PM ISTRIL's Mukesh Ambani set for African safari with 5G tech solutions Radisys, a company owned by RIL's subsidiary Jio Platforms Ltd (JPL), is collaborating with Tech Mahindra and Finland's Nokia, to team up with Next-Gen Infrastructure Co. (NGIC). NGIC, in which the Ghanaian government, Ascend Digital, and K-Net have...
27 May, 2024, 06.24 AM ISTAirtel Africa’s Dutch hold-company completes $550 million bond repayment During Airtel Africa’s IPO back in June 2019, the (Airtel Africa) Group had $2,719 million of external debt at the HoldCo level, which had resulted in significant exposure to currency fluctuations and the reliance on upstreaming funds to cover both ...
20 May, 2024, 08.51 PM ISTVi's Rs 18,000-cr fundraise will increase competition, but it's good for Indian telecom, says Airtel's Gopal Vittal The Airtel managing director said that the telecom industry urgently needs substantial tariff repair, ideally via multiple rounds of price hikes to boost average revenue per user (ARPU) to the Rs 300 level as the current returns are way too low.
16 May, 2024, 09.04 AM ISTBharti Airtel shares gain 2% despite missing Q4 estimates. Should you buy, sell or hold? Bharti Airtel shares rose 2% to Rs 1,312.80 despite a 31% YoY profit decline to Rs 2,072 crore. Revenue grew 4% to Rs 37,599 crore. ARPU was Rs 209. Brokerages have a neutral stance on the stock. Motilal Oswal suggests a buy call.
15 May, 2024, 11.48 AM ISTBharti Airtel Q4 Preview: Revenue likely to jump 8% YoY on higher ARPU, subscriber base In the fourth quarter of the fiscal year 2023, Bharti Airtel recorded a consolidated profit after tax (PAT) of Rs 3,005 crore, which pertains to the company's owners. When factoring in the non-controlling interest, the PAT for the period increases t...
14 May, 2024, 06.25 AM ISTAirtel Africa Q4 Results: Net loss at $91 million on forex woes Airtel Africa Q4 Results: In a statement Thursday, Airtel Africa said the board has approved a share buyback programme of up to $100 million over a period of 12 months. The company purchased 7.4 million shares for a total consideration of $9 million...
09 May, 2024, 03.01 PM ISTBroadband business seen bolstering Q4 revenues for Airtel and Reliance Jio Analysts anticipate Reliance Jio and Bharti Airtel, leading telecom operators in India, to witness moderate sequential growth in their fiscal fourth-quarter mobile revenue. This growth is primarily driven by robust broadband user additions, with no ...
09 Apr, 2024, 03.25 PM ISTAirtel Africa Q3FY24 net plunges 92% YoY to $15 million Airtel’s Africa unit, though, reported subscriber additions and higher average revenue per user (ARPU) in the quarter. In a statement Thursday, Airtel Africa also said it will launch a share buy-back programme of up to $100 million, starting early M...
01 Feb, 2024, 03.09 PM ISTRevenue growth on cards for Jio, Airtel; user loss to weigh on Vodafone Idea Analysts belive strong broadband user growth and a surge in data consumption driven by the recent Cricket World Cup will help Reliance Jio and Bharti Airtel report sequential revenue growth in their mobile business in India in the fiscal third quart...
09 Jan, 2024, 08.44 AM ISTSunil Taldar named Airtel Africa's CEO Sunil Taldar has been appointed as the new CEO of Airtel Africa, succeeding Olesegun “Segun” Ogunsanya who is retiring, effective July 1. Taldar, previously the Director of Transformation, joined the Africa group in October 2023. Ogunsanya will beco...
03 Jan, 2024, 10.05 AM ISTAirtel Africa back in black, but Nigeria currency woes weigh "As reported in July 2023, our results for the first quarter were significantly impacted by the changes to the FX market in Nigeria, introduced by the central bank. While the changes are required for the long-term benefit of the Nigerian economy, th...
31 Oct, 2023, 12.26 AM ISTAirtel names Shashwat Sharma as COO, replacing Sunil Taldar who moves to Airtel Africa Bharti Airtel, India’s second largest telco, has elevated Shashwat Sharma to the post of chief operating officer as part of changes to its management board,according to an update on its official website, and filings to the Bombay Stock Exchange.
16 Oct, 2023, 04.55 PM ISTAirtel's perilous safari: How Sunil Bharti Mittal conquered Africa Sunil Bharti Mittal, Chairman of Bharti Enterprises and founder of Bharti Airtel, has urged the world to invest in Africa, calling it the last continent of hope. Mittal's own experience with Airtel's operations in Africa has given him insight into t...
31 Aug, 2023, 04.05 PM IST