WEST BENGAL & ODISHA BHARTI AIRTEL AIRTEL
5G spectrum auctions: Bharti Airtel likely largest bidder, govt mops up around Rs 11,300 crore
India's second 5G spectrum auction concluded around Wednesday noon after seven rounds, lasting just over a day, with the government collecting approximately Rs 11,300 crore. Bharti Airtel is likely the largest bidder, acquiring airwaves in the sub-GHz 900 MHz band as well as in the 1800 and 2100 MHz bands. Market leader Reliance Jio likely bought 5G bandwidth in the 1800 MHz band.
Telcos bid for 5G worth ₹11,000 crore on first day of India's second spectrum sale
All three private carriers — Reliance Jio, Bharti Airtel and Vodafone Idea – are believed to have bid for sub-GHz (900 MHz) and select mid-band airwaves (1800 MHz, 2100 MHz) as they look to bolster their respective 5G spectrum holdings. High-band 5G airwaves in the 26 GHz band appear to have been given a miss on the opening day of the airwaves sale. In this year’s auction, the government has put 10.5 GHz of 5G spectrum in eight bands — 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3.3 GHz and 26 GHz — worth around Rs 96,238.45 crore at reserve prices on sale.
Rs 96,000-crore spectrum auction of 5G airwaves to kick off today
India's 5G airwaves auction starting Tuesday is expected to be subdued, with telecom giants having adequate holdings and low consumer 5G adoption. Analysts predict Reliance Jio, Bharti Airtel, and Vodafone Idea will collectively spend around Rs 12,500 crore, focusing on renewals and selective acquisitions. Interest costs for deferred payments are higher this year, with Airtel likely to be the top spender.
More users uplinking to 5G coming with a cost: Lower download speeds
Opensignal's report highlights the impact of rapid 5G deployment in India, revealing a surge in data usage that has strained mobile networks and led to decreased download speeds. In the first quarter of 2024, Reliance Jio's average download speeds declined compared to a year ago, while Bharti Airtel's improved. The national 5G download speed decreased from 304 Mbps in Q1 2023 to 280.7 Mbps in Q4 2023 due to increased subscriber numbers and data traffic.
Buoyed by ₹18,000 crore fund-raise, Vi beefs up 4G coverage, network in UP, Uttarakhand
The company plans to add a 900 MHz band layer, which will significantly enhance indoor network experience for its customers in the two circles. “The deployment of L900 coverage will be beneficial in urban areas with dense building infrastructure, as well as suburban and rural areas where signal penetration is a challenge,” Vi said in a statement Thursday.
Sensex extends record closing run to 4th session; Nifty slips below 23,550 levels
From the Sensex pack, Axis Bank and HDFC Bank were the top gainers, rising over 3% each. ICICI Bank, Kotak Mahindra Bank, IndusInd Bank, and SBI were other top index gainers. On the flip side, Titan, Bharti Airtel, Maruti, L&T, and NTPC were the top laggards.
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Telecom industry AGR in FYQ4 grew 1.9% on-quarter, Airtel narrows RMS gap with Jio: ICICI Securities
The report said that Bharti Airtel has been continuously narrowing its market share gap with Reliance Jio. Bharti Airtel’s revenue market share rose to 37.9%, up 35 basis points (bps) sequentially and 139 bps on year, in the fiscal fourth quarter. This compared with Reliance Jio’s AGR of 42.1% in FYQ4, up 3 bps and 49 bps on year.
Airtel likely to be biggest 5G spectrum buyer in June 6 sale: Analysts
Bharti Airtel is expected to increase its sub-GHz airwave holdings in the 900 MHz band across multiple circles in the upcoming spectrum auction, potentially becoming the top buyer despite Reliance Jio submitting the highest earnest money deposit (EMD). Airtel aims to bolster its rural mobile broadband coverage by enhancing its low-band airwaves arsenal. While Jio leads in sub-GHz spectrum holdings, Airtel's recent focus on rural expansion and improved financial position suggests significant investments in 900 MHz spectrum across 12 circles.
Rs 3 lakh crore wiped off! Sensex, Nifty slump for third day on profit booking; RIL, banks drag
Tuesday's volatile trade saw rampant profit booking. Reliance Industries, Bharti Airtel, ITC, Power Grid, ICICI Bank, and Axis Bank were the top contributors pulling down the Sensex. DOMS Industries closed 2.6% higher boosted by the company's net profit growth of 29% YoY to Rs 47 crore in the March-ended quarter.
RIL, banking stocks drive Sensex 150 pts higher; Nifty above 22,900
Benchmark equity indices opened higher on Tuesday, driven by index heavyweights like Reliance Industries and banking stocks, with BSE Sensex up 0.15% and Nifty50 up 0.19%.
Unstoppable bull run! Sensex, Nifty hit fresh lifetime highs on strong global market cues
Indian blue-chip indices, BSE Sensex and Nifty50, hit new record highs on Monday driven by Tata Steel, Bharti Airtel, JSW Steel, NTPC, HDFC Bank, and Kotak Bank; Wipro, Maruti, M&M, Asian Paints, and Power Grid opened lower. Adani Ports surged 3% after joining Sensex.
IT stocks sink, dragging Sensex, Nifty to flat close
IT stocks closed lower amid concerns over tighter-for-longer US monetary policy. Sensex settled at 75,410.39 while broader NSE Nifty ended at 22,957. HDFC Bank, Bharti Airtel, L&T, Axis Bank, NTPC, and UltraTech Cement saw gains, while Tech Mahindra, Asian Paints, TCS, M&M, and Titan closed with losses.
New highs on D-Street! Nifty scales Mt 23K, Sensex hits fresh peak
Indian benchmark equity indices Nifty and Sensex hit fresh record highs on Friday, led by banking and financial stocks, despite robust U.S. economic data.
Telco EMDs for June 5G sale lowest since 2014 auction: Analysts
India's top telcos submit low earnest money deposits (EMDs) for the upcoming 5G spectrum auction, marking the lowest since 2014. Analysts suggest selective bidding, foreseeing maximum spectrum demand of $2.5 billion, far below previous auctions. Reliance Jio leads EMDs; Airtel and Vi likely focus on renewals and selective bidding for 5G rollout.
D-Street off to a muted start as Fed minutes dim rate cute hopes
Nifty and Sensex opened flat on Thursday after disappointment in recent inflation data from the Federal Reserve, dampening hopes of an early rate cut. BSE Sensex traded 24 points higher at 74,245, while Nifty50 was at 22,604. Federal Reserve officials expressed concern about inflation persisting above the 2% target.
Bidding wars back? Reliance Jio move signals a spectrum of possibilities
Mukesh Ambani's Reliance Jio leads with a Rs 3,000 crore deposit for the June spectrum auction, while Airtel and Vi follow with Rs 1,050 crore and Rs 300 crore, respectively. Despite no license renewals, Jio's hefty deposit earns it top eligibility points. The auction targets Rs 96,317.65 crore in 5G airwaves.
Sensex, Nifty off to a muted start as Street awaits US inflation print
Indian benchmark equity indices opened slightly higher on Wednesday, with BSE Sensex up 0.13% at 73,198 and Nifty50 up 0.2% at 22,261, as investors awaited U.S. inflation print for rate cut clues.
Reliance Jio and Airtel's net worth surges ahead of 5G auction; Vodafone Idea struggles
Reliance Jio and Bharti Airtel's net worth has seen significant improvements since the last spectrum auction in August 2022, while Vodafone Idea's negative net worth has widened. The upcoming auction on June 6 will see the three telecom players competing for Rs 96,317.65 crore worth of 5G airwaves. Reliance Jio's net worth as of March 31, 2023, was Rs 2,15,992 crore, Airtel's net worth rose to Rs 86,260 crore by December 31, 2023, and Vodafone Idea's net worth registered a negative of Rs 1,16,886 crore.
Sensex ends 260 points higher led by gains in ITC, RIL; Nifty tops 22,050
The 30-share BSE benchmark Sensex surged by 260 points or 0.36%, settling at 72,664. Meanwhile, the broader NSE Nifty witnessed a gain of 98 points or 0.44%, closing at 22,055.
Reliance Jio, Airtel and Vodafone Idea submit applications for upcoming Rs 96,317 crore spectrum auction
India's three private telecom operators, Reliance Jio, Bharti Airtel, and Vodafone Idea, are set to bid for a piece of 5G spectrum worth Rs 96,317.65 crore in the next auction, set to start on June 6. The auction will cover airwaves in various bands, with the government expected to make some selective buying. The auction is expected to be a muted affair, with top telcos having sufficient 5G airwaves for their current needs.
Sensex, Nifty end marginally higher; RIL limits upside
The 30-share BSE benchmark Sensex edged up 90 points or 0.12% to settle at 73,738 and the broader NSE Nifty rose 32 points or 0.14% to end at 22,368. Bharti Airtel, ITC, Infosys, SBI, Maruti, and Tata Motors were the top contributors to the Sensex.
Sensex rises for 3rd straight day, up 300 pts tracking global cues; Nifty above 22,400
Indian benchmark indices rose with financial, IT stocks, and Reliance Industries leading the gains. Markets rose with various stocks contributing positively. External factors and market concerns are being closely monitored.
Sensex, Nifty rally to record highs ahead of US inflation report; investors gain Rs 2 lakh crore
Sensex jumps 354 points to settle at 75,038. Nifty gains 111 points to 22,754. Nifty metals index rose 1.2%, hitting a record high for the second straight session.
Sensex rises 200 points, Nifty near 22,700 on gains in index heavyweights
Sensex and Nifty rise. Paytm CEO change and PB Fintech's new subsidiary affect stock prices. TCS to kickstart the quarterly results season. Global market factors influence trading sentiments.
Number of telecom subscribers grows marginally to 119.7 cr in Feb: TRAI
India's telecom subscribers increase to 1.197 billion in February 2024, with urban and rural areas showing growth. Broadband subscriptions also rise to 916.7 million, with Reliance Jio leading. All circles see growth in wireline and wireless segments. BSNL, MTNL, and APSFL hold a significant share in wireline market. Mobile number portability requests reach 115 million.
Bharti Hexacom pegs IPO price band at Rs 542-570 a share
Bharti Hexacom has pegged Rs 542-to-570 per share price band for its upcoming Rs 4,275 crore initial public offering (IPO) thqt opens April 3, and will pave the way for state-run Telecommunications Consultants India Ltd (TCIL) to divest 15% of its shares in the Bharti Airtel unit.
Bharti Hexacom IPO opens April 3; TCIL to halve stake in co to 15%
Bharti Hexacom IPO on April 3, TCIL divests 15%. Bharti Airtel keeps 70%. ₹5,000 crore revenue expected. BofA's view on wireless services potential in Hexacom circles.
Airtel's unit Bharti Hexacom gets Sebi nod to raise funds through an IPO
The government is looking to garner around Rs 10,000 crore through the stake sale by Telecommunications Consultants, a state-owned telecom engineering and consulting firm with business interests overseas, including in pan-African and West Asia markets.
Spectrum auction for eight bands to start from May 20: DoT notice
The Department of Telecom announced that the upcoming spectrum auction is scheduled to commence on May 20. The auction will include eight spectrum bands for mobile phone services, with a base price of Rs 96,317.65 crore. It encompasses spectrum from companies in insolvency proceedings and expiring frequencies. The Union Cabinet had approved these auctions in February, allowing interim allocations to telecom operators.
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