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Bharti Airtel

Reliance Jio splashes out $8bn in Indian airwaves auction
Business & Finance

Reliance Jio splashes out $8bn in Indian airwaves auction

  • Jio picked up a total of 488.35 megahertz (Mhz) in frequency bands of 800 Mhz, 1800 Mhz and 2300 Mhz, India's telecoms secretary Anshu Prakash told reporters.
  • The top three Indian wireless carriers - Jio, Bharti Airtel and Vodafone Idea - together bought airwaves worth 778.15 billion rupees ($10.60 billion) at the close of the two-day auction, Prakash said.
Published 02 Mar, 2021 09:10pm
India's Bharti Airtel swings to quarterly profit on subscriber gains
Business & Finance

India's Bharti Airtel swings to quarterly profit on subscriber gains

  • Airtel's subscriber base in India grew to 336.2 million, with the company adding 12.9 million 4G subscribers during the last three months of 2020 to reach 165.6 million.
  • The telco has been gaining subscribers over the past few months, with analysts pointing out that the firm has also seen gains in some of the key markets of loss-making rival Vodafone Idea.
Published 03 Feb, 2021 07:03pm
Indian shares hit record high on Airtel boost
Markets

Indian shares hit record high on Airtel boost

  • Shares of Bharti Airtel rose 5% and was the biggest boost to the Nifty 50 index after the company said on Tuesday it was initiating process to revise foreign investment limit up to 100%.
Published 13 Jan, 2021 09:43am