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Bharti Airtel Ltd (BRTI.BO)

BRTI.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Bharti Airtel completes secondary share sale in Bharti Infratel
Tuesday, 8 Aug 2017 02:23am EDT 

Aug 8 (Reuters) - Bharti Airtel Ltd :Says Bharti Airtel announces successful completion of secondary share sale in Bharti Infratel.Says co via unit Nettle Infrastructure Investments announced successful divestment of 67.53 million shares of Bharti Infratel.Says Bharti Airtel will primarily use proceeds from sale to reduce its debt.Says sale was for a total consideration of over inr 25.70 billion.Following close of deal, Bharti Airtel and wholly owned subsidiaries together have equity holding of 58% in Bharti Infratel.  Full Article

Airtel Payments Bank and HPCL announce strategic partnership
Tuesday, 1 Aug 2017 05:04am EDT 

Aug 1 (Reuters) - Airtel Payments Bank: :Co and HPCL announce strategic partnership to boost India's digital payments ecosystem.  Full Article

Bharti Airtel exec says planning on launching 4G in 5 countries in Africa
Wednesday, 26 Jul 2017 06:45am EDT 

July 26 (Reuters) - Bharti Airtel Ltd :Exec says 2G and 4G will co-exist in India for a while; 3G will shut down faster.Bharti Airtel exec says planning on launching 4G in 5 countries in Africa.  Full Article

Bharti Airtel says June-qtr India ARPU was 154 rupees
Tuesday, 25 Jul 2017 07:54am EDT 

July 25 (Reuters) - Bharti Airtel Ltd ::June quarter India ARPU 154 rupees.June quarter India monthly churn 3.8 percent.Says June-quarter Africa ARPU $3.1.  Full Article

Bharti Airtel says June-qtr consol EBITDA margin down 1.9 pct Y-o-Y
Tuesday, 25 Jul 2017 07:54am EDT 

July 25 (Reuters) - Bharti Airtel Ltd :Says June quarter consolidated EBITDA margin at 35.6 pct, down 1.9 pct Y-o-Y.June quarter India revenues down 10.0 pct; Africa revenues up 1.5 pct Y-o-Y (constant currency) on an underlying basis.Says June - quarter consolidated mobile data revenues at INR 37.65 billion, down 16.8 pct Y-o-Y on an underlying basis.“Pricing disruption in Indian telecom market caused by entry of new operator continued with industry revenues declining over 15 pct y-o-y"‍​.Says new KYC norms impacted customer additions and consequently revenue growth in quarter in Africa.Says consolidated net debt at 878.40 billion rupees as of June 30, 2017.Says "mobile market remains turbulent in the current quarter as well, due to disruptive pricing by a new operator‍​".  Full Article

India's Bharti Airtel June qtr consol profit down about 75 pct
Tuesday, 25 Jul 2017 07:44am EDT 

July 25 (Reuters) - Bharti Airtel Ltd :June quarter consol profit 3.67 billion rupees versus 14.62 billion rupees last year.Consensus forecast for june quarter consol profit was 3.35 billion rupees.June quarter consol revenue 219.58 billion rupees versus 255.47 billion rupees last year.June quarter consol India mobile services revenue 129.15 billion rupees.June quarter consol Africa mobile services revenue 48.53 billion rupees.Exceptional items in quarter mainly include charge of INR 475 million towards operating costs on network re-farming and upgradation programme.  Full Article

Bharti Airtel terms Reliance Jio allegations false
Thursday, 20 Jul 2017 08:52am EDT 

July 20 (Reuters) - Bharti Airtel Ltd :Bharti Airtel -"by proposing transition to 'bill and keep' regime with zero MTC, Reliance Jio wants to simply transfer its cost to Airtel and other operators".Bharti Airtel says as per current estimates, cost for "bill and keep" with zero MTC would be to tune of INR 150 billion to INR 200 billion per year for industry.Bharti Airtel - cost transfer will allow Reliance Jio to price its services in a predatory manner to kill rest of industry and create a monopoly.Bharti Airtel - "allegations made by Reliance Jio regarding Airtel earning excess revenue from MTC are not only false but laughable".  Full Article

India's Bharti Airtel to invest 20 bln rupees in services including digital over next 3 yrs
Monday, 10 Jul 2017 05:57am EDT 

July 10 (Reuters) - India's Bharti Airtel :Exec says to invest 20 billion rupees in services including digital over next 3 years.Exec says investment will be in revamping stores, upgrading its app and improving its postpaid services.Exec says will provide mobile phone insurance.Exec says customers can carry forward unused data of up to 200 GB per customer per month.  Full Article

COAI releases May subscriber data
Friday, 16 Jun 2017 08:07am EDT 

June 16 (Reuters) - COAI::Reliance Jio total subscriber figures 112.2 million as of May - Industry body.Vodafone India unit adds 1.1 million subscribers in May - Industry body.Adds 190,043 subscribers in May - Industry body.Adds 2.1 million subscribers in May - Industry body.Aircel adds 173,091 mobile subscribers in May - industry body.  Full Article

COAI says Gopal Vittal re-elected as chairman
Friday, 16 Jun 2017 07:00am EDT 

June 16 (Reuters) - Cellular Operators Association of India::Gopal Vittal, managing director & chief executive officer (India and South Asia) of Bharti Airtel Ltd was re-elected as the chairman of COAI.Sunil Sood, MD & CEO- Vodafone India Ltd , will continue as the vice-chairman of COAI.  Full Article

Singtel posts 5.6 pct drop in Q1 profit

SINGAPORE, Aug 11 Singapore Telecommunications Ltd on Friday reported a 5.6 percent drop in first-quarter net profit, hurt by exceptional items and lower contributions from India's Bharti Airtel Ltd, one of its regional associates.