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India’s Bharti Airtel and Tata Teleservices may need to pay nearly 150 billion rupees ($2.15 billion) in spectrum charges to the government to clinch approval for their planned merger. The Department of Telecom is preparing to issue the demand as a condition…
Singtel Group has revealed plans to subscribe to Bharti Airtel’s 250 billion rupee ($3.57 billion) right issue, taking up its full entitlement for its direct stake of 15%. Airtel will take up 170 million new shares at an issue price of 220 rupees per share…
India’s Bharti Airtel has contracted Ciena to deploy a large-scale photonic control plane backbone network that will connect more than 4,000 towns across the nation. Under the agreement, announced at Mobile World Congress in Barcelona, the companies will…
India’s telecoms sector is facing at least three more quarters of losses due to the ongoing price war, according to industry body the Cellular Operators’ Association of India (COAI). The Indian GSM industry body’s director general Rajan Mathews told that he…
Indian telecoms operator Bharti Airtel has acquired AuthMe ID Services (AuthMe), a Bengaluru-based start-up focused on artificial intelligence (AI) based solutions, in a bid to bloster its AI portfolio. Financial details of the deal were not disclosed. As…
India’s Department of Telecom (DoT) has approved the planned merger between Telenor India and Bharti Airtel, which will create an operator with a subscriber base of around 334 million. The department has signed off on the merger after being directed to by the…
India’s Bharti Airtel reportedly plans to raise up to $1.5 billion through a public listing of Bharti Airtel International, the holding company for its African operations. The operator plans to dilute a 25% stake into the holding company for roughly $1…
India’s Bharti Airtel has launched what it says is a first-of-its-kind carrier digital platform for wholesale voice services. The new Global Voice service will allow global operators to enter wholesale voice arrangements with Airtel at the click of a button.…
India’s Bharti Airtel has approved a plan to merge its infrastructure unit Bharti Infratel with Indus Towers to create a listed pan-India tower company. The combined company will fully own the respective business of Bharti Infratel and Indus Towers, and will…
India’s Bharti Airtel has reported a steep 78% slump in net profit for the March quarter to 830 million rupees ($12.5 million), partly as a result of the industry’s ongoing price war. Revenue for the quarter fell 5.4% year-on-year to 196.3 billion rupees,…
The planned merger between Bharti Airtel and Tata Teleservices’ consumer mobile business is a positive for both the deal participants and the industry as a whole, according to Fitch Ratings. Airtel announced last week that it plans to absorb Tata…
India’s Bharti Airtel has agreed to acquire Tata Teleservices’ consumer mobile businesses as part of the wave of consolidation sweeping the sector. Under the agreement, Airtel will absorb Tata Teleservices’ consumer mobile businesses across 19 of India’s 22…
India’s Bharti Airtel and Idea Cellular have failed to secure a court injunction on a recent regulatory decision to slash and eventually abolish the interconnection usage charge (IUC). The two operators petitioned the Bombay High Court seeking an order to…
India’s Bharti Airtel has reported a steep 75% decline in first quarter profit as a result of the intense competition triggered by the entry into the market of Reliance Jio Infocomm. Net profit fell to 3.67 billion rupees ($56.9 million), marking the Indian…
India’s largest operator by subscribers Bharti Airtel has accused disruptive new market entrant Reliance Jio Infocomm of attempting to distort competition and create a monopoly with its proposal to scrap the current interconnect usage charge (IUC). At an…
India’s Bharti Airtel has announced plans to launch VoLTE services later this year to counter new market entrant Reliance Jio Infocomm. Airtel is trialing VoLTE in five cities and plans to become the second operator in the nation after Reliance Jio to launch…
