Latest news with #SunilMittal-led
News18
4 days ago
- Business
- News18
Bharti Airtel Declines 3.2% On Promoter Selling: Should You Buy, Sell Or Hold?
Last Updated: Shares of Bharti Airtel declines by over 3.2%, after Sunil Mittal-led promoter entity sold nearly 1% of the company's equity worth Rs 12,563 crore. Bharti Airtel Share Price Today: Shares of telecom major Bharti Airtel on Friday declined by over 3.2%, after Sunil Mittal-led promoter entity sold nearly 1% of the company's equity worth Rs 12,563 crore. With this, the stock has fallen by more than 8% in the past one month. The stock was trading at Rs 1,866 apiece on the NSE as of 10:45 am, which is 2.9% lower as compared with the previous close of Rs 1,922.6. Indian Continent Investment Ltd, a shareholding entity led by billionaire Sunil Mittal, has launched a block deal to sell a portion of its stake in Bharti Airtel, Moneycontrol reported on Thursday citing sources. The stake sale is at a floor price of Rs 1,862 per share, the report said. The price is at a 3.15% discount to the telecom operator's last closing price of Rs 1,922.6. Indian Continent Investment, which sold a 0.84% stake in Bharti Airtel earlier this year, currently holds 2.47% of the firm and plans to offload around 0.8%, the report added. Bharti Airtel Shares: Should You Buy, Sell Or Hold? Ashish Chaturmohta, managing director of PMS at JM Financials, said, 'Our view on Bharti Airtel is positive. Today's block deal will make a good opportunity for 'buy on dips' because if you look at the quarterly earnings, the ARPU trajectory is in uptrend. We believe the ARPU (average revenue per user) is likely to go up to Rs 250, which will benefit telecom companies, especially Bharti Airtel where subscriber additions are strong." In this quarter, Airtel's debt-to-Ebitda ratio has come to a comfortable level amid strong debt reduction, he added. 'I believe Rs 1,800-1,820 trajectory will be a big opportunity to make a long-term position in Bharti Airtel," Chaturmohta said. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
4 days ago
- Business
- Time of India
Bharti Airtel promoter to sell 0.8% stake via Rs 9,300 crore block deal
Indian Continent Investment , a Sunil Mittal-led promoter entity in Bharti Airtel , may offload nearly 0.8% stake in the telecom company for over Rs 9,300 crore in a block deal on the exchanges on Friday, according to a term sheet seen by ET. The firm will sell 5 crore shares in the telecom operator, it said. The deal may be executed at a floor price of Rs 1862 per share, a 3% discount to Thursday's closing price of Rs 1,922.6. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Bharti Airtel did not respond to ET's emailed queries as of press time. Promoters owned a 51.25% stake in Bharti Airtel as of June 30. Indian Continent Investment held a 2.47% stake in the company, while Bharti Telecom owned 40.47%.
Time of India
04-08-2025
- Business
- Time of India
Bharti Airtel's arm launches sovereign cloud for enterprises; partners Singtel, Globe Telecom, Airtel Africa
NEW DELHI: Bharti Airtel 's fully-owned subsidiary, Xtelify , on Monday launched the ' Airtel Cloud ' platform for enterprises in India. The telecom company also launched an artificial intelligence (AI)-powered software platform that will enable telcos to alleviate underlying challenges of cloud migration, improve customer experience and improve average revenue per user (ARPU). Airtel Cloud presently handles 140 crore transactions per minute for the Sunil Mittal-led telco in India, however, it has been made available to enterprises in the country. 'Hosted on next-gen sustainable data centres, with Gen-AI based provisioning, and managed by 300 certified cloud experts, the highly secure and reliable Airtel Cloud offers IaaS, PaaS and advanced connectivity and guarantees secure migration, effortless scaling, lower costs and no vendor lock-ins,' Airtel said. Xtelify also signed partnerships with three global telecom carriers, under which, it will deploy the Xtelify Work for Singtel , Xtelify Serve for Globe Telecom , and Xtelify Data Engine, Work and IQ for Airtel Africa . The software platform, meanwhile, addresses every layer of the telecom value chain, and comes with a converged data engine for AI-led insights and intelligence at scale, a workfroce platform for real-time task streamlining and an experience platform for managing every element of the customer journey for a telco. Xtelify houses all of Airtel's digital capabilities, including AI-backed Airtel Cloud, Xtelify Work, Xtelify Data Engine, Xtelify Serve, and Xtelify IQ, backed by a 24x7 managed services hub in Pune. 'It is a very pivotal moment in our history as we take our world-class, homegrown platforms of Airtel Cloud and software solutions to businesses in India and telcos all over the world. We are privileged to have signed on partnerships with three top-tier companies already - Singtel, Globe Telecom, and Airtel Africa,' said Gopal Vittal, vice-chairman & managing director, Bharti Airtel. According to Vittal, Airtel has been harnessing digital innovations at scale to transform its services and enhance customer experiences, which has involved powering over 590 million customer touchpoints and solving complex telecom challenges. 'Today, we are also excited to take our telco-grade, sovereign-cloud platform and help businesses in India innovate faster, scale smarter and stay secure in today's rapidly-evolving digital landscape,' he added. 'We are always looking for ways to better equip our field engineers so we can deliver the best possible experiences to our customers. This platform enables us to reimagine our workflows with AI at the core, improving both efficiency and customer service,' said Ng Tian Chong, CEO, Singtel Singapore. Carl Cruz, president & CEO, Globe Telecom, said, 'By integrating Xtelify's AI-powered Case Management Platform into our operations, we bring to life our commitment to best-in-class service across every journey, from the first touchpoint to final resolution. This transformation enables a more seamless and transparent experience for our customers, where concerns are addressed with clarity, accountability, and genuine care.' 'We are excited to have Xtelify as a core technology partner, enabling us to deliver meaningful digital advancements and enriching the lives of millions across Africa,' said Jacques Barkhuizen, group chief information officer (CIO), Airtel Africa.
Time of India
02-07-2025
- Business
- Time of India
Bharti Airtel sees more wireless additions via M2M vs Jio in last seven months: IIFL Securities
NEW DELHI: Bharti Airtel has seen 70% of its wireless subscriber gains through the machine-to-machine (M2M) segment over the last seven months, compared to just 30% for its closest rival Reliance Jio , according to IIFL Securities . 'While Jio and Bharti have added similar wireless subs in the last seven months, the mix is quite different. 70% of Bharti's additions are M2M, probably due to its larger Enterprise presence vs 30% for Jio,' the brokerage firm said in a research note analysing the latest subscriber data put out by the Telecom Regulatory Authority of India ( TRAI ). ETTelecom has reviewed a copy of the research note. The sector regulator started disclosing M2M connections, which include postpaid SIMs used in remote sensors, tracking devices, and others, from April 2024. These SIMs typically have an average revenue per user (ARPU) of less than ₹10. TRAI's subscriber report, collated and released every month, includes M2M SIM count for Jio and Vodafone Idea (Vi), but not for Airtel. The Sunil Mittal-led telco posts M2M subscribers under Airtel Business, its enterprise unit, in segmental reporting, the brokerage noted. As per IIFL, Jio's mobile subscriber base (including M2M) increased from 460 million in October 2024 to 475.1 million in May 2025. During the same period, Airtel grew by 414.5 million to 430.4 million, while Vi declined from 210.5 million to 204.4 million. According to IIFL's analysis, Airtel's M2M subscriber base increased from 29.1 million in October 2024 to 40.1 million in May 2025, followed by Vi, which saw an increase from 15 million to 16.8 million, while Jio's M2M users increased from 9 million to 13.5 million during the same period. State-controlled Bharat Sanchar Nigam Limited 's ( BSNL ), on the other hand, grew from 3.1 million to 3.4 million. Industry-wide M2M subscribers rose from 56.1 million in October 2024 to nearly 74 million in May 2025. Airtel has a M2M market share of 54.31%, followed by Vi (22.74%), Jio (18.31%), and BSNL (4.63%), TRAI said. Furthermore, IIFL estimated that Jio's fixed wireless access (FWA) subscribers may have crossed the 7.5 million mark in June, surpassing US carrier T-Mobile, which had 6.85 million in the March 2025 quarter and has been adding 0.4 million per quarter. ICICI Securities also recently said that Jio is expected to have become the dominant FWA provider by subscribers globally, overtaking even T-Mobile, at the end of June. The Mukesh Ambani-driven telecom company's fibre and FWA subscriber base stood at 19.4 million, followed by Airtel (10.8 million). IIFL also found that fixed broadband accounted for a chunk of data traffic on Jio's fifth-generation (5G) network in the fiscal quarter that ended March 31, 2025. 'With 85% of Jio's FWA base on 5G (rest on UBR) and monthly per-capita data usage of 400GB, we estimate 5G FWA accounted for ~23% of 5G data traffic. With FWA ARPU per-capita data usage >10x of 5G mobile but ARPU being just 50% higher, it is not surprising that telcos are resorting to UBR for a part of their FWA rollout,' it added.
India.com
11-06-2025
- Business
- India.com
Bad news for Sunil Mittal, DoT penalises Bharti Airtel for…, with Rs…
The Department of Telecommunications (DoT) has fined Airtel with Rs 1,01,000 for failing to comply with subscriber verification norms outlined in its license agreement. This penalty was imposed after a Customer Application Form Audit conducted in April, which identified lapses in Airtel's customer verification process. According to the license agreement, telecom operators are required to thoroughly verify customer details before enrolling them as subscribers and adhere to the DoT's guidelines. To ensure compliance, the DoT routinely conducts audits of Customer Application Forms. During the April audit, Airtel was found to have violated these verification rules which led to the imposition of the penalty. In response, Airtel stated in an exchange filing that it will not contest or appeal the fine and has confirmed they will pay the penalty. Airtel In fight Against Digital Fraud Telecom operator Airtel has approached over 40 banks, as well as RBI and NPCI, proposing a close collaboration and a unified front to curb digital frauds, including sharing intelligence over repository of known fraudulent financial domains. Airtel has dialled NPCI, proposing a 'closer collaboration' to create a repository of known malicious financial domains, to enable proactive blocking of malicious and rogue sites and to build a multi-layered defence to combat digital frauds. The Sunil Mittal-led telco has also done a similar outreach with major banks, including SBI, HDFC and others, sources said. The company has also reached out to the Reserve Bank of India (RBI) for 'collaboration' to create a repository of known fraudulent financial domains. It has also mooted joint public education campaigns to raise awareness about evolving digital fraud tactics and safe practices. In a separate letter to NPCI, Airtel said it believes there is a strong potential for a partnership between Airtel and NPCI to further strengthen the security of India's digital payment systems. (With Inputs From PTI)
