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1 min read
Airtel Africa reports $151 million loss in Q1 2023-24
Revenue in constant currency terms grew 20.4 per cent year-on-year to USD 1,377 million in the …
PTI
3 mins read
Airtel posts 54% rise in net profit to ₹2,442 crore in Q3
Bharti Airtel on Monday posted a 54 per cent jump in consolidated net profit to Rs 2,442.2 crore in…
PTI
2 mins read
Airtel Africa posts double-digit revenue growth and 82% surge in net profit on the back strong cost control and increased usage levels
Constant currency underlying revenue grew 23.3 per cent for the year and 19.1 per cent in Q4. …
1 min read
Airtel Africa gets $200 million investment from Rise Fund at a valuation of $2.65 billion – to list its mobile money unit in four years
Sunil Mittal-owned Airtel Africa, which offers telecommunications and mobile money services, has ra…
5 mins read
Brokerages remain bullish on Bharti Airtel post Q4 results
Brokerages continue to be bullish on Bharti Airtel’s prospects a day after India’s second-largest t…
1 min read
Airtel Africa to sell Tanzania's tower portfolio to SBA Communications Corporation and Paradigm Infrastructure for $175 million
Airtel Africa on Wednesday announced the sale of the tower portfolio belonging to Airtel Tanzania t…
4 mins read
Airtel’s Africa unit is now a nearly-billion dollar business where every user pays 40% more than the one in India
The rate of subscriber addition in Africa has increased from 1.9 million at the March 2019 t…
2 mins read
Bharti Airtel’s cash flows will grow for 2 years after 5G spectrum purchases too: Moody’s
Rating agency Moody’s Investors Service upgraded Bharti Airtel’s rating to Baa3 along with changing…
1 min read
Bharti Airtel reports 12.6% increase in revenue, ARPU up by 6.5%
In the same quarter of the previous fiscal, the consolidated net profit of the company stood at …
2 mins read
Expect to spend planned USD 650-700 mn capex in FY21: Airtel Africa
In management discussion and analysis of Q4 and FY20 earnings, Airtel Africa said that a detailed …
PTI
2 mins read
Airtel Africa Q4 profit dips 13%; says mid-term opportunity unchanged, despite rising volatility
The company, in a statement, however emphasised that it is entering "this period of increased volat…
PTI
2 mins read
Facing a furious price war at home, India’s largest telecom company Airtel is being forced to backpedal on its global ambitions
Airtel has been on a bumpy road off-late. And now, Airtel is forced to dial back on its int…
4 mins read
Amazon reportedly wants Airtel stake for $2 billion — and a partnership like Jio-Facebook and possibly, Google-Vodafone Idea
India seems to be the latest battleground for global internet giants like Amazon, Google, and Faceb…
2 mins read
India’s largest telco is eyeing two deals to reduce its high debt levels
Going forward, Airtel will need to maintain its solvency and cut down it’s debt. This is w…
1 min read
Bharti Airtel To Invest $1 Billion Every Year In African Markets
Airtel operates in 17 African countries and provides 3G services in 14 of them. Mittal also said th…
2 mins read
Fitch revises outlook on Airtel to negative from stable; affirms at 'BBB-'
"The negative outlook follows our revision of the outlook on India's Long-Term Foreign-and Local-Cu…
PTI
3 mins read
Bharti Airtel will not bid for 5G spectrum at Trai recommended price: Vittal
Bharti Airtel chief financial officer Badal Bagri during the earnings calls, however, said that the…
PTI
3 mins read
Fitch says removing Bharti Airtel from ratings watch to depend on Supreme Court ruling
New Delhi, Jan 9 () Fitch Ratings on Thursday said removing Bharti Airtel Ltd from its Rating Watch…
PTI
3 mins read
Airtel Q3 loss at Rs 1,035 crore after interest provisioning on AGR dues
"The net exceptional charge of Rs 10,500 million (Rs 1,050 crore) during the quarter ended December…
PTI
6 mins read
IBM And Google Have Discovered A Massive New Market Opportunity
In July 2011 it won a ten-year, $1.5 billion contract to provide Bharti Airtel, an Indian mobile-ph…