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London, <keyword id="19994374" type="General" weightage="20" keywordseo="bharti" source="keywords">Bharti</keyword> Enterprises Founder and Chairman <keyword id="20035984" type="General" weightage="20" keywordseo="sunil-bharti-mittal" source="keywords">Sunil Bharti Mittal</keyword> on Wednesday became the first Indian citizen to be conferred an honorary <keyword id="20763363" type="General" weightage="20" keywordseo="knighthood" source="keywords">Knighthood</keyword> by Britain's King Charles III "for services to UK and India business relations". In a list of honorary British awards unveiled by the UK Cabinet Office, <keyword id="20134935" type="General" weightage="20" keywordseo="mittal" source="keywords">Mittal</keyword> receives a KBE under the Most Excellent Order of the British Empire - one of the highest honours conferred by a British monarch. The 66-year-old entrepreneur said in a statement that he was "deeply humbled" by the gracious recognition from King Charles. "The UK and India have historical relations, which are now entering a new era of increased cooperation and collaboration. I remain committed to working towards strengthening the economic and bilateral trade relationships between our two great nations," Mittal said. "I am thankful to the government of the UK, whose support and keen attention to the needs of business has been critical in making the country an attractive investment destination," he said. The KBE, conferred for a pre-eminent contribution in any field of activity, is awarded in an honorary capacity to foreign nationals. While the Knighthood conferred on UK nationals gives them the title of Sir or Dame, non-UK nationals awarded the honour add KBE (or DBE for women) after their name. Previous Indian recipients of the Honorary KBE include Ratan Tata (2009), Ravi <keyword id="20006262" type="General" weightage="20" keywordseo="shankar" source="keywords">Shankar</keyword> (2001) and Jamshed Irani (1997), conferred by the late Queen Elizabeth II. The investiture ceremony will be conducted by the British High Commissioner to India at a later date, when he will formally hand over the royal insignia to Mittal. The honour recognises Bharti Enterprises' work within the India-UK space, including with the UK government in the field of satellites. Sunil Bharti Mittal led the revival of OneWeb (now Eutelsat), leading a consortium with the UK government and other strategic investors to offer satellite broadband services globally, a company statement notes. Mittal has a strong connection with the UK, as a member of the India-UK CEO Forum and has previously been awarded the Honorary Doctor of Civil Law from Newcastle University and an Honorary Doctor of Laws from the University of Leeds. He is also a member of the Vice Chancellor's Circle of Advisors at the University of Cambridge. Additionally, Sunil Bharti Mittal has served on the Governing Body of the London Business School (LBS) and as a Member of the India Advisory Group at the London School of Economics and Political Science (LSE). In 2019, Bharti's Airtel Africa was listed on the London Stock Exchange and is a constituent of the FTSE100 Index.

Bharti Enterprises chief Sunil Bharti Mittal knighted by King Charles III

<keyword id="20253141" type="General" weightage="20" keywordseo="Bharti-Global" source="keywords" meta.keywordsubtype="org" meta.entityname="Bharti Global" meta.hostid="268" meta.entityid="Bharti Global">Bharti Global</keyword>, the international <keyword id="19895437" type="General" weightage="20" keywordseo="investment" source="keywords">investment</keyword> arm of Bharti Enterprises, will acquire about 24.5 per cent stake in <keyword id="20115879" type="General" weightage="20" keywordseo="BT-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="BT Group" meta.hostid="268" meta.entityid="BT Group">BT Group</keyword>, Britain's largest broadband and mobile company, from <keyword id="22756191" type="General" weightage="20" keywordseo="Altice-UK" source="keywords" meta.keywordsubtype="org" meta.entityname="Altice UK" meta.hostid="268" meta.entityid="Altice UK">Altice UK</keyword>, a release said on Monday. Although it did not divulge the size of the deal, market watchers say that at BT's valuation of roughly USD 15 billion dollars, the deal could be in the ballpark of USD 4 billion. The shares will be purchased through Bharti Televentures UK, which is wholly-owned by Bharti Global. Bharti Televentures UK has inked an agreement with Altice UK to acquire about 9.99 per cent stake of BT Group's issued capital imminently with the rest about 14.51 per cent of BT's share capital is to be acquired post regulatory clearances. Telecom billionaire Patrick Drahi's Altice UK, the largest shareholder in BT, has been struggling with high debt. "Bharti Global, the international investment arm of Bharti Enterprises, a leading Indian business group with world-class companies in telecoms, digital infrastructure and space communications, has reached an agreement to acquire an interest in 24.5 per cent of the issued share capital of BT Group plc from Altice UK," Bharti said in a release. Bharti hopes the investment will further help create new synergies in the telecom sector between India and UK in the areas of AI and <keyword id="19916120" type="General" weightage="20" keywordseo="5G" source="keywords">5G</keyword> R&amp;D and core engineering among others, "offering great potential to collaborate on industry best practices and emerging technologies". It is pertinent to mention here that Bharti and BT have a relationship going back more than two decades. In 1997, BT acquired a 21 per cent stake in Bharti Airtel, and hence Bharti's latest move to acquire a 24.5 per cent chunk in the iconic British company marks a defining moment for the Indian telecom conglomerate. Sunil Bharti Mittal, Chairman of Bharti Enterprises said: "Bharti and British Telecom (BT) have an enduring relationship going back more than two decades wherein BT owned 21 per cent stake along with two board seats in Bharti Airtel Limited from 1997-2001. Today marks a significant milestone in Bharti Group's history as we invest in BT - an iconic British company". Bharti's investment in BT aims to support the commitment of Prime Minister Narendra Modi towards his vision in elevating and broadening the India-UK ties, the release said. It noted that during the recently concluded visit of UK Foreign Secretary, David Lammy to India, the UK-India Technology Security Initiative was announced to expand collaboration in critical and emerging technologies across priority sectors including telecom. Sunil Mittal said: "This investment in BT aims to support the commitment of our Prime Minister towards his vision in elevating and broadening the India-UK ties. Bharti's own record of owning and operating telecom and broadband networks around the world is underpinned by placing customers, digital innovation and operational efficiency at the heart of its business". Shravin Bharti Mittal, Managing Director of Bharti Global said: "We review global investment opportunities in the world of technology from digital infrastructure to software. BT is well known to us from the long association with Bharti, so we are pleased to have this opportunity to acquire a significant stake in the company." Bharti believes that BT is poised for leadership in the telecom arena, especially home broadband services, he added. Meanwhile, BT Group, in a separate statement said the investment from Bharti is a strong vote of confidence in the future of the British telecom carrier and its strategy. Allison Kirkby, Chief Executive of BT said: "We welcome investors who recognise the long-term value of our business, and this scale of investment from Bharti Global is a great vote of confidence in the future of BT Group and our strategy". "BT has enjoyed a long association with Bharti Enterprises, and I'm pleased that they share our ambition and vision for the future of our business. They have a strong track record of success in the sector, and I look forward to ongoing and positive engagement with them in the months and years to come," Kirkby said. Barclays Bank PLC, acting through its Investment Bank served as the sole financial advisor and Linklaters LLP served as legal advisor to Bharti Global in connection with the transaction. 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Bharti to acquire about 24.5% stake in BT Group from Altice UK; deal estimated at $4 bn

As <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword> prepares for the 5G roll-out, Cloud major <keyword id="10875" type="General" weightage="100" keywordseo="ibm" source="Orion">IBM</keyword> and <keyword id="6354287" type="General" weightage="50" keywordseo="bharti-airtel" source="Orion">Bharti Airtel</keyword> announced to deploy Airtels edge computing platform in the country, which will include 120 network data centres across 20 cities. To begin with, <keyword id="15491" type="General" weightage="80" keywordseo="airtel" source="Orion">Airtel</keyword> edge computing platform backed by IBM Cloud Satellite will power <keyword id="44883" type="General" weightage="50" keywordseo="maruti-suzuki" source="Orion">Maruti Suzuki</keyword>'s initiatives to streamline plant productivity and quality operations. "As India gears up to experience 5G, we see a massive opportunity to help businesses across industries transform how they deliver goods and services," said Ganesh Lakshminarayanan, CEO-Enterprise, Airtel Business. "We have the largest network of edge data centers available in India under the Nxtra brand and we will leverage our work with IBM to help Indian businesses address their critical business needs with greater efficiency," he added. Once deployed, the platform is designed to enable large enterprises across multiple industries including manufacturing and automotive to accelerate innovative solutions that deliver new value to their clients and operations -- securely at the edge. In India, 5G has the potential to create a cumulative economic impact of $1 trillion by 2035. Howard Boville, Head of IBM Cloud Platform, said that teaming with Airtel to bring IBM's hybrid cloud offerings to their Indian multi-access edge compute customers "will help them embrace the opportunities presented by 5G and edge, like innovating with greater speed and security". Airtel's edge computing platform, deployed as a hybrid environment, is based on IBM Cloud Satellite and Red Hat OpenShift. "We are excited to work with Airtel Business and IBM to set an even higher benchmark and explore the vast possibilities of deploying AI and analytics at the edge to augment the expertise of our workforce," said Rajesh Uppal, Senior Executive Director, HR and IT, Maruti Suzuki. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/gadgets/news/vu-gloled-tv-launched-in-india-with-a-subwoofer-and-a-glo-ai-processor-at-a-starting-price-of-33999/articleshow/94194004.cms">Vu GloLED TV launched in India with a subwoofer and a Glo AI processor at a starting price of ₹33,999</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/chhatrapati-shivajiraje-bhosale-a-12th-generation-descendant-of-chhatrapati-shivaji-maharaj-passes-away-in-pune/articleshow/94192278.cms">Chhatrapati Shivajiraje Bhosale, a 12th generation descendant of Chhatrapati Shivaji Maharaj passes away in Pune</a>

IBM, Airtel tie up to power Indian enterprises in 5G era

<keyword id="6442632" type="General" weightage="20" keywordseo="Sunil-Bharti-Mittal" source="Orion">Sunil Bharti Mittal</keyword>, Chairman of <keyword id="6406583" type="General" weightage="80" keywordseo="bharti" source="Orion">Bharti</keyword> Enterprises and founder of Bharti <keyword id="15491" type="General" weightage="20" keywordseo="airtel" source="Orion">Airtel</keyword> revealed a significant technological leap for <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword> during his address at the 7th edition of the India Mobile Congress. Speaking to a captivated audience, Mittal declared, "A new technology is now available for our country. <keyword id="1552898" type="General" weightage="20" keywordseo="satellite-communication" source="Orion">Satellite communication</keyword> is here to serve every inch of our country and of course the globe." Mittal credited this achievement to the successful collaboration with ISRO (Indian Space Research Organisation), stating, "With your intervention, we were able to get two rockets GSLV Mk 3 from ISRO to launch 72 satellites last year." He went on to unveil the ground-breaking OneWeb constellation, in which Bharti holds the largest stake, now poised to serve both the nation and the entire world. Starting next month, India will witness an unprecedented era of connectivity, as Mittal proudly announced, "Anybody anywhere in the country, however remote or far or in difficult areas, can be connected from our Satellite ground station that has been set up in Mehsana, Gujarat." This technological advancement in satellite communication promises to bridge the digital divide in India, connecting even the most isolated regions, fostering development, and transforming the way the nation communicates. Mittal's announcement marks a pivotal moment for India's technological landscape, opening up a world of possibilities for connectivity, communication, and progress. The Chairman of Bharti Enterprises also spoke about how India's digital infrastructure can accelerate the World economy. "Two pillars are very important for IMC 2023...First was Digital India...You raised the slogan of JAM Trinity which was based on Jan Dhan, Aadhar and Mobile is being discussed across the world. Whether it is the World Bank, UN, WTO, African Union, European Nation, G20, OECD Countries, or BRICS, there is only one slogan, the Digital Infrastructure that India has built can accelerate the world economy, especially in those countries which have a lack of infrastructure...The second most important one is Make in India" Sunil Bharti Mittal said. The India Mobile Congress serves as a platform to showcase India's technological advancements and innovations while facilitating discussions on the nation's digital future.

Sunil Bharti Mittal announces satellite communication breakthrough for India at India Mobile Congress 2023

<ul><li><keyword id="3977169" type="General" weightage="80" keywordseo="oneweb-ltd" source="Orion">OneWeb Ltd</keyword> is the UK-based customer of <keyword id="7835598" type="General" weightage="80" keywordseo="nsil" source="Orion">NSIL</keyword>, <keyword id="6358064" type="General" weightage="20" keywordseo="isro" source="Orion">ISRO</keyword>'s commercial arm.</li><li><keyword id="117954" type="General" weightage="80" keywordseo="bharti-enterprises" source="Orion">Bharti Enterprises</keyword> is one of the major investors in <keyword id="2686914" type="General" weightage="20" keywordseo="oneweb" source="Orion">OneWeb</keyword>.</li><li>Indian space agency's heaviest rocket successfully placed 36 broadband communication satellites. </li></ul> Prime Minister <keyword id="6354477" type="General" weightage="80" keywordseo="narendra-modi" source="Orion">Narendra Modi</keyword> on Sunday congratulated ISRO, <keyword id="10244841" type="General" weightage="50" keywordseo="newspace-india-ltd" source="Orion">NewSpace India Ltd</keyword> (NSIL) and IN-SPACe after the Indian space agency's heaviest rocket on its maiden commercial mission successfully placed 36 broadband communication satellites of a UK-based customer into the intended orbits. "Congratulations @NSIL_India @INSPACeIND @ISRO on the successful launch of our heaviest launch vehicle LVM3 with 36 OneWeb satellites meant for global connectivity. LVM3 exemplifies <keyword id="15333628" type="General" weightage="20" keywordseo="atmanirbharta-enhances" source="Orion">Atmanirbharta &amp; enhances</keyword> <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword>'s competitive edge in the global commercial launch service market," he said. OneWeb Ltd is the UK-based customer of NSIL, ISRO's commercial arm, and a global communication network powered from space, enabling internet connectivity for governments and businesses. Bharti Enterprises is one of the major investors in OneWeb. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/isro-enters-into-commercial-launch-market-by-placing-36-oneweb-satellites-into-orbit/articleshow/95044564.cms">ISRO enters into commercial launch market by placing 36 'OneWeb' satellites into orbit</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/how-green-are-green-crackers/articleshow/95039145.cms">How green are green crackers?</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/ril-shareholders-to-get-shares-on-11-basis-in-soon-to-be-listed-jfsl/articleshow/95023780.cms">RIL shareholders to get shares on 1:1 basis in soon to be listed JFSL</a>

PM congratulates ISRO on successful launch of broadband satellites

<keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword>'s biggest-ever auction of spectrum that carries telephone and internet data signals, began on Tuesday with a total of 72 GHz (gigahertz) of 5G airwaves worth Rs 4.3 lakh crore on offer. <keyword id="2628697" type="General" weightage="80" keywordseo="billionaire-mukesh-ambani" source="Orion">Billionaire Mukesh Ambani</keyword>'s <keyword id="6354504" type="General" weightage="80" keywordseo="reliance-jio" source="Orion">Reliance Jio</keyword>, Sunil Mittal-led <keyword id="6354287" type="General" weightage="80" keywordseo="bharti-airtel" source="Orion">Bharti Airtel</keyword>, <keyword id="1553175" type="General" weightage="80" keywordseo="vodafone-idea" source="Orion">Vodafone Idea</keyword> and a unit of billionaire <keyword id="111343" type="General" weightage="80" keywordseo="gautam-adani" source="Orion">Gautam Adani</keyword>'s flagship <keyword id="118623" type="General" weightage="80" keywordseo="adani-enterprises" source="Orion">Adani Enterprises</keyword> are in the race to bid for 5G spectrum, that offers ultra-high speeds (about 10 times faster than 4G), lag-free connectivity, and can enable billions of connected devices to share data in real-time. In addition to powering ultra-low latency connections, which allow downloading full-length high-quality video or movie to a mobile device in a matter of seconds (even in crowded areas), <keyword id="59798" type="General" weightage="80" keywordseo="fifth-generation" source="Orion">Fifth Generation</keyword> or 5G would enable solutions such as e-health, connected vehicles, more immersive augmented reality and metaverse experiences, life-saving use cases, and advanced mobile cloud gaming among others. The auction is being held for spectrum in various low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz), mid (3300 MHz) and high (26 GHz) frequency bands. The bidding which started at 1000 hrs will continue till 1800 hrs and will carry over into the next day, if there exists a demand for spectrum and bidders are putting in bids. The number of days the auction ultimately stretches to will depend on the actual demand for radiowaves and the strategy of individual bidders, although the broad industry consensus is that it may last up to two days. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/upcoming-new-features-of-miui-14-and-supported-devices-leaked/articleshow/93127500.cms">MIUI 14 features and supported devices leaked—audio upgrades, new notification, and anti-fraud expected</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/suspected-case-of-monkeypox-in-ups-aurraiya-district/articleshow/93126209.cms">Suspected case of monkeypox in UP's Aurraiya district</a>

India's biggest spectrum auction begins; 5G airwaves worth Rs 4.3 lakh cr on offer

<keyword id="6354287" type="General" weightage="20" keywordseo="bharti-airtel" source="Orion">Bharti Airtel</keyword> and technology services major <keyword id="10863" type="General" weightage="100" keywordseo="capgemini" source="Orion">Capgemini</keyword> on Tuesday announced to collaborate on bringing India-specific, 5G-based enterprise grade solutions to the country. Capgemini's <keyword id="764355" type="General" weightage="20" keywordseo="5G" source="Orion">5G</keyword> Lab within its Mumbai campus and <keyword id="15491" type="General" weightage="80" keywordseo="airtel" source="Orion">Airtel</keyword>'s 5G Lab in Manesar, Haryana, will be the development hubs. Two 5G use cases have already been deployed by Capgemini at Airtel's 5G Lab, which are focused on smart health and immersive remote assistance for field operations and maintenance. "Our focus will be on enabling enterprises to leverage the benefits of 5G technology and identifying exciting new use cases to fuel innovation, revolutionize business models and accelerate digital transformation," said Ananth Chandramouli, Managing Director of the India Business Unit, Capgemini. The 5G use case solutions leverage computer vision, video analytics, augmented reality and AI/ML technologies. "Through this partnership with Capgemini, we look forward to offering our customers cutting edge solutions, which deliver the benefits of the 5G technology," added Ganesh Lakshminarayanan, CEO-Enterprise Business, <keyword id="2473631" type="General" weightage="20" keywordseo="airtel-business" source="Orion">Airtel Business</keyword>. Earlier this year, Airtel demonstrated India's first 5G experience over a LIVE 4G network. The telecom major has also demonstrated India's first rural 5G trial as well as the first cloud gaming experience on 5G. Airtel is currently spearheading the 'O-RAN Alliance' initiatives in India to build 5G solutions. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/ussd-mobile-banking-charges-trai-vs-airtel-vodafone-idea/articleshow/88249773.cms">TRAI’s push to make mobile banking services via USSD free faces stiff opposition from Airtel, Vodafone Idea</a> <a href="https://www.businessinsider.in/business/telecom/news/jio-tariff-hike-and-reports-of-bid-for-uk-telco-british-telecom-help-reliance-bounce-back/articleshow/87974095.cms">Jio tariff hike and reports of bid for UK telco British Telecom help Reliance bounce back</a>

Airtel joins hands with Capgemini to develop India-specific enterprise 5G solutions

<ul><li><keyword id="17888391" type="General" weightage="20" keywordseo="jiobharat" source="Orion">JioBharat</keyword>'s competitive pricing and decent device quality are expected to attract existing feature phone users. </li><li><keyword id="6354287" type="General" weightage="20" keywordseo="bharti-airtel" source="Orion">Bharti Airtel</keyword> may experience voice subscriber churn of approximately 17 million by March 2026. </li><li>Analysts at Jefferies Equity Research maintain a BUY rating with a revised price target of ₹1,020. </li></ul>Back in September 2016, Reliance <keyword id="2003276" type="General" weightage="20" keywordseo="jio" source="Orion">Jio</keyword> disrupted the Indian telecom market when it launched its mobile telephony and data services. Cut to 2023 and Jio is set to disrupt the market again with JioBharat the cheapest <keyword id="122479" type="General" weightage="20" keywordseo="4g" source="Orion">4G</keyword> feature phone priced at ₹999. Analysts at Jefferies Equity Research while analysing the impact of the launch, believe that over the next few years this will hit Bharti Airtel, its biggest competitor, with a potential 1-4% reduction in their India-mobile subscribers. <cmsannotation type="cmsannotation" annotationid="Jio expected to gain market share" comment="subhead" text="Jio expected to gain market share">Jio expected to gain market share</cmsannotation> JioBharat's competitive pricing and decent device quality are expected to attract existing feature phone users. Those nearing the end of their device life could potentially save 26% on their overall mobile expenses (device + service) by switching to JioBharat. However, users who are content with their current handsets may not switch. As a result, JioBharat is estimated to have an annual addressable market of approximately 60-65 million users. Based on this, the report anticipates Reliance Jio gaining around 55 million subscribers by March 2026. <cmsannotation type="cmsannotation" annotationid="Airtel’s subscriber estimates lowered" comment="subhead" text="Airtel’s subscriber estimates lowered">Airtel’s subscriber estimates lowered</cmsannotation> Bharti Airtel currently has around 130 million active 2G subscribers and over 100 million paying voice subscribers, giving it a substantial 40-50% share in the 250 million <keyword id="8627917" type="General" weightage="20" keywordseo="feature-phone" source="Orion">feature-phone</keyword> market. Despite having a better <keyword id="6359918" type="General" weightage="20" keywordseo="network" source="Orion">network</keyword> compared to other 2G operators, its dominant position in the feature-phone market may result in higher subscriber losses. As a consequence, the report projects Bharti Airtel to experience voice subscriber churn of approximately 17 million by March 2026, leading to a potential 1-4% reduction in their India-mobile subscriber estimates for the fiscal years 2024 to 2026. <cmsannotation type="cmsannotation" annotationid="What else is affecting Bharti Airtel’s growth?" comment="subhead" text="What else is affecting Bharti Airtel’s growth?">What else is affecting Bharti Airtel’s growth?</cmsannotation> Jio's focus on subscriber gains through network capacity additions and JioBharat launch may delay tariff hikes. Tariff hike assumptions are adjusted from 15% by end of calendar year 2923 to 20% in Q2 FY2025, resulting in a 3-5% cut to FY2024-2025 India Mobile average revenue per user (ARPU) estimates. The recent 68% devaluation of Nigerian Naira vs USD affects Bharti Airtel's Africa growth until Q1 FY2025, leading to a 17-21% reduction in Africa revenues and Ebitda. The market value of Airtel Africa has also corrected by 15% due to the Naira devaluation. <cmsannotation type="cmsannotation" annotationid="BUY rating maintained" comment="subhead" text="BUY rating maintained">BUY rating maintained</cmsannotation> Considering the delay in tariff hikes and the potential subscriber churn due to JioBharat, the analysts have revised their FY2024-2026 India revenue/ EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) estimates for Bharti Airtel, reducing them by 2-5%. However, it is still anticipated that Bharti Airtel will achieve strong growth with 15-16% CAGR in India revenue and EBITDA over FY 2023-2026, along with improving return on capital employed (ROCE) and generating more free cash flow. Furthermore, the impact of JioBharat may accelerate the move towards a duopoly in the market, leading us to raise the target enterprise value (EV)/EBITDA for India to 10x (in line with the 5-year average). So the analysts maintain a BUY rating with a revised price target of ₹1,020. The BUY rating is based on a favourable risk-reward scenario at the current price levels. Key factors contributing to this recommendation are Bharti's significant share gain in 4G subscribers, their intention to increase ARPU, and an optimistic tariff outlook driven by the government's stake in the stock. These factors align to present a compelling case for investors to consider buying Bharti's shares.<div type="image" title="Bharti Airtel" msid="102104466" hostid="261" sizebytes="22694"></div>

Will the newly launched JioBharat feature phone impact Airtel? Jefferies believes so

<ul><li><keyword id="1553175" type="General" weightage="100" keywordseo="vodafone-idea" source="Orion">Vodafone Idea</keyword> reported a net loss of ₹7,990 crore in Q2 as compared to ₹7,231 crore in the same quarter, a year ago. </li><li>The telco also lost 5.8 million subscribers during the quarter, but its average revenue per user (<keyword id="107848" type="General" weightage="80" keywordseo="arpu" source="Orion">ARPU</keyword>) improved to ₹135 from ₹131 in the previous quarter. </li><li>The company’s CEO <keyword id="2786361" type="General" weightage="80" keywordseo="akshaya-moondra" source="Orion">Akshaya Moondra</keyword> maintained that Vi is engaging with lenders and investors to raise funds for network expansion and 5G rollout. </li></ul>Vodafone Idea’s troubles continue to worsen as its net loss widened to ₹7,990 crore in Q3, both on a year-on-year and sequential comparison. It was also higher than analyst estimates, albeit<a href="https://economictimes.indiatimes.com/markets/stocks/earnings/vodafone-idea-q3-preview-debt-ridden-telco-may-report-wider-loss/articleshow/97863951.cms"> marginally</a>. The telco reported a net loss of ₹7,596 crore in Q2, and ₹7,231 crore in Q3 last year. On the other hand, its revenues grew 9.3% YOY to ₹10,621 crore. Sequentially, its topline was flat – the telco<a href="https://www.businessinsider.in/business/telecom/news/vodafone-ideas-q2-loss-widens-to-7596-crore/articleshow/95282354.cms"> reported</a> a revenue of ₹10,615 crore in Q2. Vi’s stock was trading flat in the first half on Wednesday at ₹7.7. <cmsannotation type="cmsannotation" annotationid="Subscriber base continues to shrink, but 4G user additions boost ARPU" comment="subhead" text="Subscriber base continues to shrink, but 4G user additions boost ARPU">Subscriber base continues to shrink, but 4G user additions boost ARPU</cmsannotation> Like its peers <keyword id="6354287" type="General" weightage="80" keywordseo="bharti-airtel" source="Orion">Bharti Airtel</keyword> and <keyword id="6354504" type="General" weightage="80" keywordseo="reliance-jio" source="Orion">Reliance Jio</keyword>, Vodafone Idea also reported a slight uptick in its average revenue per user (ARPU) during the quarter to ₹135, as compared to ₹131 in the previous quarter, and ₹115 a year ago. Its ARPU is still significantly lower than that of its rivals Bharti <keyword id="15491" type="General" weightage="80" keywordseo="airtel" source="Orion">Airtel</keyword> and Reliance Jio. While Airtel<a href="https://www.businessinsider.in/business/telecom/news/bharti-airtel-q3-net-profit-jumps-91-to-1588-crore-misses-estimates/articleshow/97698481.cms"> reported</a> an ARPU of ₹193 in Q3, Jio<a href="https://www.businessinsider.in/business/telecom/news/reliance-jios-net-profit-up-3-2-sequentially-at-4881-crore-in-q3-on-better-subscriber-mix/articleshow/97179677.cms"> reported</a> an ARPU of ₹178.2. Vi’s total subscriber base continued to shrink, declining to 228 million in Q3 from 234 million in the previous quarter. In the same period last year, Vi’s subscriber base stood at 247 million. On a positive note, Vi’s 4G subscriber base continued to increase. In Q3, Vi added 1 million 4G subscribers, taking the total to 121.6 million at the end of the quarter. Vi’s 4G subscribers as a percentage of its total subscribers increased to 53.2% during Q3, up from 51.5% in the previous quarter. Vodafone Idea’s Q3 in numbers: <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q3 FY23 </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q2 FY23 </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q3 FY22 </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹10,621 crore </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹10,615 crore </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹9,717 crore </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net profit </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">- ₹7,990 crore </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">- ₹7,596 crore </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">- ₹7,231 crore </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ARPU </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹135 </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹131 </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹115 </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total subscribers </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">228.6 million </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">234.4 million </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">247.2 million </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4G subscribers </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">121.6 million </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">120.6 million </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">117 million </td></tr></tbody></table> Source: Company reports <cmsannotation type="cmsannotation" annotationid="Engaging with lenders and investors for 5G rollout says Vi" comment="subhead" text="Engaging with lenders and investors for 5G rollout says Vi">Engaging with lenders and investors for 5G rollout says Vi</cmsannotation> Even as its rivals Bharti Airtel and Vodafone Idea rolled out their respective 5G networks extensively across the country, Vi says it is still in talks with stakeholders for its 5G rollout. “We continue to remain engaged with our lenders for further debt fund raising as well as with other parties for equity or equity-linked fund raising, to make required investments for network expansion and 5G rollout,” said Akshaya Moondra, CEO, Vi. Vi acquired 5G spectrum worth ₹18,799 crore, payable in 20 annual installments. Its rivals Airtel and Reliance Jio<a href="https://www.businessinsider.in/business/telecom/news/jio-vs-airtel-which-one-will-offer-faster-and-more-reliable-5g-services/articleshow/93516727.cms"> acquired</a> spectrum worth ₹43,084 crore and ₹88,078 crore, respectively. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/adani-enterprises-posts-820-crore-net-profit-in-q3-gautam-adani-says-current-market-volatility-temporary/articleshow/97914997.cms">Adani Enterprises posts ₹820 crore net profit in Q3: Gautam Adani says current market volatility temporary</a> <a href="https://www.businessinsider.in/business/corporates/news/adani-group-market-cap-falls-below-10-lakh-crore/articleshow/97907746.cms">Adani group’s market cap falls below ₹10 lakh crore as sell-off continues</a> <a href="https://www.businessinsider.in/business/corporates/news/nykaas-stock-plunges-4-2-after-its-q3-net-profit-slips-70/articleshow/97901748.cms">Nykaa’s stock plunges 4.2% after its Q3 net profit slips 70%</a>

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