Latest Updates on Bharti Airtel
BHARTI AIRTEL on 23rd February is up by 2.56% (+Rs.9.30) at 1:49 pm at NSE, share price of Bharti airtel is up due to Bharti decision of buying Telenor`s India.
BHARTI AIRTEL on 02nd February rose by 2.28% and closed @ 353.30 (+8.20) at NSE a day after union budget 2017, stock rose up with a hopes of strong market opportunities for consumer and service companies.
BHARTI AIRTEL on 30th January 2017 shot up around 14% on
speculation over Idea cellular and Vodafone merger news. If this
deal happens then Airtel will be in better position to retain
its market share than before, as market experts said.
Today stock opened @ 323.10 and made a low @ 322.10 after that it shoot up and made intraday high @ 369.95 and closed @ 346.40 up by 7% (+22.65) at NSE.
BHARTI AIRTEL on 27th January 2017 has come up with new offer
for 4G dongles, on purchasing new connection Airtel offers
double data on New 4G dongles. While purchasing new users will
be asked to choose 4 different plans from Rs.450 - Rs.1500, all
this new plans and strategies is due to its new rival in telecom
sector Reliance Jio, who has already gained 73 million 4G users
and that too in short time span.
Moreover credit rating Moody's maintain its outlook on Bharti airtel despite weak results. Bharti continues to attract a Baa3 rating. After this news stock moved up sharply and on 27th January 2017, stock closed at 323.75 at NSE up by 3.98% (+ Rs.12.40).
BHARTI AIRTEL share is down by 3% on 25th January 2017, stock was down because of poor results posted by company yesterday, at NSE stock was trading around Rs. 307 per share down by -3% (Rs. 9.25) as per its yesterdays closing. Bharti airtel profits were down 54.5% due to price war traffic with Reliance Jio in India.
BHARTI AIRTEL on 24th January 2017 declared its Q3 results ending December 2016, Bharti Airtel is the India's largest telecom company and it posted a drop in its net profit which is 54.5%, profits are down due to price war with a new entity in telecom industry, Reliance Jio. For Oct-Dec 2016 Airtel posted net profit of 504cr, if we see 2015 same quarter profit, which is Rs.1,108 cr. Since Reliance Jio launch, Airtel has slashed its data tariff by 66%, fearing loss in market share.
BHARTI AIRTEL is in talk with its rival Millicom International for possible merger in Ghana
(news on 23rd January 2017), its a step from Bharti airtel of make profit in Africa region
since it entered in year 2010. If this merger happens then Airtel will become number one operator in Ghana replacing Vodafone.
Both companies are in talk and possible to have equal shares of joint venture.
BHARTI AIRTEL CEO Sunil Bharti Mittal told in an interview (on
22nd January 2017) with BloombergQuint that they are considering the merger of some its
interests as it attempts to cut $12 billion debt.
Bharti African unit lost $91 million against $170 million loss in the quarter ended September in year 2016. After facing continues loss in the African unit company is attempting to cut costs.
Bharti has also entered in final stages of discussion with Telenor to acquire its local unit and it is possible to close this deal by February 2017.
Airtel is planning to combat its rivals Reliance Jio and also planning to get rid of its debt pile. Currently Airtel is operating in 5 African markets that includes Nigeria, Kenya and Rwanda.
BHARTI AIRTEL is planning to raise funds via debentures, bond. (News on 19th January 2017).
"We hereby inform you that the Board of Directors of the company in its meeting to be held on January 24, 2017 shall interalia consider raising of funds through issue of debentures and bonds through private placement," the company said in a BSE filing
Bharti Airtel has a subscriber base of 801.81 million as of November 2016. During November only Airtel has added 1.08 million additional subscriber.
Bharti Airtel is the largest market share and second largest is Vodafone followed by Idea Cellular.