Back in 2010, competition in India's telecom sector was at its peak and Africa was looking attractive, given the low penetration, nearly double the average revenue per user (ARPU) and lower competition, with less than half the number of players as
Bharti Airtel Tuesday announced a cross-border remittance partnership with South Africa's MTN Group to facilitate mobile money transfer between the two West African countries of Ivory Coast and Burkina Faso.
Country's largest telecom operator Bharti Airtel today said one of its promoter group entity Bharti Telecom has bought 57.14 lakh shares of the company for Rs 171.92 crore through various market transactions.
Bharti Airtel has surged 5% to Rs 300 after Standard & Poor's (S&P) Ratings Services said that it had raised its long-term corporate credit rating on telecommunication services provider to 'BBB-' from 'BB+'.
Bharti Airtel, on Tuesday, said Airtel Networks Kenya Limited has sought an approval from the Communications Authority of Kenya to acquire the telecommunications licenses and subscribers of Essar Telecom Kenya Limited.
Nigeria's telecoms regulator has fined mobile operators MTN , Airtel and Globacom a combined 647.5 million naira and banned them from selling SIM cards in March due to poor service, it said on Thursday.
In line with the weakness across the telecom space, the Bharti Airtel stock has been trending downward due to concern on high spectrum payout, the Airtel Nigeria court case and uncertainty on pricing of services.
Bharti Airtel, which operates in 20 countries across Asia and Africa, on Thursday said it would move the Supreme Court of Nigeria against a February 14 judgment of the Court of Appeals, Lagos, which ruled in favour of Econet Wireless of Nigeria.
Bharti Airtel, the country's largest operator of mobile services with a little over 200 million subscribers, was a distant second to Vodafone in Mumbai: as against Vodafone's 7 million subscribers, it had only 4.2 million.
Bharti Airtel, India’s largest mobile operator by subscriber base, on Tuesday said it had entered into a strategic agreement with Loop Mobile to acquire Loop’s subscribers, as well as some of its assets, for about Rs 700 crore.
Bharti Airtel added around 3 million new subscribers to its existing base of 269 million subscriber through the acquisition of Loop Mobile. The acquisition will add around Rs 600 crore to Bharti's existing turnover of over Rs 80,000 crore.
Bharti Airtel has acquired Loop Mobile – a deal which will bring together Loop's 2G/EDGE enabled network supported by 2,500 plus cell sites, and Airtel’s 2G and 3G network supported by over 4000 cell sites across Mumbai.