The Mukesh Ambani-controlled Reliance Jio Infocomm and the Sunil Mittal-led Bharti Airtel — two players that could soon be seen locking horns in the 4G long-term evolution (LTE) space — on Tuesday signed an agreement to share telecom
After signing an agreement with the Punjab government of Monday, Bharti Airtel, country’s largest telecom operator in terms of subscriber base on Monday said it would invest more than Rs 4,000 crore in Punjab over the the period of five years.
Telecom stocks, for long time, have been the ugly ducklings of the market. Listed telecom stocks have delivered seven per cent over five years, while the Sensex has returned 124 per cent in the same period.
Bharti Airtel may sell its telecom tower business in Africa for $1.8 billion, CNBC-TV18 reported on Tuesday. If the deal goes through, this will help the company to reduce its debt of $9.69 billion (as of September).
Airtel Bangladesh, a unit of Sunil Mittal led Bharti Airtel, today said that it has launched 3G services in Bangladesh’s Dhaka and Chittagong cities. Airtel has about 7.5% market share in Bangladesh in terms of subscribers.
Bharti Airtel, India’s largest telecom company and service provider in 20 countries across Asia and Africa, announced on Tuesday that it has entered into a definitive agreement with the Warid Group to fully acquire Warid Congo SA.