Thu, Jan 11, 2024
The industry requires an ARPU of INR 270-300 in the next 3-5 years for a pre-tax RoCE of 12-15 per cent to justify capex, noted the brokerage.
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Wed, Jan 10, 2024
BofA Securities on Tuesday upgraded the stock to 'neutral' and revised its target price to 1145, implying an upside of 7 per cent from Bharti Airtel's current share price. The brokerage analysts said that they were expecting a 'meaningful tariff hike' in the next 12 months that is likely to benefit the telecom firm.
Sun, Jan 07, 2024
The mcap of Life Insurance Corporation of India (LIC) soared Rs 7,020.75 crore to reach Rs 5,34,082.81 crore.
Mon, Jan 25, 2021
Vi vs Jio vs Airtel-Cheap prepaid plans: As many people are working from home amid the COVID -19 Pandemic in the country, internet usage and calling habits have been increased phenomenally. Due to frequent use, prepaid recharge plans are getting exhausted too early which, in the end, affects your pocket as you have to pay more and more.
ICICI Securities highlights that in Q2 FY21, consumer spends on mobile services (post GST) rose 4.5% QoQ / 23.9% YoY to Rs 373 bn on relaxation of lockdown. Postpaid net revenue improved 3.6% YoY, but is still down 1.4% YoY due to no material tariff hike unlike in the prepaid segment. Prepaid net revenue grew 7.5% QoQ / 35.8% YoY and ARPU rose 7.1 QoQ / 34.3% YoY to Rs 90. 4G subscriber (sub) addition accelerated to 4.6% QoQ (net add: 29.5 mn) to 676mn on higher shipment of smartphones.
Fri, Jan 22, 2021
Telecom major Bharti Airtel has launched prepaid plans, the Rs 78 and the Rs 248 packs for users in India. The two new plans are essentially add-on data packs that users can get for extra data. The new plans also come with a free Wynk Premium Music subscription so that users can get access to a number of music genres.
Wed, Jan 20, 2021
Online payment fraud: To protect Airtel customers from the growing incidents of online payment fraud, Airtel Payments Bank today launched ‘Airtel Safe Pay’ – India’s safest mode for making digital payments.
Thu, Jan 14, 2021
CLSA reiterates their Buy recommendation on Bharti Airtel with target price of Rs 730. Bharti Airtel remains CLSA’s top pick in Telecom Sector. In 2020, despite Reliance Jio gaining market share to 37% (increase by 4ppt), Airtel gained 2ppt market share to 32% and its ARPU was up 27%. 35% growth in Airtel’s data subscribers and tariff hikes will lead to continued growth. CLSA forecast a consolidated EBITDA CAGR of 16% over FY21-23E and the stock is inexpensive at a 10% discount to its five-year average EV/EBITDA.
Wed, Jan 13, 2021
Domestic stocks markets erased the early morning gains and turned flat on Wednesday, January 13, 2021. At 12:54 noon, the S&P BSE Sensex was trading 22.54 points, or 0.4% up at 49,539.35, while Nifty 50 index was trading at a gain of 20.40 points, or 0.14%, at 14,583.85.
Zee Business Managing Editor Anil Singhvi highlights that there was a time when 12 to 15 players were there in the Telecom Sector and after a major clean-up happened, there are only 3 players are left now. Reliance Jio and Bharti Airtel are 2 strongest players in the Telecom market.
Bharti Airtel on Tuesday said pursuant to the FDI approval in January 2020 granted to it by the DoT, the company has received necessary approvals for its relevant downstream investments.
Tue, Jan 12, 2021
Bharti Airtel share price: HSBC raised EBITDA estimates by 1%-3.5% over FY21-23e and net profit by 30% for FY22e, driven by higher India ARPU estimates. HSBC raised Bharti Airtel target price as they incorporate higher ARPU estimates and roll forward valuation to Dec-2021e. At HSBC’s target price, the implied valuation for Bharti Airtel's India and South Asia business would be 11.7x FY22e EV/EBITDA and 10.4x FY23e EV/EBITDA, respectively.
Mon, Jan 04, 2021
One key trend witnessed in 2020 was faster adoption of home broadband services. In the last six months to October, nearly four lk users were added every month. This was owing to two factors – Covid and cheaper plans. This will continue to result in faster adoption of broadband in India even in 2021. The outbreak of Covid-19 induced the culture of working and studying from home. Along with this in September, new broadband plans introduced by operators aided the growth. Operators not only introduced lower-end plans, but also started giving unlimited data.
Wed, Dec 23, 2020
In his chat with Market Guru Anil Singhvi, analyst Vikas Sethi revealed two stocks – one from cash market and other F&O. In the latter, he picked Bharti Airtel which is trading above 200 DMA. In cash markets, he picked Va Tech Wabag as his short term buy.
Thu, Dec 17, 2020
The Nifty opened on a higher note in line with positive cues from global markets on December 16, 2020. It traded in the range of 30-40 points for the rest of the day, waiting for some triggers. The Nifty Auto, Metal and Realty indices ended in the green. Stocks like HINDALCO, BHARTIARTL, HDFC, DIVISLAB and ONGC were top gainers that rose by 2-3%, while stocks like ICICI BANK, INDUSINDBK, ULTRACEMCO, GAIL and NTPC were top losers that fell by 0.5-1%. The Nifty closed at around 13696 levels with a gain of 0.82%.
Tue, Dec 15, 2020
Indian private telecom operators are engaged in a bitter war of words after Reliance Jio wrote a letter to TRAI complaining against Bharti Airtel and Vodafone's anti MNP competitive advertising during the ongoing farmers protest. Jio has alleged that telcos are spreading rumours that Jio and it's parent company will benefit from new farm bills
Wed, Dec 09, 2020
Bharti’s incremental AGR has grown sharply, narrowing its gap with the market leader, thereby driving higher market share. Bharti Airtel’s market share improved by 100 bps to 32.2% during Q2 FY21 (YoY). This compares to Reliance Jio grabbing 315 bps market shares to 39%. This gives us confidence that Bharti’s market share would continue to grow in FY22E too.
Tue, Dec 08, 2020
India Mobile Congress 2020: India is poised to derive full benefit of global investments on 5G standards and ecosystems in the coming two-three years, as equipment prices come down and devices become available, Chairman of Bharti Airtel, Sunil Mittal said on Tuesday
Wed, Dec 02, 2020
Recovery was led by smartphones, which jumped 3x QoQ/16% YoY to 54 mn and at the highest-ever share of 69% of total shipments. Feature phone shipments were down 30% YoY to 25 mn, led by a sharp 89% YoY fall in 4G feature phones to 1 mn. CLSA forecasts India’s smartphone user base to expand from 403 mn in FY20 to 590 mn by Mar-23CL, driven by a pick-up in smartphone migration. CLSA believes Bharti Airtel is best placed to play the sector’s rising smartphone penetration.
Tue, Dec 01, 2020
India's home broadband segment has been "highly underpenetrated" for years due to a weak wired infrastructure, execution woes, and high investment requirements, but Jio's entry, with aggressive targets, has drawn attention of all to the opportunity the market holds, according to a report
Wed, Nov 25, 2020
CLSA sees Bharti Airtel as well placed to play sector’s growth with 4G penetration at 52% of its subscribers and leading ARPUs. Vodafone Idea has lost 22 ppt share from peak. TRAI data reveals sector revenues during Q2 FY21 were up 26% YoY / 5% QoQ and are up 33% from lows of Q4 FY19. Vodafone Idea’s share loss decelerated to 40 bps QoQ, but it has lost 22 ppt revenue market share from peak.
Mon, Nov 23, 2020
Have you heard about eSIM? Do you know what is eSIM? In this day and age when everything is being converted into an electronic format instead of keeping it in a physical form, the humble eSIM comes to the fore. Riding the wave is the telecom industry which has started giving eSIMs.
Telecom tariff hike is needed as the current rates are "unsustainable" and market conditions will be seen before a call is taken, telecom czar and chairman of Bharti Airtel Sunil Mittal has said
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