The Airtel Payments Bank has enabled Aadhaar Enabled Payment System (AePS) at over 2,50,000 of its banking points across India. Not just customers of Airtel Payments Bank, but of any bank with Aadhaar linked bank accounts can undertake financial transactions with AePS at the designated banking points of Airtel Payments Bank.
While smartphone brands like iQOO and Realme are ready with 5G smartphones, we are still waiting for Jio, Airtel and Vodafone Idea to get ready for the future.
Telecom tariff hikes from December last year has led to consolidation in the market-leading to gross subscriber fall, said a report from Motilal Oswal. After declining by 2.1 million in November 2019, the number of declines in active subscribers increased again by 3.5 m in December 19.
Bharti Airtel Chairman Sunil Mittal on Thursday met Telecom Minister as AGR issue looms large on his company. After his meeting, Mittal described AGR crisis as "unprecedented" for Indian Telecom industry. Airtel has until March 17 to pay Rs 35,600 crore to the government as part of (Adjusted Gross Revenue) payment.
Bharti Airtel boss Sunil Bharti Mittal on Wednesday said the telecom sector has been under stress for the last three-and-a-half years and the government should focus on its sustainability. Emerging out of the North Block after meeting top finance ministry officials, he told reporters that the issue of pending dues arising out of the Supreme Court ruling on Adjusted Gross Revenue (AGR) was not discussed.
Airtel on Monday paid Rs 9,500 crore and Rs 500 crore on behalf of Bharti Hexacom Ltd. to the Department of Telecom towards adjusted gross revenue (AGR), the company has said in a statement. Telecom operators Bharti Airtel, Vodafone Idea and Tata Tele are jointly liable to pay dues of over Rs 1 lakh crore.
The three companies are jointly liable to pay dues of over Rs 1 lakh crore, but they have informed the Department of Telecom (DoT) of making only partial payment, as per their representatives.
The Department of Telecommunications (DoT) on Friday ordered Bharti Airtel and Vodafone Idea to clear their adjusted gross revenue (AGR) dues before Saturday midnight
Bharti Airtel has offered to pay Rs 10,000 crore by February 20. The rest of the amount will be paid before the next date of hearing in the Supreme Court, the company said in a letter. The telecom company's offer came after the DoT ordered to clear the dues by 11.59 pm today.
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Airtel Payments Bank has raised close to Rs 225 crore from Bharti Airtel and Bharti Enterprises, as per regulatory documents.
Telecom major Airtel's Chief Regulatory Officer Ravi Gandhi has quit his post in the company, it was learnt on Thursday.
On a day when the Supreme Court-mandated deadline for Bharti Airtel and Vodafone Idea to pay Rs 88,624 crore in past dues ended, the Department of Telecommunications (DoT) on Thursday decided not to take coercive action against defaulters during pendency of their appeals seeking relaxation in the apex court's order.
Airtel's new Rs 179 prepaid plan offers unlimited calling, 2 GB data along with a life cover of Rs 2 lakh from Bharti AXA Life Insurance.
Airtel's new prepaid bundle at Rs 179 offers unlimited calling to any network, 2 GB data, 300 SMS along with a term life cover of Rs 2 lakh from Bharti AXA Life Insurance. The pack has a validity of 28 days.
Bharti Infratel was the top loser on the NSE. Its stock price fell nearly 10 per cent on the AGR verdict. JM Financials in a report said that it expects a governmental intervention soon to ensure that Vodafone Idea Limited (VIL) would not have to approach the NCLT next week due to payment deadline.
Debt-ridden telecom firm Vodafone Idea on Thursday said it is exploring further options, including filing of a curative petition after the Supreme Court dismissed its review plea on AGR matter.
Telecom operators Bharti Airtel, Reliance Jio and Vodafone Idea have submitted their applications for 5G trials, industry sources said. Airtel has joined hands with Huawei, ZTE, Ericsson and Nokia for 5G trials in the country, while Jio has partnered Samsung, sources said.
Bharti Airtel has announced allotment of 32.35 crore equity shares to eligible institutional buyers at an issue price of Rs 445 per share as part of USD 2 billion (over Rs 14,000 crore) qualified institutional placement that closed on Tuesday.
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