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Bharti Airtel rose 1.11% to Rs 571.75 after the company announced its entry into the advertising business with the launch of Airtel Ads, a brand engagement solution. Airtel Ads allows brands of all sizes to curate consent based and privacy safe campaigns to one of the biggest pool of quality customers in India. Airtel has over 320 million customers across its businesses - Mobile, DTH and Homes. Airtel s Mobile customers have the highest average monthly data consumption at 16.8 GB and the highest monthly ARPU of Rs 166. Airtel s fast growing DTH and Homes networks serve premium households across the country. Using Airtel s deep data science capabilities, Airtel Ads allows brands to create high engagement and high impact campaigns to the most relevant customer cohorts. This also means that Airtel customers receive only the most relevant brand offerings and not unwanted spam. ....
Bharti Airtel and Qualcomm Technologies Inc. announced their collaboration for accelerating 5G in India. Recently, Airtel became India s first telco to demonstrate 5G over a LIVE commercial network in the city of Hyderabad. Through Airtel s network vendors and device partners, Airtel will utilize the Qualcomm SG RAN Platforms to roll-out virtualized and Open RAN-based 5G networks. Airtel, as a board member of the O-RAN Alliance, is committed to driving the success of O-RAN and is working with Qualcomm Technologies to explore and implement the O-RAN approach for India. The flexible and scalable architecture of O-RAN will create new opportunities for small and medium-sized businesses to become viable players in the deployment of 5G ....
Bharti Airtel said that it will acquire a Warburg Pincus affiliate s 20% equity stake in its DTH arm Bharti Telemedia for a total consideration of about Rs 3126 crore which will be discharged primarily via issuance of 36.47 million equity shares of Bharti Airtel at a price of Rs 600 per share; and up to Rs 1037.80 crore in cash. The proposed transaction is part of Airtel s strategy to align the shareholding of its customer facing products, services and businesses under the same holding group. A full control and ownership over Bharti Telemedia allows Airtel to offer differentiated and converged solutions to customers so as to promote One Home strategy. ....
Bharti Airtel rose 0.46% to Rs 596.80 after the company said that it will acquire a Warburg Pincus affiliate s 20% equity stake in its DTH arm Bharti Telemedia for a total consideration of approximately Rs 3,126 crore. The telecom company s board has approved the issuance of upto 3.64 crore equity shares of the company at Rs 600 per share; and up to Rs 1037.80 crore in cash. The proposed transaction is part of Airtel s strategy to align the shareholding of its customer facing products, services and businesses under the same holding group. A full control and ownership over Bharti Telemedia would allow Airtel to offer differentiated and converged solutions to customers so as to promote One Home strategy. ....
Read more about Market trading with small gains; breadth strong on Business Standard. Key benchmark indices are trading with small gains in early trade. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 46.24 points or 0.09% at 51,750.07. The Nifty 50 index was up 12.45 points or 0.08% at 15,221.35. ....