Bharti Airtel plans to acquire the entire 400 megahertz (MHz) spectrum of Adani Data Networks Limited (ADNL), Bharti stated in an exchange filing on Tuesday.
“Airtel and SpaceX will explore offering Starlink equipment in Airtel’s retail stores, Starlink services via Airtel to business customers, opportunities to connect communities, schools, and health centers, among many others, in even the most rural parts of India,” Bharti Airtel stated.
The combined market valuation of eight of the top 10 most valued firms eroded by Rs 3,09,244.57 crore last week.
Bharti Airtel on Wednesday confirmed its talks with the Tata Group to explore a deal to merge Tata Play's direct-to-home (DTH) business with its subsidiary Bharti Telemedia Ltd.
The combined market valuation of five of the top-10 most-valued firms tumbled Rs 1,85,952.31 crore last week.
Bharti posted a consolidated revenue of Rs 34,728.7 crore for Q2FY23 as against Rs 28,435.2 crore in Q2FY22. The revenue increased by 22 per cent in comparison to the same period in FY22
Bharti Airtel will begin carrying out 5G services later this month, as it consented to requisite 5G equipment arrangements with South Korean tech giant Samsung.
Private 5G captive networks are about the deployment of high speed, enhanced data capacity, and ultra-low latency applications inside a closed manufacturing unit, hospital, airport and shipping port, among others.
At the recently held 5G spectrum auction for 5G services by the Department of Telecom, Airtel acquired 19867.8 MHZ range in 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz, and 26 GHz frequencies.
"The industry requires long overdue support to maintain its current 3+1 industry structure and allow players to earn a respectable return on their investments," Mittal said.
