The Bombay High Court cancelled â‚ą23,600 crore in retrospective spectrum charges levied on Bharti Airtel and Vodafone Idea for 2008-2012. The ruling eliminates economic uncertainty, fostering future telecom investments in India, and affirmed DoT lacked legal authority for the retrospective imposition.
Vi's AGR dues cut by 27%, easing cash flow and opening fundraising. Bharti Airtel may seek reassessment. Government converted dues into equity, increasing its stake in Vi.
Indian telecom operators like Jio, Airtel, and Vodafone Idea adjusted prepaid plans, reducing validity or increasing prices, often bundling OTT services. Despite these changes, market trackers note minimal impact on ARPU, with expected tariff hikes yet to materialize.
Telecom Minister Jyotiraditya Scindia clarified that Bharti Airtel must seek Supreme Court directions to receive AGR debt relief similar to Vodafone Idea. He also discussed tackling spam and OTT platform regulations.
Bharti Airtel's credit rating upgraded due to deleveraging and strong financial performance. Market share climbed to 33.5%. Leverage is expected to improve to 1.5x by FY2026-27, driven by Indian operations.
Bharti Airtel seeks government relief on AGR fees after a Supreme Court order allowing reconciliation of pending dues beyond FY17. Airtel will approach the government to discuss the matter and dues of â‚ą38,604 crore.
Google, Adani, and Airtel invest $15B to build India's largest AI hub and data center in Visakhapatnam. This initiative aims to bring AI capabilities closer to Indian services and developers.
Telcos Vi and Airtel challenge DoT's additional AGR dues demands post-SC order. Dispute centers on reassessment concerns and accounting completion. AGR dues and telecom firms are key.
Indian mobile market sees subscriber gains driven by Jio and Airtel in Metro & A circles. Vi continues to lose users. Mobile number portability remains high, indicating customer churn. Industry outlook solid.
Airtel partners with Perplexity to offer free Perplexity Pro subscriptions to its mobile, Wi-Fi, and DTH users. This gives 360 million Airtel customers access to advanced AI tools and enhanced search capabilities.
Telecom operators, including Airtel & Vodafone Idea, seek waivers on interest & penalties related to AGR dues. Supreme Court rulings impact financial stability. Government considers options.
Bharti Airtel seeks clarity on converting AGR dues into equity for a level playing field. Plans to expand home broadband and data centers despite reduced mobile network investments. Reports revenue growth.
Tata Group restarts buyer search for Tata Play after merger talks with Airtel collapse due to valuation differences. Airtel focuses on IPTV and 5G, diminishing DTH merger appeal. Tata aims to exit DTH.
This complements our existing network strength of 400,000 Rkms across 50 countries," Sinha said, adding that the move underlines Bharti Airtel's commitment to address Digital India's growing demand for global connectivity and data with additional routes, diversity and capacity.
Bharti Airtel’s annual capital expenditure will fall sharply in FY25 and FY26 compared with the record Rs 33,000 crore seen in FY24, as the nation’s second-largest telco has concluded its 5G rollout and won’t be spending extra cash on 4G capacity expansion going forward, its vice-chairman and managing director Gopal Vittal said.
“Our focus on speed and quality execution is enabling us to unlock substantial opportunities for growth across our markets and business segments, where demand remains significant, resulting in a further acceleration of constant currency revenue growth in the most recent quarter,” Airtel Africa CEO Sunil Taldar said in an official statement.
