Bharti Airtel Ltd (BHARTIARTL)

bl.portfolio Shifts to Cautious Stance on Bharti Airtel - 11 May, 2024

Investment advisory firm bl.portfolio has recommended investors book partial profits and lock in gains on Bharti Airtel due to its high valuation. While the company is expected to deliver decent growth, it is unlikely to repeat the growth witnessed in FY19-24 over the next five years. The 5G story for Airtel will take a few years to play out as it requires support from the ecosystem and cheaper 5G smartphones.

Airtel Africa Reports Losses in Q4 2024 - 10 May, 2024

Bharti Airtel's Africa unit, Airtel Africa, reported a loss of $91 million in Q4 2024 due to tax impact and forex loss. The company also saw a consolidated revenue decline of 16.6% to USD 1,118 million during the same quarter.

Airtel Africa Reports Net Loss, Approves Share Buyback Program - 09 May, 2024

Bharti Airtel's Africa business reports a net loss of $91 million for Q4 FY24 due to forex headwinds and fall in revenue. The board has approved a share buyback program of up to $100 million over 12 months.

Airtel & Vi Focus on Specific Bands for Renewals - 08 May, 2024

Bharti Airtel and Vodafone Idea are expected to focus on specific bands during spectrum renewals. Meanwhile, Vodafone Idea plans to invest in upgrading its services, while Bharti Airtel's stock is consolidating near a support level.

Airtel Submits Spectrum Auction Applications; Eutelsat OneWeb & Reliance Jio Receive License - 07 May, 2024

Bharti Airtel has submitted applications for the upcoming spectrum auction, while analysts predict subdued demand. Meanwhile, Airtel concluded its annual SheCodes hackathon, providing placement opportunities to top female tech talent. In other news, Eutelsat OneWeb and Reliance Jio have received a global mobile personal communication by satellite (GMPCS) license in India.

Bharti Airtel, Reliance Jio, and Vodafone Idea Bid for Spectrum Auction - 06 May, 2024

Bharti Airtel, along with Reliance Jio and Vodafone Idea, has applied to bid for the upcoming Rs 96,317-crore spectrum auction. Meanwhile, Bharti Airtel's high P/S ratio reflects investors' expectations of strong future growth.

BSE Sensex and NSE Nifty nosedive over 1.3% due to heavy profit booking in index heavyweights including Bharti Airtel - 04 May, 2024

Benchmark indices BSE Sensex and NSE Nifty broke down three support levels as traders resorted to heavy profit booking in index heavyweights, including Bharti Airtel, causing a quick U-turn on Friday.

BofA Increases Target Price for Bharti Airtel; Adds 1.75 Million Users in March - 03 May, 2024

Bank of America has increased the target price for Bharti Airtel due to tariff hike expectations and expects the company to invest in high-margin businesses with improving cash flows. Bharti Airtel added 1.75 million users in March, recording the highest percentage of active subscribers on its network.

Bharti Airtel Sees Growth Potential Through Partnerships and Expansion Plans - 02 May, 2024

Bharti Airtel is expanding its reach through partnerships such as Airtel Xstream Play's collaboration with Sun NXT. The company also appointed Ambareesh Mandelia as head of M&A and business development. Meanwhile, Indus Towers benefits from Airtel's rural expansion plans and 5G rollout. Analysts predict further growth potential for the telecom giant.

Bharti Airtel Partners With Sun NXT; Indus Towers Reports Jump In Net Profit - 01 May, 2024

Bharti Airtel's OTT aggregator service provider Airtel Xstream Play has partnered with Sun NXT. Indus Towers reported a 32% jump in net profit for Q4 FY24. Satellite spectrum is crucial for companies like Eutelsat OneWeb, Jio Satellite Communications, Starlink, and Project Kuiper to start satellite broadband services in India. Bharti Airtel appoints Ambareesh Mandelia as Head of M&A and Business Development.

Bharti Airtel Offers Entertainment Plan with Free Netflix Subscription - 30 Apr, 2024

Bharti Airtel allots equity shares worth Rs 246 crore to foreign debt bond holders. Projected fair value for the stock is ₹863. Airtel offers prepaid mobile users an entertainment plan with a complimentary Netflix Basic subscription.

Bharti Airtel Sees Positive Outlook with 5G Service Expansion and Portfolio Holdings - 29 Apr, 2024

Bharti Airtel is making strides in the telecom industry with its deployment of 5G service and potential tariff hikes. Analysts hold a positive outlook on the stock, with Niket Shah holding it in his portfolio and recommending it as a potential revenue booster. COAI reiterates the need for more spectrum for smooth 5G services.

Bharti Airtel Receives Buy Rating from Motilal Oswal - 26 Apr, 2024

Motilal Oswal has recommended a BUY rating on Bharti Airtel with a target price of Rs 1570. Telecom carriers are pressing OTT players to share costs towards 5G networks.

Vodafone Idea Plans Debt Issue After FPO - 25 Apr, 2024

Vodafone Idea aims to raise Rs 45,000 crore to regain financial health and compete with larger rivals. The Supreme Court matter will not impact the company's satellite service plans.

Bharti Airtel's Target Price Raised Amid Positive Outlook on Telecom Sector - 24 Apr, 2024

Bharti Airtel's target price was raised by Citigroup amid improved visibility of tariff hikes. The company clarified that it has no plans to raise its stake beyond what is required for financial consolidation of Indus Towers. Several companies showed interest in providing internet connectivity services in India using satcom technology. Nuvama Institutional Equities turned positive on the telecom sector and viewed Bharti Airtel as the best way to play this event.

Bharti Airtel Launches Affordable Roaming Packs, Merges Sri Lankan Unit with Dialog - 23 Apr, 2024

Bharti Airtel launches affordable international roaming packs and merges its Sri Lankan unit with Dialog. Analysts expect a strong growth outlook to continue, while Jefferies suggests 5G monetisation could support Arpu trajectory. The combined market valuation of Bharti Airtel and Bharti Hexacom has surged past the $100 billion mark.

Bharti Airtel Launches International Roaming Packs; Shares Hit 52-Week High - 22 Apr, 2024

Bharti Airtel has launched international roaming packs offering access to 184 countries at an affordable price. Airtel and Jio are considering separate tariff plans for 5G connectivity. Bharti Airtel's estimated fair value is ₹1,222. Airtel shares hit a 52-week high but later slipped off highs.

Ericsson supplies 5G equipment to Reliance Jio and Bharti Airtel for fastest rollout in India - 21 Apr, 2024

Ericsson is a key supplier of 5G equipment to Reliance Jio and Bharti Airtel, which have set up over 300,000 5G sites in India, marking the world's fastest 5G rollout.

Sunil Mittal's Net Worth Rises as Bharti Airtel Stock Hits New High - 20 Apr, 2024

Billionaire Sunil Mittal's net worth has reached $19.7 billion due to a 70% rally in shares of Bharti Airtel over the last year, with his majority stake held through closely-held Bharti Enterprises and other holding companies. Analysts at Jefferies expect growth in revenue and earnings before interest taxes and depreciation (EBITDA) for its newly listed subsidiary, Bharti Hexacom. Shares of Bharti Airtel surged to a new high of Rs 1296.50 on the NSE in Friday's trade.

Bharti Airtel Stock Rallies Amid Tariff Hike Expectations - 19 Apr, 2024

Bharti Airtel's stock rallies amid expectations of tariff hikes and positive news such as selling shares in Bharti Hexacom, announcing 5G services in Andhra Pradesh, and merging operations with Dialog Axiata PLC. Angel One selects Bharti Airtel Ltd as one of his top picks for the day.