Indian markets seen subdued on sell-off in global peers; Airtel, Jet in focus
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On Thursday, the BSE Sensex ended at 51,039.31, up 257.62 points or 0.51%. The Nifty closed at 15,097.35, up 115.35 points or 0.77%. (Mint)
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MUMBAI: Indian stock markets may see a muted session on Friday following a sell-off in global peers. Trends in SGX Nifty futures suggest a negative start to domestic benchmark indices.
On Thursday, the BSE Sensex ended at 51,039.31, up 257.62 points or 0.51%. The Nifty closed at 15,097.35, up 115.35 points or 0.77%.
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By Reuters Staff
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BENGALURU (Reuters) - Bharti Airtel Ltd said on Tuesday it will work with U.S. chipmaker Qualcomm for 5G services in India, as telecom firms in the world’s second-largest wireless market gear up to usher in the latest generation of wireless networks.
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Airtel, placed second to Reliance Industries-owned Jio by subscribers, said in a statement to stock exchanges that it will use Qualcomm’s Radio Access Network platforms, which runs services on the cloud, to roll out 5G networks in the country.
“This collaboration . aims to allow a faster rollout of broadband services . across India for “last mile” connectivity challenges that are becoming increasingly important in today’s remote, mobile-first society,” Airtel said.
Bharti Airtel partners with Qualcomm to drive 5G services in India reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Bharti Airtel Ltd board approves raising Rs. 7,500 crores
Posted On: 2021-02-03 08:39:33 (Time Zone: Arizona, USA)
The Board of Directors ( Board ) of Bharti Airtel Ltd, in its meeting held on February 03, 2021, reviewed Company s routine financing / re-financing strategies including any market maturities in due course, and approved raising of funds as and when deemed appropriate, vide issuance of secured / unsecured , listed / unlisted non-convertible debt securities including debentures, bonds etc. upto INR 7,500 crores (or in equivalent foreign currency) in one or more tranches from time to time, within the limits of Section 180(1)(c) of the Companies Act, 2013 and subject to all applicable regulatory / statutory approval(s).
Telecom tariff wars to hurt 5G launch in India
The current financial health of the telecom sector could lead to uneven adoption of 5G, CCI said
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The CCI, in its report, said spectrum allocation will be key to the rollout of 5G in the country, where the cost of radio airwaves is expensive compared to other countries
It said India’s telecom experience suggests that the quantum of spectrum will also determine the quality of 5G services, that is scarcity increases costs and makes operations inefficient
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The battered financial health of India’s telecom sector, which is a result of intense tariff war that has been waging since 2016, will continue to impact the ability of operators to acquire new spectrum and the subsequent launch of 5G (fifth generation) wireless service in the country.