Bharti Airtel Share Price: On Friday, Bharti Airtel opened on the BSE at Rs 549, swinging to an intra day high of Rs 549.85, and an intra day low of Rs 540.05, so far.
Airtel shines as price hikes, healthy subscriber growth and Jio’s disappointing performance send the stock rallying
Airtel shines as price hikes, healthy subscriber growth and Jio’s disappointing performance send the stock rallying
Rounak JainMay 4, 2021, 08:32 IST
Airtel has been slowly and steadily improving its performance every quarterBCCL
Airtel shares were buzzing in the stock market on Monday (May 3) even as the benchmark indices were deep in the red for most of the day.
Strong performance driven by price hikes, healthy average revenue per user (ARPU) jump and subscriber growth could propel Airtel ahead of its rival, Jio.
Jio’s disappointing performance in the March 2021 quarter has also given Airtel investors another reason to celebrate.Airtel’s fortunes are getting another boost as the telecom provider started reaping the benefits of price hikes combined with healthy subscriber growth.
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Bharti Airtel on Wednesday announced a new corporate structure to sharpen the company s focus on rapidly unfolding digital opportunities while enabling it to unlock value.
The move comes at a time when digital is turning out to be a compelling proposition for players in the Indian market, where the use of smartphones and better broadband connectivity has spurred the adoption of a new range of services.
Players are positioning themselves beyond the core telephony offerings, as they enhance digital engagement, build future streams of revenue and create brand differentiation, besides redefining themselves as a larger platform of digital services, say market watchers.
Here are the top stocks that are likely to be in focus today:
Auto stocks: Shares of auto companies will be in focus as they are set to unveil their March sales figures today. Demand sentiments across segments (ex 2W) remains unaffected, despite second concurrent lockdown in certain parts, said analysts at Prabhudas Lilladher.
Central Bank of India: The lender said it has cancelled an agreement to sell its stake in housing finance subsidiary to Centrum.
Axis Bank: The private sector bank has entered into a share purchase agreement for sale of 100 per cent stake in its subsidiary, Axis Bank UK Ltd, to OpenPayd Holdings.
Airtel Africa mobile money biz gets $100 million infusion from Mastercard
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Last Updated: Apr 01, 2021, 02:13 PM IST
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Synopsis
Mastercard will invest $100 million in Airtel Mobile Commerce BV (AMC BV), a wholly owned arm of Airtel Africa plc.
AMC BV is the holding company for several of Airtel Africa s mobile money operations.
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KOLKATA: Airtel Africa has signed a deal to sell a 3.75% stake in its mobile money operations to global payment processor Mastercard Inc for $100 million, valuing the business at $2.65 billion.
Under the agreement, Mastercard, via one of its wholly-owned arms, will invest $100 million in Airtel Mobile Commerce BV (AMC BV) a wholly owned arm of Airtel Africa plc. AMC BV is the holding company for several of Airtel Africa s mobile money operations and is intended to own and operate the mobile money businesses across all of Airtel Africa s fourteen operating countries.