Saturday 01 Oct, 2022 04:39 AM
Site map | Locate Us | Login
   Dilip Buildcon gains on emerging as L-1 bidder for Rs 723-cr project    Dish TV India Ltd leads losers in 'A' group    Akshar Spintex Ltd leads losers in 'B' group    Goa Carbon temporarily shuts Goa unit    Volumes spurt at Caplin Point Laboratories Ltd counter    Mahindra & Mahindra Ltd soars 1.16%    Punjab & Sind Bank gains for third consecutive session    Indian Overseas Bank gains for third straight session    Sun Pharmaceuticals Industries Ltd spurts 1.46%, rises for third straight session    HCL Technologies Ltd gains for fifth session    Bajaj Finance gains on bargain buying    Heritage Foods spurts after board approves rights issue     CMI Ltd leads gainers in 'B' group    Zydus Lifesciences arm gets 2 observations from USFDA    Nestle India ED and CFO David McDaniel resigns 
Saravan Stocks
       
Hot Pursuit
Scrips, which has significant changes during the market hours.
Bharti Airtel pays Rs 8,312.4 cr for 5G spectrum to DoT
17-Aug-22   11:51 Hrs IST

As per the regulatory filing, Airtel has paid 4 years of 2022 spectrum dues upfront. The company believes that this upfront payment coupled with the moratorium on spectrum dues and AGR related payments for four years will free up future cash flows and allow Airtel to dedicate resources to single-mindedly concentrate on the 5G roll out.

Over last one year, Airtel has also cleared Rs 24,333.7 crore of its deferred spectrum liabilities much ahead of scheduled maturities, the company stated.

Speaking about the pre-payment of dues, Gopal Vittal MD & CEO of Bharti Airtel, said, This upfront payment of 4 years allows us to drive 5G rollout in a concerted manner given our operating free cash flow. Airtel also has access to Rs 15,740.5 crore in capital from the rights issue which is yet to be called. With the ideal spectrum bank, best technology and adequate free cash flow, we are excited to bring to the country a world class 5G experience.

Bharti Airtel is a global communications solutions provider with over 497 million customers in 17 countries across South Asia and Africa. The company ranks amongst the top three mobile operators globally and its networks cover over two billion people. Airtel is India's largest integrated communications solutions provider and the second largest mobile operator in Africa.

The telecom major's consolidated net profit surged to Rs 1,606.9 crore in Q1 FY23 compared with Rs 283.5 crore in Q1 FY22. Revenue from operations jumped 22.16% to Rs 32,804.6 crore in Q1 FY23 as against Rs 26,853.6 crore posted in the corresponding quarter previous year.

Shares of Bharti Airtel were up 1.56% to Rs 714.75 on the BSE.

Powered by Capital Market - Live News

   Attention Investors : Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day........issued in the interest of investors.
   Attention Investors : Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers / Depository Participant. Receive information of your transactions directly from Exchange / Depositories on your mobile / email at the end of the day .... Issued in the interest of Investors.
   Attention Investors : KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
   Attention Investors : No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Email ID: info@ssplwealth.com       Customers grievances : grievances@ssplwealth.com     Compliance officer : Mr.R Udayakumar , compliance@ssplwealth.com,  Mobile No: 7305522205
Hit Count : 22552474
SEBI Regn.Nos : NSE/BSE-INZ000192638 | CDSL : IN-DP-262-2016  |  MCX : INZ000081736
Member IDs : NSE : 11221 | BSE : 6292 | CDSL : 12045000 | MCX : 12815 | AMFI Regn.No : 2662
Designed , Developed & Content provided by CMOTS INFOTECH.(ISO 9001:2015 certified) © Copyright 2011 All Rights Reserved. Saravana Stocks Pvt. Ltd