Bharti Airtel Ltd Share Price – NSE  /  BSE

Telecomm-Service, Mid Cap

Bharti Airtel will hold a meeting of the Board of Directors of the Company on 14 May 2024.

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Bharti Airtel announced the expansion of its network across the picturesque regions of Leh and Ladakh. This development comes just in time for the upcoming travel season, encouraging travelers to enjoy unlimited 5G service across the region.

Airtel's network footprint now encompasses 40+ zones within Ladakh, ensuring that residents and travelers alike to enjoy reliable connectivity throughout their journeys. This is in line with Airtel's commitment to provide seamless connectivity in India's picturesque regions of Leh and Ladakh that is enjoyed by thousands of travelers.

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Dialog Axiata PLC (Dialog), Axiata Group Berhad (Axiata) and Bharti Airtel signed a definitive agreement to combine their operations in Sri Lanka.

Under this agreement, Dialog will acquire 100% of the issued shares in Airtel Lanka, in consideration of which Dialog will issue to Bharti Airtel, ordinary voting shares which will amount to 10.355% of the total issued shares of Dialog by way of a share swap.

The transaction is subject to the approval of Dialog's shareholders and is pending the completion of specific conditions outlined in the Share Sale Agreement, including clearance from the Colombo Stock Exchange (CSE) and completion of other applicable legal, corporate and regulatory compliance procedures.   

The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has granted its approval for the proposed merger, underscoring its vision to advance the adoption of telecommunications services across Sri Lanka. This consolidation will enable the merged entity to garner economies of scale and reduce duplication of infrastructure, achieve synergies in technology and capital expenditure leading to enhanced high speed broadband connectivity, voice and value added services, cost savings and operational efficiencies

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Bharti Airtel announced that it has 3 million customers enjoying 5G service in Mumbai. The Company has successfully deployed 5G service across all locations in Mumbai reflecting a promising shift towards offering next-generation mobile connectivity.

Airtel has registered a significant increase in 5G users in the past 6 months in Mumbai. The Company's expansive network deployment has effectively extended its services across the entire city, greatly simplifying the process for customers to embrace 5G.

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