The shares of one of the leading telecom services providers with a 32.78 percent market Share in the telecom sector in green after it signed a work agreement with Adani Energy Solutions Limited.
At 12:12 p.m the shares of Bharti Airtel Limited were trading at Rs. 1054.0, up 0.55 percent from its previous day’s close price of Rs. 1049.05 and its market capitalization is Rs. 5,93,374 Crores.
Bharti Airtel Limited is going to power over 20 million smart meters for Adani Energy Solutions Limited with its transformative smart IoT solutions. Airtel, through its robust nationwide communications network, will deliver reliable and secure connectivity for all AESL’s smart meter deployments.
Further Airtel’s transformative smart metering solutions that are powered by NB-IoT, 4G, and 2G, will help AESL to ensure real-time connectivity and uninterrupted transfer of critical data between smart meters and headend applications.
The solution will also come powered with Airtel’s IoT platform, the Airtel IoT Hub, which enables smart meter tracking and monitoring with advanced analytics and diagnostic capabilities in addition to real-time insights and services that empower customers with enhanced control over their energy consumption.
Adani Energy Solutions has an order book of over 20 million smart meters from the power utilities of Assam, Andhra Pradesh, Bihar, Maharashtra, and Uttarakhand.
Bharti Airtel Limited is a global telecommunication company engaged in providing products and services through segments such as mobile services, airtel business, home services, digital TV services, and many more. It has a global presence with operations in 16 countries with 530+ million customers.
It has a market share of 32.74 percent in telecom services with 260.4k towers, 11 data centers, 120 edge DCs, 7 submarine cables, 1.2 lakh crore of spectrum investment, 400k+ RKms of domestic fiber, and 365k+ RKms of global fiber network. Airtel’s 5G rollout is on track, and the company expects some moderation in capex in the coming year
The company’s revenue from operations grew 19.39 percent from Rs. 1,16,546.9 Crores in FY22 to Rs. 1,39,144.8 Crores in FY23, accompanied by increasing profits of Rs. 4,254.9 Crores to Rs. 8,345.9 Crores.
Written by: Bharath K.S
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