The Telecomm company specializing in telecommunications, offering a range of services including mobile networks, broadband, digital TV, enterprise solutions, and 5G technology jumped upto 3 percent upon partnering with Ericsson 5G Core technology to drive 5G evolution.
Price action
With a market capitalization of Rs. 9,33,568.03 Crores on Tuesday, the shares of Bharti Airtel Ltd jumped upto 2.6 percent after making a high of Rs. 1643.00 compared to its previous closing price of Rs. 1600.80.
What Happened
Bharti Airtel Limited engaged in telecommunications, offering a range of services including mobile networks, broadband, digital TV, enterprise solutions, and 5G technology has partnered to deploy Ericsson’s 5G Core technology to help Airtel transition to a full-scale 5G Standalone network
This collaboration will enhance Airtel’s network capacity, enable innovative services, and support monetization through network slicing. Ericsson will also provide solutions for signaling, charging, and policy, further boosting Airtel’s 5G monetization and business model development.
Furthermore, Bharti Airtel and Apple have partnered to offer Apple TV+ and Apple Music to Airtel customers, and Home Wi-Fi customers on plans starting at Rs. 999 will get Apple TV+ access, while postpaid customers on plans above Rs. 999 will enjoy both Apple TV+ and six months of free Apple Music.
This partnership provides exclusive access to premium content, including drama, comedy, films, and documentaries, along with a vast music library in various languages for an enhanced entertainment experience.
About the company
Bharti Airtel Ltd is one of India’s leading telecommunications companies, offering a wide range of services including mobile, broadband, and digital TV. It operates in multiple countries across Asia and Africa, providing voice, data, and content services to millions of customers. The company is known for its innovative approach, providing advanced 4G and 5G network solutions.
Financials
The company’s total revenue rose by 18.9 percent from Rs. 38,339 crore to Rs. 45,599 crore in Q3 FY23-24. Meanwhile, Net profit rose from Rs. 2,442.2 crore to Rs. 14,781 crore during the same period.
Written by Sridhar J
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