The said waiver is already available to solar and wind power projects.
Airtel hikes minimum monthly recharge plan by 57 pc to Rs 155 in 2 circles, pan-India roll-out expected
The company has stopped its minimum recharge plan of Rs 99, under which it offered 200 megabytes of data and calls at the rate of Rs 2.5 paise per second.
If the Fed goes for a steep rate hike and maintains its hawkish stance, it could push the economy into a recession, a big negative for global equity market.
Its revenue increased 21.9% year-on-year (YoY) to Rs 34,527 crore, backed by strong and consistent performance delivery across the portfolio and crossing 500 million customers globally.
Airtel CEO Gopal Vittal said the company is now rolling out 5G and exuded confidence that Airtel 5G Plus will deliver the best experience in India.
Airtel is looking to acquire market leadership in this segment in the next few years, the company added.
"In Delhi, Airtel reached nearly 200 Mbps median download speed at 197. 98 Mbps while Jio almost broke 600 Mbps (598.58 Mbps) in June 2022," the report said.
“Today marks one more step in our journey as we build out the finest network to deliver the best experience for our customers.
As India geared up for the launch of 5G services, telecom equipment manufacturers are bullish on their prospects in India.
Sunil Bharti Mittal said, Airtel will cover most parts by March 2023 and the entire country by March 2024.
India’s largest telecom operator Reliance Jio gained a whooping 29.4 lakh mobile subscribers in July 2022, as per data released by telecom sector regular on Thursday.
Airtel CEO Gopal Vittal said Airtel 5G will deliver significantly higher speeds as compared to a 4G network.
Bharti Airtel promoter Bharti Telecom Ltd has bought a 1.63 per cent stake from Singtel entity Pastel Ltd for Rs 6,602 crore through an open market transaction.
Bharti Airtel CEO Gopal Vittal in a communication to the customers said Airtel 5G will deliver dramatically higher speeds of 20-30 times compared to a 4G network.
Bharti Group chairman Sunil Bharti Mittal's family and Singtel are co-investors in Bharti Telecom (BTL).
Airtel acquired 19,867.8 MHz spectrum by securing a pan-India footprint of 3.5 GHz and 26 GHz bands and selected purchase of radio waves in the low and mid-band spectrum for Rs 43,039.63 crore.
The company had an option to pay Rs 3,848.88 crore upfront and the rest in 19 annual instalments.
"We intend to launch 5G starting August and extend to a Pan India roll out very soon. By March 2024 we believe we will be able to cover every town and key rural area as well with 5G."
Its consolidated revenue from operations increased by about 22 per cent to Rs 32,805 crore during the reported quarter from Rs 26,854 crore a year ago.
Airtel highlighted its long-standing relationship for connectivity and pan-India managed services with Ericsson and Nokia while stating that partnership with Samsung will begin this year onwards.