NSE Symbol: BHARTIARTL | BSE Code: 532454
Bharti Airtel Ltd is a global telecommunications company based in Delhi and provides 2G, 3G and 4G wireless services, fixed line services, mobile commerce, DSL broadband, IPTV, DTH, enterprise services including national & international long distance services to carriers.
Founded in 1995, Bharti Airtel Ltd. was incorporated under the name Bharti Tele-Ventures Ltd. The company received the license for the commencement of business in January 1996. In 1997, British Telecom acquired a 21.05% equity interest in Bharti Cellular. The Bharti Tele-Ventures was changed to Bharti Airtel Ltd. in April 2006. During the year 1995-96, the brand 'Airtel' was first incorporated in Delhi and Uttar Pradesh for the mobile services of the company. During the year 2002-03, Airtel launched cellular mobile services in the circle of Mumbai, Tamil Nadu, Kerala Maharashtra, Madhya Pradesh, Uttar Pradesh (West) Haryana and Gujarat. In 2009, Airtel launched its first international mobile network in Sri Lanka. Airtel crossed 300 million mobile customer mark in India n 2014.
Sunil Bharti Mittal - Founder and Executive Chairman
Mr. Sunil Bharti Mittal is an Executive Chairman and Group Chief Executive Officer of Bharti Enterprises Limited. From October 2001 to February 2013, he has served as the MD of Bharti Airtel Limited. Since February 2013, Mr. Mittal has been an Executive Chairman of Bharti Airtel Limited and worked as its CEO of International Operations. He has been conferred with one of the highest civilian award, Padma Bhushan. Besides, he has also been awarded as the INSEAD Business Leader for the World Award in 2011. He has a Doctorate in Law from the University of Leeds.
Gopal Vittal - MD and CEO
Since April 1, 2014, Mr. Gopal Vittal has been associated with Bharti Enterprises Limited, as Managing Director and CEO of India & South Asia. From September 28, 2006, to 2008, he has served as Director of Marketing and Communications at Bharti Airtel Ltd. Having an experience of more than 16 years across various functions of marketing and sales; he had started his career with Unilever India and worked across different locations in India and Asia. Mr. Vittal is an alumnus of IIM-Calcutta and served as a member of the Board of Governors at Advertising Standards Council of India(ASCI).
The stocks of Bharti Airtel can be traded on the two famous stock exchanges of India - National Stock Exchange and Bombay Stock Exchange. The codes for the transactions are mentioned below.
BSE - 532454
NSE - BHARTIARTL
ISIN - INE397D01024
Bharti Airtel also shows up on different other Indices:
4. S&P CNX 500
As of March 2018, the market capitalization of Bharti Airtel is around Rs.161,974 crore.
Bharti Airtel reported more than 39% fall in its consolidated net profit for the third quarter Fiscal Year 18 to about Rs.306 crore. The overall revenue of the company declined to Rs. 20,319 crore (around 13%) while revenue in India declined at Rs.15,294 crore by 11.3% .
Across 16 countries, the overall customer base of Airtel was 394.2 million, as on December 31, 2017. The data traffic of mobile grew at 446% to 1,178.1 billion MBs.
In India during the quarter, the number of minutes spent on calls on Bharti Airtel's network grew by 49.8 %.
The company's consolidated net debt increased to Rs 91,714 crore from Rs 91,480 crore in the previous quarter. Besides mobile, Airtel performed well in other business in India. The Airtel Digital TV recorded a growth of 10.4% YoY.
In February 2018, Bharti Airtel entered into a strategic partnership with Indian digital and mobile entertainment Hotstar. Under the collaboration with HotStar, Hot star's digital content will be made available to Airtel customers.
Bharti Airtel launched India's first Telecom Infra Project (TIP) Community Lab in November 2017. The state-of-the-art facility will create innovative solutions for telecom networks used by TIP project group members.
In September 2017, the company had adopted first Massive Multiple-Input Multiple-Output (MIMO) technology of India which is a sign for 5G networks. The MIMO technology was firstly launched in Bangalore and Kolkata followed by other cities.
The opening price of the stock on January 1, 2018, was Rs.531 on both NSE and BSE. By the end of the month, the rate had fallen to Rs.442. The company's Q3 net profit was down 84.76% to Rs.64.30 crore.
At the beginning of February, the stock price was Rs.440 while at the end of the month it was down to Rs.430.
Airtel has been facing fierce competition from Reliance Jio that has resulted in lower profits in the latest quarterly results. However, the telecom company's stock price has seen a gradual increase from 2016- 2018. Bharti Airtel has been making new investments and continuing to expand in India as well as international markets. It is advised to take help of your financial planner before investing in the share.
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