Bharti Airtel rings loudly on signing 5G network agreements with Ericsson, Nokia, Samsung

Bharti Airtel is currently trading at Rs. 703.60, up by 9.65 points or 1.39% from its previous closing of Rs. 693.95 on the BSE.

The scrip opened at Rs. 700.00 and has touched a high and low of Rs. 710.00 and Rs. 697.20 respectively. So far 107105 shares were traded on the counter.

bharti airtels arpu rises 6 5 in q4fy19
Bharti Airtel

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 781.90 on 24-Nov-2021 and a 52 week low of Rs. 567.24 on 05-Aug-2021.

Last one week high and low of the scrip stood at Rs. 710.00 and Rs. 677.85 respectively. The current market cap of the company is Rs. 418553.90 crore.

The promoters holding in the company stood at 55.93%, while Institutions and Non-Institutions held 38.76% and 5.31% respectively.

Bharti Airtel has signed 5G network agreements with gear makers Ericsson, Nokia and Samsung to commence deployment in August. The company has recently acquired 19,867.8 MHZ spectrum in 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz and 26 GHz bands, bolstering its spectrum holding. Choice of multiple partners will enable Airtel to roll out 5G services spanning ultra-high-speeds, low latency and large data handling capabilities.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

Please share this news

Check Also

LG Electronics hosts grand finale of All India K-Pop Contest 2023

Udaipur : LG Electronics, India’s leading consumer durables brand, hosted the grand finale of the …