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MarketScreener Homepage  >  Equities  >  MUMBAI STOCK EXCHANGE  >  Bharti Airtel Limited    532454   INE397D01024

BHARTI AIRTEL LIMITED

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Bharti Airtel partners with Qualcomm to drive 5G services in India

02/23/2021 | 05:11am EST
Outbreak of the coronavirus disease (COVID-19) in Kolkata

BENGALURU (Reuters) - Bharti Airtel Ltd said on Tuesday it will work with U.S. chipmaker Qualcomm for 5G services in India, as telecom firms in the world's second-largest wireless market gear up to usher in the latest generation of wireless networks.

Airtel, placed second to Reliance Industries-owned Jio by subscribers, said in a statement to stock exchanges that it will use Qualcomm's Radio Access Network platforms, which runs services on the cloud, to roll out 5G networks in the country.

"This collaboration ... aims to allow a faster rollout of broadband services ... across India for "last mile" connectivity challenges that are becoming increasingly important in today's remote, mobile-first society," Airtel said.

Although the need for high-speed internet has been highlighted in the pandemic-led work-from-home year, India's 5G ambitions have been buffeted by delays in auction of airwaves that support the technology.

Concerns have also been raised by telecoms around the relatively high pricing of spectrum in India.

While the country is set to auction some airwaves in March, bands that support 5G will only be auctioned sometime in the next six months, the Parliamentary Standing Committee on Information Technology said in a report http://164.100.47.193/lsscommittee/Information%20Technology/17_Information_Technology_21.pdf on India's 5G preparedness.

The technology ultimately promises internet speeds up to 20 times faster than existing networks.

Jio has previously said it built an in-house 5G solution and is ready to roll out services as soon as airwaves are made available. Parent Reliance last year raised about $97 million from Qualcomm for its digital unit that houses Jio.

Still, Airtel has seen gains in market share faster than billionaire Mukesh Ambani's Jio over the last few months of 2020, according to regulatory data.

Airtel's tie-up also comes after Indian government officials expressed concerns over mobile carriers' use of telecom gear from Chinese telecom equipment maker Huawei, which has been accused of spying by the United States.

(Reporting by Philip George and Chris Thomas in Bengaluru; Editing by Sherry Jacob-Phillips and Vinay Dwivedi)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BHARTI AIRTEL LIMITED 1.34% 573.05 End-of-day quote.12.52%
QUALCOMM INCORPORATED 1.72% 139.41 Delayed Quote.-4.86%
RELIANCE INDUSTRIES LTD 1.86% 2061 Delayed Quote.1.92%
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Financials
Sales 2021 1 019 B 14 085 M 14 085 M
Net income 2021 -161 478 M -2 231 M -2 231 M
Net Debt 2021 1 357 B 18 754 M 18 754 M
P/E ratio 2021 -19,9x
Yield 2021 0,30%
Capitalization 3 125 B 43 142 M 43 179 M
EV / Sales 2021 4,40x
EV / Sales 2022 3,83x
Nbr of Employees 17 917
Free-Float 43,6%
Chart BHARTI AIRTEL LIMITED
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Bharti Airtel Limited Technical Analysis Chart | 532454 | INE397D01024 | MarketScreener
Technical analysis trends BHARTI AIRTEL LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 29
Average target price 728,62 INR
Last Close Price 573,05 INR
Spread / Highest target 74,5%
Spread / Average Target 27,1%
Spread / Lowest Target 11,7%
EPS Revisions
Managers and Directors
NameTitle
Gopal Vittal CEO, Managing Director & Executive Director
Badal Bagri Co-Chief Financial Officer
Nakul Sehgal Co-Chief Financial Officer
Sunil Bharti Mittal Chairman
Randeep Singh Sekhon Chief Technical Officer & Network Director
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