Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. India
  4. Bombay Stock Exchange
  5. Bharti Airtel Limited
  6. News
  7. Summary
    532454   INE397D01024

BHARTI AIRTEL LIMITED

(532454)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Bharti Airtel : Airtel extends contract with Ericsson for deployment of 5G-ready radio network

10/08/2020 | 05:47am EDT

Multi-year deal to deploy Ericsson radio access network (RAN) and transport solutions in Airtel network in India.

5G-ready Ericsson Radio System products manufactured in India will continue to benefit Indian users

Bharti Airtel (Airtel), India's largest integrated communications service provider and Ericsson (NASDAQ: ERIC) have strengthened their long-standing partnership with a renewed multi-year contract to supply and deploy 5G-ready radio and transport solutions from Ericsson.

The continued deployment of Ericsson Radio System products and solutions will enhance Airtel's network capacity and deliver a superior experience to its customers. By using MINI-LINK 6000 products, Airtel will also increase the network's backhaul capacities.

The extended agreement is another milestone in the companies' 25-year partnership and follows the announcement of a renewed Pan-India managed services contract in July of this year.

Randeep Sekhon, CTO, Bharti Airtel, says: 'At Airtel, we are obsessed with delivering the best network experience to our customers, especially in these unprecedented times when digital connectivity is more important than ever. We are delighted to deepen our partnership with Ericsson as part of our endeavor to build a network ready for 5G and beyond.'

Nunzio Mirtillo, Head of Ericsson South East Asia, Oceania and India, says: 'We appreciate the trust Airtel has shown in us by making their network 5G-ready and expanding our footprint in their network. The products manufactured in India will continue to benefit Indian users by enhancing Airtel's network capacity and enabling it to cater to the country's fast-growing data traffic needs.'

Ericsson was the first telecom equipment provider to start manufacturing in India in 1994. Today, the company manufactures 4G and 5G radios as well as microwave products at its Pune production facility. This facility is part of Ericsson's global production network with presence on six continents, allowing Ericsson to secure fast and agile deliveries to meet customer requirements.

As per the June 2020 edition of Ericsson Mobility Report, India remains the region with the highest usage per smartphone per month. Total traffic is projected to triple, reaching 21EB per month in 2025. In the India region, the average monthly mobile data usage per smartphone continues to show robust growth, boosted by the rapid adoption of 4G.

LTE remains the dominant technology, accounting for 49 percent of mobile subscriptions in 2019. LTE will continue to be dominant, representing 64 percent of mobile subscriptions in 2025. LTE subscriptions in the India region are forecast to increase from 550 million in 2019 to 820 million in 2025, increasing at a compound annual growth rate (CAGR) of 7 percent.

Learn more about Ericsson Radio System

Learn more about Ericsson MINI-LINK portfolio

NOTES TO EDITORS:

FOLLOW US:

Subscribe to Ericsson press releases here

Subscribe to Ericsson blog posts here

www.twitter.com/ericsson www.facebook.com/ericsson www.linkedin.com/company/ericsson

MORE INFORMATION AT:

Ericsson Newsroom

media.relations@ericsson.com (+46 10 719 69 92)

investor.relations@ericsson.com (+46 10 719 00 00)

ABOUT ERICSSON:

Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans Networks, Digital Services, Managed Services, and Emerging Business. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's innovation investments have delivered the benefits of mobility and mobile broadband to billions of people around the world. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

ABOUT AIRTEL:

Headquartered in India, Airtel is a global telecommunications company with operations in 18 countries across South Asia and Africa. The company ranks amongst the top three mobile operators globally and its mobile network covers a population of over two billion people. Airtel is India's largest integrated telecom provider and the second largest mobile operator in Africa. At the end of June 2020, Airtel had approx. 420 mn customers across its operations.

Airtel's portfolio includes high speed 4G/4.5G mobile broadband, Airtel Xstream Fiber that promises speeds up to 1Gbps, converged digital TV solutions through the Airtel Xstream 4K Hybrid Box, digital payments through Airtel Payments Bank as well as an integrated suite of services across connectivity, collaboration, cloud and security that serves over one million businesses.

Airtel's OTT services include Airtel Thanks app for self-care, Airtel Xstream app for video, Wynk Music for entertainment and Airtel BlueJeans for video conferencing. In addition, Airtel has forged strategic partnerships with hundreds of companies across the world to enable the Airtel platform to deliver an array of consumer and enterprise services.

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
BHARTI AIRTEL LIMITED 1.93% 538.9 End-of-day quote.5.81%
TELEFONAKTIEBOLAGET LM ERICSSON (PUBL) -1.40% 108.12 Delayed Quote.10.73%
All news about BHARTI AIRTEL LIMITED
06/08Indian Stocks Pare Gains on Tuesday; Tech Mahindra Rallies 3%
MT
06/02Bharti Airtel's African Unit Divests Telecom Towers in Tanzania
MT
05/26BHARTI AIRTELá : Airtel Uganda Unveils No Expiry Data Bundles
AQ
05/18Indian Stocks Maintain Winning Streak on Tuesday; Mahindra & Mahindra Soars N..
MT
05/18India's Nifty at 2-month high as COVID-19 cases continue to decline
RE
05/18TATA MOTORSá : India's Nifty at 2-month high as COVID-19 cases continue to decli..
RE
05/18India's Bharti Airtel shares fall as key revenue metric hit
RE
05/18India's Nifty hits 2-month high as COVID-19 cases stay below 300,000 mark
RE
05/18BHARTI AIRTELá : Turns to Profit in Fiscal Q4
MT
05/17Bharti Airtel Posts Fourth-Quarter Net Profit on Strong Domestic Mobile-Servi..
DJ
More news
Financials
Sales 2021 1 019 B 13 750 M 13 750 M
Net income 2021 -156 516 M -2 111 M -2 111 M
Net Debt 2021 1 388 B 18 718 M 18 718 M
P/E ratio 2021 -18,7x
Yield 2021 0,31%
Capitalization 2 958 B 39 885 M 39 895 M
EV / Sales 2021 4,26x
EV / Sales 2022 3,84x
Nbr of Employees 18 017
Free-Float 44,0%
Chart BHARTI AIRTEL LIMITED
Duration : Period :
Bharti Airtel Limited Technical Analysis Chart | 532454 | INE397D01024 | MarketScreener
Technical analysis trends BHARTI AIRTEL LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Average target price 696,97 INR
Last Close Price 538,90 INR
Spread / Highest target 85,6%
Spread / Average Target 29,3%
Spread / Lowest Target -27,6%
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
Sector and Competitors
1st jan.Capitalization (M$)
BHARTI AIRTEL LIMITED5.81%39 885
SOFTBANK CORP.9.05%59 931
CELLNEX TELECOM, S.A.24.07%42 688
SAFARICOM PLC20.44%15 327
MTN GROUP LIMITED72.34%13 038
TELE2 AB (PUBL)6.58%9 239