Bharti Airtel names Ambareesh Mandeli as M&A & Business Development head
A chartered accountant, Mandelia has over 20 years of experience in investment banking, M&A, strategy and corporate development.
A chartered accountant, Mandelia has over 20 years of experience in investment banking, M&A, strategy and corporate development.
“Users can enjoy content from across 23 content apps on Airtel Xstream making it one of the largest bouquets of OTT content aggregated on a single app in India,” Airtel said.
GCCs have been mushrooming in India over the past few years, with over 1,580 GCCs and an installed talent base of over 1.66 million currently, according to a joint study by technology industry body Nasscom and Zinnov. Over 150-plus MNCs have set up GCCs in India between FY21 and FY23, not only in tier-1 cities but also tier-2 ones like Chandigarh, Ahmedabad, Kochi and Lucknow.
“The network expansion by a major customer and increase in our market share helped us deliver record tower additions, surpassing the milestone of 200,000 towers. On the financial front, we were pleased to see steady collections and part clearance of the over dues,” Shah said.
Following allotment of equity against the foreign currency convertible bond (FCCB) the outstanding principal value of FCCBs at Singapore Exchange has reduced to USD 204.690 million.
Telecom equipment production for FY24 crossed the Rs 45,000 crore milestone with exports of around Rs 10,500 crore, backed by the Centre’s production linked incentive (PLI) scheme. The scheme has also led to creation of over 19,500 direct jobs, according to government data shared exclusively with ET.
Through the FPO, Vodafone Idea has put concerns of its survival and competitiveness away but it's not viable yet, as per a Ambit Capital report. A significant rise in mobile tariffs will be necessary following the fundraising to help Vodafone Idea in navigating the present crisis seamlessly.
Higher consumer spending on mobile broadband services helped Bharti Airtel and Reliance Jio boost their combined 4G/5G market shares by 0.25 and 0.05 percentage point sequentially to 28.8% and 54.1%, respectively, an analysis of the Trai data by ICICI Securities showed.
Earlier, Vi’s board had approved a preferential share issue to raise Rs 2,075 crore from an Aditya Birla Group (ABG) entity, which had set the stage for a wider funding programme critical for the company’s revival.
Dish TV has launched 'Dish TV Smart+', offering customers access to both TV and Over-the-Top (OTT) content. The service allows customers to access OTT apps alongside their TV subscription pack, offering a flexible 'on any screen, anywhere, and anytime' option. Dish TV is also collaborating with top TV and Mobile Original Equipment Manufacturers to integrate their services into devices, enriching the user experience.
With the next logical step being a tariff hike for Vi, Nuvama expects Airtel and Jio to follow suit leading to the jump in ARPU, profitability, cash flows, and returns profiles of these operators.