Bharti Airtel rings loudly after selecting IBM, Red Hat to build new network cloud to support 5G

12 May 2020
Bharti Airtel is currently trading at Rs. 541.05, up by 4.95 points or 0.92% from its previous closing of Rs. 536.10 on the BSE.

The scrip opened at Rs. 535.00 and has touched a high and low of Rs. 544.00 and Rs. 531.00 respectively. So far 125949 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 568.60 on 17-Feb-2020 and a 52 week low of Rs. 314.05 on 13-May-2019.

Last one week high and low of the scrip stood at Rs. 551.35 and Rs. 524.60 respectively. The current market cap of the company is Rs. 292172.37 crore.

The promoters holding in the company stood at 62.70%, while Institutions and Non-Institutions held 30.54% and 6.71% respectively.

Bharti Airtel has selected IT companies IBM and Red Hat to build its new network cloud to support 5G operations and applications around emerging technologies on its network. Under the agreement, Airtel will build its next generation core network, analytical tools and new consumer and enterprise services on top of this cloud platform based on open standards.

The hybrid cloud architecture will resonate with Airtel’s customer-obsession by providing improved flexibility, network stability and performance and bringing agility and automation in our network operations.

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

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Puchho Befikar
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