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Bharti Airtel soars on acquiring 115.0 MHz spectrum for total consideration of Rs 18,530 crore

14 Feb 2014 Evaluate

Bharti Airtel is currently trading at Rs. 311.85, up by 9.25 points or 3.06% from its previous closing of Rs. 302.60 on the BSE.

The scrip opened at Rs. 302.60 and has touched a high and low of Rs. 317.50 and Rs. 302.60 respectively. So far 141983 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 373.50 on 01-Nov-2013 and a 52 week low of Rs. 266.95 on 05-Apr-2013.

Last one week high and low of the scrip stood at Rs. 318.30 and Rs. 299.80 respectively. The current market cap of the company is Rs. 124678.91 crore.

The promoters holding in the company stood at 65.23% while Institutions and Non-Institutions held 24.53% and 10.24% respectively. 

Bharti Airtel has acquired 115.0 MHz spectrum for a total consideration of Rs 18,530 crore in the just concluded spectrum auction conducted by the Government of India. The company will make an upfront payment of Rs 5,425 crore, with the balance to be paid in ten annual installments of Rs 1,310 crore each, commencing two years from now. The company’s spectrum acquisition is in line with its strategy of building a robust network of the future and enhancing its leadership position in the fast growing data segment.

Besides, the company plans to roll-out high speed 4G networks in various circles using FD-LTE technology in the 1800 MHz band besides its existing TD-LTE roll-out in the 2300 MHz band, giving it a pan-India 4G footprint.

Bharti Airtel is a leading global telecommunications company with operations in 20 countries across Asia and Africa. In India, the company's product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed DSL broadband, IPTV, DTH, enterprise services including national & international long distance services to carriers.

Bharti Airtel Share Price

1867.00 21.95 (1.19%)
21-Apr-2026 11:05 View Price Chart
Peers
Company Name CMP
Bharti Airtel 1867.00
Vodafone Idea 9.67
Indus Towers 416.95
Tata Communications 1518.70
Bharti Hexacom Ltd. 1568.30
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