Bharti Airtel Ltd.

BSE: 532454 | NSE: BHARTIARTL
Large Cap | Telecommunication - Service Provider
2016.00
-7.00 (-0.35%)
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Bharti Airtel soars on unveiling 3.75G technology in Zambia

Date: 18-01-2012

Bharti Airtel is currently trading at Rs. 348.35, up by 3.75 points or 1.09% from its previous closing of Rs. 344.60 on the BSE.

The scrip opened at Rs. 347.00 and has touched a high and low of Rs. 351.60 and Rs. 346.75 respectively. So far 46668 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 444.70 on 01-Aug-2011 and a 52 week low of Rs. 304.25 on 02-Feb-2011.

Last one week high and low of the scrip stood at Rs. 351.60 and Rs. 324.45 respectively. The current market cap of the company is Rs. 132040.12 crore.

The promoters holding in the company stood at 68.33% while Institutions and Non-Institutions held 25.83% and 5.84% respectively.

Bharti Airtel, a leading global telecommunications company with operations in 19 countries across Asia and Africa, has launched 3.75G technology in Zambia. With this customers will be able to experience high speed mobile broadband access, make video calls and watch television live.

The 3.75G technology is the fastest available and a variety of users which includes large corporates, small or medium businesses and the youths, will be enormously benefited from this technology. It offers speeds up to 21 megabytes per second (mbps) and is similar to those being rolled out in Europe and the US.

Looking at theses features the company sees 3.75G as a platform that will enable the community to expand its social and commercial horizons and not as a technology product.

With the objective of building the largest 3G network across the Africa, the company will be rolling out its data network across all its markets in the continent. There are currently 280 Airtel 3.75G sites across Zambia - covering all provincial districts. By the end of this year, the company aims to roll out up to 400.