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Bharti Telecom seeks Rs 4,900 crore FDI nod; infusion to make Airtel foreign firm

Monday, December 9, 2019, 8:00 AM

Bharti Telecom, a promoter of Bharti-Airtel, has sought government nod for the infusion of Rs.4,900-crore investment from Singapore-based Singtel and other foreign entities, a move that would make the country's oldest private-telecom-operator a foreign entity. The fund infusion will enhance foreign stakeholding in Bharti Telecom to over 50% that will make it a foreign-owned entity, an official source aware of the development told PTI.
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Govt gives Rs 42,000 cr relief to telcos, defers spectrum payments by 2 yrs

Thursday, November 21, 2019, 8:24 PM

The government on Wednesday doled out a Rs 42,000 crore relief to debt-laden telecom companies after it agreed not to take any payments for spectrum they use for the next two years. On October 24, the Supreme Court ordered telcos to pay as much as Rs 1.4 lakh crore in past statutory dues after considering non-telecom revenues for their calculation.
 
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Airtel is now shutting down its 3G network in Punjab

Friday, October 18, 2019, 5:51 PM

After Haryana, Airtel is now shutting its 3G services in Punjab. In a statement, one of the country's oldest telecom service provider said, "Mobile broadband services in Punjab will now be available to Airtel customers on its high speed 4G network along with HD quality VOLTE calling." Like Punjab, Airtel continues to provide 2G services in Haryana as well.

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