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Airtel's data centre business Nxtra, Indus Towers merger unlikely: CEO Vittal
Livemint
·
1y ago
Medial
Bharti Airtel has stated that it will not merge its data centre business, Nxtra, with Indus Towers. The telecom operator prefers to keep the assets unbundled for flexibility. Bharti Airtel is the largest shareholder in Indus Towers and had previously expressed plans to dilute its holdings in Nxtra. However, Airtel's top executives have indicated that merging the assets is not currently a direction they are pursuing. Data centres are seen as a long-term investment for Airtel, with the company planning to spend around INR 5,000 crore on them in the coming years.
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Bharti Airtel in talks with Vodafone for majority stake in Indus Towers: Report
Livemint
·
1y ago
Medial
Bharti Airtel is reportedly in talks to acquire an additional 3% stake in Indus Towers from Vodafone, which would give Airtel a controlling 52% stake in India's largest mobile tower installation company. This comes after Vodafone recently sold 18% equity in Indus Towers for approximately INR 15,300 crore. Airtel also plans to merge its data center business, Nxtra, with Indus Towers. The proceeds from the deal would help Vodafone pay off its outstanding dues of nearly INR 5,400 crore.
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Airtel to steer clear of GPU-as-a-service for now, focus on data centre business
Livemint
·
6m ago
Medial
Bharti Airtel will not pursue GPU-as-a-service in the near term, opting instead to expand its data centers, according to MD Gopal Vittal. The company plans to roll out fixed wireless access (FWA) but will prioritize 5G, homes, and broadband for future investments. Airtel will also sell tower assets to Indus Towers for efficiency and better management. Airtel reported substantial profits for the December quarter, largely due to a one-time gain from Indus Towers' financials.
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Vodafone Idea-Indus Tower stake sale: Telecom major sells shares worth $2 bn
Livemint
·
1y ago
Medial
Vodafone Group plans to sell nearly 18% of its stake in Indus Towers, worth up to $2 billion. Initially intending to sell only 10%, Vodafone plans to utilize the proceeds to pay off its debts. The stake sale is scheduled for June 19, with shares expected to be sold for a range of 310 to 341 rupees. This news follows Bharti Airtel's announcement of acquiring an additional 1% stake in Indus Towers.
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Need to raise data tariff but no premium for 5G services: Airtel's Gopal Vittal
Livemint
·
1y ago
Medial
Airtel's managing director and CEO, Gopal Vittal, suggests increasing data tariffs in India to reflect the actual value of services. He argues that the current prices for data are too low, despite recent increases, and believes there is an opportunity to raise entry-level tariffs. However, he clarifies that Airtel will not charge a premium for its 5G services and plans to make fixed wireless access (FWA) services available next year, pricing them on par with broadband services. Additionally, Vittal mentions the possibility of diluting equity or listing Airtel Payments Bank in the future.
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Residual funds from Voda's Indus Towers stake sale may go towards latter's dues
Livemint
·
1y ago
Medial
Indus Towers may receive residual funds from Vodafone's stake sale in the company. Indus has a secondary pledge on Vodafone's 21% stake, and if the sale goes through, Indus will receive the residual amount after Vodafone clears dues with primary pledgers, up to a maximum of ₹4,250 crore. Indus Towers has been collecting receivables from Vodafone Idea and is in discussions for a payment plan to clear outstanding dues. The tower provider expects to benefit from incremental tenancy business and plans to offer Vodafone Idea existing towers as second tenants.
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Smaller cities are stealing the show in data centre expansion
Economic Times
·
1y ago
Medial
India's data centre industry is expanding beyond traditional metropolitan hubs like Mumbai and Chennai and moving towards emerging hotspots in cities such as Kochi, Jaipur, Ahmedabad, Lucknow, Patna, and Visakhapatnam. This shift is driven by the need to serve a growing and distributed user base across the country. Companies like Airtel's Nxtra, NTT, and CtrlS see opportunities in these locations due to improved infrastructure, strategic positioning, and cost advantages. The launch of 5G and the increasing demand for low-latency computing are expected to further boost growth in tier-2 and tier-3 cities.
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Tariffs 'absurdly low', need substantial repair: Airtel's Gopal Vittal
Livemint
·
1y ago
Medial
Bharti Airtel's CEO, Gopal Vittal, has emphasized the need for a significant increase in tariffs to repair the telecom industry. He stated that the current level of tariffs in India is "absurdly low" and multiple rounds of tariff hikes are required. Vittal believes that average revenue per user (ARPU) needs to reach ₹300, although even at this level, it would still be one of the lowest globally. He added that the pricing and tariffs in India are broken, hindering the monetization of 5G services. Vittal also welcomed Vodafone Idea's recent fundraising efforts and emphasized the need for three strong operators in the market.
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Bharti Airtel names Sharat Sinha as Airtel Business CEO
YourStory
·
1y ago
Medial
Sharat Sinha has been appointed as the CEO of Airtel Business, a division of telecom operator Bharti Airtel. Sinha, who previously served as the president of Asia Pacific at Checkpoint Software Technologies, brings a wealth of experience from leading technology companies such as Palo Alto Networks, Cisco, and VMWare. In his new role, Sinha will report to Gopal Vittal, CEO and MD of Bharti Airtel, and will contribute to the company's ambitions in expanding its connectivity and adjacencies portfolio. This appointment follows the restructuring of Bharti Airtel's enterprise arm last year.
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Bharti Airtel's majority investments to be in 5G even with limited monetisation: Gopal Vittal
Money Control
·
1y ago
Medial
Bharti Airtel's managing director, Gopal Vittal, stated that the telecom company will focus on investing in 5G technology, even though there is limited monetization potential. Capacity investments in 4G have been halted. Vittal emphasized that tariff repair is necessary for improved return ratios, regardless of the technology driving the improvements. He also highlighted that the pricing architecture in India is flawed, preventing effective monetization. Free 5G data and unlimited plans are creating challenges in this regard. Bharti Airtel reported a consolidated net profit of Rs 2,072 crore in Q4FY24, down 31.1% compared to the previous year.
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Airtel MD Gopal Vittal to take on some key roles from Sunil Mittal; says no intention to leave Bharti Group
Money Control
·
9m ago
Medial
Gopal Vittal, the Managing Director of Bharti Airtel, will take on additional roles across the group to drive synergy and oversee growth areas. Starting in January 2026, Vittal will become the Executive Vice Chairman, while the current COO, Shashwat Sharma, will step in as CEO. Vittal will mentor Sharma and continue to provide oversight across overseas operations. He will also focus on scaling the telco's digital services, financial services, and data centers. Vittal stated that he remains fully committed to the Bharti Group and has no intention of taking on any role outside of it.
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