Bharti Airtel’s arm Airtel Payments Bank, identity technology company IDEMIA, and Nokia brand phone maker HMD Global have joined hands to bring Central Bank Digital Currency (CBDC) on feature phones in India. All three organizations would be working together to introduce an advanced offline payment system over the next few months that would facilitate the use of the digital rupee on feature phones and promote financial inclusion. Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
Furthermore, Bharti Airtel’s data user base and market share have grown significantly. The company continues to gain 4G/5G subscribers at a rapid pace, and it anticipates continued growth in both data subscribers and post-paid consumers. According to CLSA research dated September 7th, this rise is likely to boost Bharti Airtel’s ARPU and strengthen its overall market position.
Bharti Airtel continues to gain 4G/5G users at a rapid pace, with 24.5 million new subscribers added in the previous year. According to the research, CLSA expects Airtel to attain 20 million annual upgrades by FY26CL and 293 million data customers, resulting in a considerable rise in ARPU. CLSA expects that the surge in data subscriber additions will help Airtel’s ARPU rise from Rs 200 to Rs 257 by FY26CL.
Bharti Airtel is currently trading at Rs 887.00, up by 11.90 points or 1.36% from its previous closing of Rs 875.10 on the BSE. The scrip opened at Rs 880.05 and has touched a high and low of Rs 888.40 and Rs 878.60 respectively. So far 77,503 shares have been traded on the counter.
The BSE group ‘A’ stock of face value of Rs 5 has touched a 52-week high of Rs 901.55 and a 52-week low of Rs 736.20. Last one week high and low of the scrip stood at Rs 888.40 and Rs 858.55 respectively. The current market cap of the company is Rs 531043.37 crore. The promoters holding in the company stood at 54.97%, while Institutions and Non-Institutions held 41.14% and 3.88% respectively.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.