Set for 5G roll-out, Airtel to cover 5,000 towns soon
Business Standard|August 10, 2022
Plan in place to cover all towns by March 2024, says CEO & MD Gopal Vittal
ANEESH PHADNIS
Set for 5G roll-out, Airtel to cover 5,000 towns soon

Bharti Airtel's roll-out of 5G on a pan-Indian basis will cover every town and key rural areas by March 2024, the company's chief executive officer and managing director, Gopal Vittal, said in a post-results conference call on Tuesday.

"We intend to launch 5G starting August and extending to a pan-Indian roll-out very soon. Detailed network rollout plans for 5,000 towns in India are in place," Vittal stated in a post-result conference call on Tuesday.

Vittal, however, did not give out a launch date and said the company was yet to decide on the pricing of its 5G plans.

Airtel, which saw nearly a six-fold jump in its net profit in the first quarter of FY23 to ₹1,607 crore on a year-on-year basis, has signed network agreements with Ericsson, Nokia, and Samsung.

This story is from the August 10, 2022 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the August 10, 2022 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
Cargo captain
Business Standard

Cargo captain

Shetty, the logistics leader who lives where Rajesh Khanna once did, takes DEV CHATTERJEE through his life that started at the docks, with some cinematic stopovers

time-read
6 mins  |
April 20, 2024
Infosys slumps to 5-mth low on modest guidance
Business Standard

Infosys slumps to 5-mth low on modest guidance

Firm expects BFSI to recover, which could be a key catalyst for revenue growth

time-read
2 mins  |
April 20, 2024
Business Standard

Sebi proposes special call auction for price discovery of holdcos

The Securities and Exchange Board of India (Sebi) on Friday proposed a new framework for price discovery of listed investment holding companies (holdcos) to address the gap between their traded price and book value.

time-read
1 min  |
April 20, 2024
Business Standard

Motilal Oswal shares soar on bonus proposal

Shares of Motilal Oswal Financial Services (MOFSL) surged more than 7 per cent on Friday after the brokerage firm said its board was considering a bonus issue.

time-read
1 min  |
April 20, 2024
Business Standard

enchmark indices snap four-day losing streak

Equity benchmark indices snapped their four-day losing streak to end Friday's session higher amid some short covering and a surge in index heavyweight HDFC Bank.

time-read
1 min  |
April 20, 2024
Business Standard

₹ hits new intraday low, bond yields surge

The rupee hit a new intraday low of 83.57 against the US dollar on Friday as geopolitical tensions escalated in West Asia but pared losses after Iran downplayed the impact of an Israeli missile attack.

time-read
1 min  |
April 20, 2024
Business Standard

HDFC AMC profit jumps 37% in FY24

HDFC Asset Management Company (AMC) on Friday reported a 37 per cent jump in net profit at 1,943 crore for the financial year 20232024 (FY24).

time-read
1 min  |
April 20, 2024
Business Standard

Vi FPO subscribed 49% on Day 2

The follow-on public offering (FPO) of Vodafone Idea (VIL) saw 49 per cent subscription on Friday, a day before its close.

time-read
2 mins  |
April 20, 2024
HDFC Bank shares gain ahead of results
Business Standard

HDFC Bank shares gain ahead of results

Increase in FPI legroom seen as key trigger

time-read
2 mins  |
April 20, 2024
Business Standard

MFs pare exposure to banks, NBFCs in fourth quarter

This comes amid persistent margin pressure, regulatory issues

time-read
2 mins  |
April 20, 2024