01-01-1970 12:00 AM | Source: Accord Fintech
Bharti Airtel gains on entering into partnership with Secure Meters
News By Tags | #51 #572 #276

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Bharti Airtel is currently trading at Rs. 769.00, up by 8.85 points or 1.16% from its previous closing of Rs. 760.15 on the BSE.

The scrip opened at Rs. 765.00 and has touched a high and low of Rs. 769.10 and Rs. 761.80 respectively. So far 101069 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 877.10 on 25-Nov-2022 and a 52 week low of Rs. 629.05 on 14-Jul-2022.

Last one week high and low of the scrip stood at Rs. 775.00 and Rs. 755.60 respectively. The current market cap of the company is Rs. 455935.17 crore.

The promoters holding in the company stood at 55.02%, while Institutions and Non-Institutions held 40.88% and 4.09% respectively.
 
Bharti Airtel has entered into partnership with Secure Meters for deploying Narrow Band (NB-IoT) services that will power 1.3 million homes in Bihar through a smart meter solution. This deployment will be India’s first NB-IoT solution on a narrow band with a fall-back option that will work on 2G and 4G and ensure real-time connectivity and uninterrupted transfer of critical data.

NB-IoT is a low-power, wide area, radio network technology developed by 3GPP which enables a wide variety of IoT devices and services including smart meters. Airtel’s NB-IoT platform is future-ready and is scalable to 5G. Airtel’s NB-IoT proposition also includes its advanced IoT platform ‘The Airtel IoT Hub’ which has been customised to suit the needs of Advance Metering Infrastructure Service Providers (AMISPs). Its Enterprise grade Feasibility Tool helps AMISPs plan their meter deployments better. Other functionalities include customer life cycle management and advanced analytics tools like diagnostics, live sessions check, and real-time data usage among others. Airtel’s network is ready for pan India NB-IoT deployment. It is designed for superior coverage to address the specific needs of the IoT market.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.