Bharti Airtel gains on entering into strategic partnership with Tech Mahindra
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Bharti Airtel is currently trading at Rs. 752.25, up by 2.85 points or 0.38% from its previous closing of Rs. 749.40 on the BSE.
The scrip opened at Rs. 752.00 and has touched a high and low of Rs. 755.60 and Rs. 739.60 respectively. So far 97995 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 781.90 on 24-Nov-2021 and a 52 week low of Rs. 504.55 on 01-Apr-2021.
Last one week high and low of the scrip stood at Rs. 769.75 and Rs. 697.35 respectively. The current market cap of the company is Rs. 442647.59 crore.
The promoters holding in the company stood at 55.93 % while Institutions and Non-Institutions held 38.85 % and 5.21 % respectively.
Bharti Airtel has entered into strategic partnership with Tech Mahindra to build and market innovative solutions for India’s digital economy by bringing together their core strengths. The company and Tech Mahindra will co-develop and market 5G use cases in India. Airtel has been spearheading 5G demos and testing in India while Tech Mahindra has developed world-class 5G applications and platforms. Airtel and Tech Mahindra will set up a joint 5G innovation lab for developing Make in India use cases for the Indian and global markets.
The two companies will also bring to market customized Enterprise Grade Private Networks, which will be at the core of the digital economy. These solutions will focus on combining Airtel’s industry leading integrated connectivity portfolio of 5G ready mobile network, Fiber, SDWAN, and IoT along with Tech Mahindra’s proven system integration capabilities. The companies will initially focus on segments such as Automobiles, Aviation, Ports, Utilities, Chemicals, Oil & Gas and expand to other industries going forward.
Airtel and Tech Mahindra will also offer secure Cloud and Content Delivery Network (CDN) solutions to businesses. With enterprises rapidly moving to cloud based platforms as part of their digital transformation journeys, Airtel has built a formidable Hybrid Cloud portfolio with Airtel Cloud, Airtel IQ (CPaaS) alongside CDN offerings. Further, the two companies will explore leveraging Tech Mahindra’s technological expertise to support Airtel in Cloud Engineering, implementation of tools for Cloud Orchestration.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
