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Bharti Airtel rises on launching ‘Airtel Xstream AirFiber’

Aug-07-2023   12:48 Hrs IST

Bharti Airtel is currently trading at Rs. 897.60, up by 7.30 points or 0.82% from its previous closing of Rs. 890.30 on the BSE.

The scrip opened at Rs. 877.05 and has touched a high and low of Rs. 900.00 and Rs. 877.05 respectively. So far 55597 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 901.55 on 27-Jul-2023 and a 52 week low of Rs. 697.20 on 05-Aug-2022.

Last one week high and low of the scrip stood at Rs. 900.00 and Rs. 865.05 respectively. The current market cap of the company is Rs. 537387.41 crore.

The promoters holding in the company stood at 54.97%, while Institutions and Non-Institutions held 41.14% and 3.88% respectively.

Bharti Airtel has launched ‘Airtel Xstream AirFiber’, its fixed wireless access (FWA) offering, on 5G for consumers in Delhi and Mumbai. The need for Wi-Fi at home has grown exponentially in the past 3-4 years. With fiber to home connecting only 34 million homes in India, a very large number of customers struggle for fiber access. Airtel Xstream AirFiber is the country’s first 5G wireless Wi-Fi solution that will offer internet to consumers in fiber dark areas. It will address the last mile connectivity issue in both rural and urban India where access to fiber infrastructure is a challenge. Xstream AirFiber is a plug-and-play device with in-built Wi-Fi 6 technology that will offer wide indoor coverage and can simultaneously connect up to 64 devices. 

Airtel Xstream AirFiber service is available at an affordable 799 plan, which offers up to 100Mbps speed. The plan can be availed for a duration of six months with a one-time refundable security deposit of Rs 2500. To avail the service, customers can walk into select Airtel stores in Delhi and Mumbai and opt for Xstream AirFiber. Airtel plans to launch the service in multiple cities and scale up nationally in a phased manner. All Xstream AirFiber devices will be manufactured in India under the ‘Make in India’ programme.

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