Bharti Airtel inches up on deploying additional sites in Ernakulam, Idukki district to densify network
Bharti Airtel is currently trading at Rs. 1169.60, up by 0.90 points or 0.08% from its previous closing of Rs. 1168.70 on the BSE.
The scrip opened at Rs. 1174.40 and has touched a high and low of Rs. 1174.40 and Rs. 1157.85 respectively. So far 1491622 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1200.95 on 25-Jan-2024 and a 52 week low of Rs. 738.70 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1179.45 and Rs. 1098.10 respectively. The current market cap of the company is Rs. 704038.49 crore.
The promoters holding in the company stood at 54.57%, while Institutions and Non-Institutions held 42.30% and 3.13% respectively.
Bharti Airtel has deployed additional sites in Ernakulam and Idukki district to densify its network. The network enhancement project was undertaken across 60 towns and 266 villages covering 19 lakh population base. The additional sites will further augment customer experience in this region on both voice and data connectivity.
Customers in the tehsils of Aluva, Kanayannur, Kochi, Kothamangalam, Kunnathunad, Muvattupuzha, Paravur, Devikulam, Peerumade, Thodupuzha, Udumbanchola under Ernakulam and Idukki district will directly benefit from this network enhancement. This expansion will enable seamless access to high-speed connectivity, a massive service for customers in rural & smaller towns in Ernakulam and Idukki thereby ensuring reliable mobile network for work, study and entertainment. In this year alone, Airtel has doubled down on its commitment to the state and has invested additional capex to enhance its network connectivity for seamless experience on 4G, 5G, Broadband and Fiber.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.