Bharti Airtel rises on collaborating with Ericsson
Bharti Airtel is currently trading at Rs. 1647.75, up by 6.15 points or 0.37% from its previous closing of Rs. 1641.60 on the BSE.
The scrip opened at Rs. 1641.75 and has touched a high and low of Rs. 1655.50 and Rs. 1639.60 respectively. So far 142537 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1778.95 on 26-Sep-2024 and a 52 week low of Rs. 1098.10 on 29-Feb-2024.
Last one week high and low of the scrip stood at Rs. 1658.30 and Rs. 1599.00 respectively. The current market cap of the company is Rs. 1005300.59 crore.
The promoters holding in the company stood at 53.11%, while Institutions and Non-Institutions held 43.86% and 3.02% respectively.
Bharti Airtel and Ericsson have strengthened their longstanding partnership through a new collaboration to deploy Ericsson's secure, high performing 5G Core network offerings to the benefit of the company's millions of customers and enterprises across India. The collaboration will enable the company to seamlessly transition to a commercially live, full-scale 5G Standalone network over time, bringing the high-end capabilities of 5G to their customers.
As part of this agreement, Ericsson will deploy its Signaling Controller solution within Bharti Airtel's network. Furthermore, Ericsson's 5G Standalone-enabled Charging and Policy solution will be introduced. These new capabilities represent a strategic enhancement to Bharti Airtel's 5G monetization efforts, enabling the development of new business models.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
