Bharti Airtel rises on deploying additional sites in Sabarkantha district to densify network
Bharti Airtel is currently trading at Rs. 1290.00, up by 14.40 points or 1.13% from its previous closing of Rs. 1275.60 on the BSE.
The scrip opened at Rs. 1274.10 and has touched a high and low of Rs. 1302.95 and Rs. 1272.00 respectively. So far 71072 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1364.05 on 24-Apr-2024 and a 52 week low of Rs. 783.60 on 16-May-2023.
Last one week high and low of the scrip stood at Rs. 1302.95 and Rs. 1269.85 respectively. The current market cap of the company is Rs. 784564.35 crore.
The promoters holding in the company stood at 53.49%, while Institutions and Non-Institutions held 43.66% and 2.85% respectively.
Bharti Airtel has deployed additional sites in Sabarkantha district to densify its network. The network expansion project in Sabarkantha was undertaken across 214 villages covering 2.7 lakh population base. Customers in the tehsils of Idar, Prantij, Talod, Vijaynagar under the Sabarkantha district will directly benefit from this network expansion.
The expansion will enable seamless access to high-speed connectivity that will ensure reliable mobile network for work, study and entertainment in rural parts of Sabarkantha. 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.
To expand coverage in rural villages in the state and to bring customers to enjoy the power of high-speed connectivity, the rural expansion project covers fifteen districts of Gujarat including Bharuch, Gandhinagar, Mehsana, Banaskantha, Surat, Ahmedabad, Kheda, Bhavnagar, Botad, Anand, Rajkot, Morbi, Vadodara, Sabarkantha and Patan, impacting over 50 lakh population across these districts.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.