Bharti Airtel surges on making significant investments in network expansion in Kerala
Bharti Airtel is currently trading at Rs. 1700.00, up by 63.35 points or 3.87% from its previous closing of Rs. 1636.65 on the BSE.
The scrip opened at Rs. 1665.25 and has touched a high and low of Rs. 1701.00 and Rs. 1645.70 respectively. So far 70150 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. 1183.60 on 08-Apr-2024.
Last one week high and low of the scrip stood at Rs. 1702.45 and Rs. 1619.95 respectively. The current market cap of the company is Rs. 1036077.28 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 has made significant investments in network expansion in Kerala. The company has deployed close to 2500 sites in the last two years, taking the total site count to over 11,000 in the state, the most by any telecom operator.
This targeted densification of network has been strategically conducted to cover both rural and urban areas that include places like Malappuram, Palakkad, Kasaragod, Kottayam, Pathanamthitta, Kollam, Idukki, Alleppey, Wayanad, Palakkad, Trivandrum, Thrissur, Ernakulam, Kozhikode, Kannur, etc.
The investment made by Airtel has resulted in a significant augmentation of the network experience for customers with improved browsing speeds, enhanced voice quality and seamless coverage throughout Kerala including the state highways, airports, ports, railway stations, high footfall areas like beaches, backwaters and other tourist destinations. This has been endorsed by Opensignal, which has awarded Airtel with most number of awards in its recent report.
Airtel was also the first to introduce the accessibility of its ultra-fast 5G service connectivity at Kochi's water metro stations. The company has now enhanced its 5G coverage to encompass the dramatic cliffs of Varkala, known for their pristine beaches and serene landscapes. The company's robust infrastructure also extends to the picturesque hill stations of Munnar, nestled amidst lush tea plantations and rolling hills. By strategically deploying its cutting-edge technology, Airtel has ensured that tourists and locals alike can stay connected with exceptional reliability and speed.
Bharti Airtel is a leading global telecommunications company with operations in countries across Asia and Africa.
