Telecom giant boosts connectivity: Expanding network in Wayanad and Kozhikode districts
With this expansion, company aims to ensure reliable network access for work, study, and entertainment, even in remote locations such as hill stations in Wayanad, Idukki, and Pathanamthitta.
On Thursday, the shares of Bharti Airtel Limited soared 0.44 per cent. The company's current market capitalisation is Rs 7,08,989 crore.
Recent development:
Bharti Airtel has expanded its network in Wayanad and Kozhikode districts to enhance connectivity. This project covers 48 towns and 293 villages, benefiting 17.8 lakh people. The additional sites aim to improve both voice and data connectivity, particularly benefiting areas like Kozhikode, Thamarassery, Quilandy, Vadakara, Mananthavady, Sulthanbathery, and Vythiri.
Airtel has intensified its commitment to Kerala by investing in network enhancement, aiming to cover 1600 villages and 355 towns across the state. This initiative aligns with Airtel's broader rural enhancement project, aiming to cover 60,000 villages nationwide by 2024.
The company's focus on expanding coverage in high-potential villages and tourist destinations, supported by fresh fiber capacity, reflects its dedication to providing high-speed connectivity across urban, semi-urban, and rural areas. With this expansion, Airtel aims to ensure reliable network access for work, study, and entertainment, even in remote locations such as hill stations in Wayanad, Idukki, and Pathanamthitta.
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About company:
Bharti Airtel Limited stands as a premier global telecommunications company. Its primary focus lies in elevating the end-user experience, ensuring round-the-clock infrastructure availability, and maintaining superior service quality.
Business breakdown:
The product-wise breakdown of revenue for the company reveals that the majority, approximately 81.44 per cent, is derived from the mobile segment. This indicates that mobile services are the primary revenue driver for the company. Additionally, the business segment contributes around 13.21 per cent of the revenue, while the home and digital TV segments contribute 3.23 per cent and 1.99 per cent, respectively.
Geographically, the revenue distribution highlights a significant presence in India, which accounts for approximately 72.08 per cent of the company's revenue. Africa follows closely behind, contributing around 27.66 per cent to the revenue stream. The Asia Pacific region contributes a nominal 0.25 per cent.
Overall, the company's revenue stream is heavily reliant on mobile services, particularly in the Indian market. However, it also demonstrates a diversified geographical presence, with substantial revenue contributions coming from Africa as well. This diversification helps mitigate risks associated with over-dependence on any single market.
Furthermore, the stock has witnessed significant buying activity as it has given returns of more than 56 per cent in the last 1 year.
Disclaimer: The article is for informational purposes only and not investment advice.