This telecom company powers 5G access to the Kochi water metro route!
The company experienced a sales growth of 11 per cent (CAGR) and a profit growth of 48 per cent (CAGR) during the same 5-year period.
Bharti Airtel is a global communications provider with 500M+ customers across 17 countries. It ranks among the top three mobile operators globally, serving over two billion people. Airtel offers a range of services, including high-speed broadband, streaming, digital payments and enterprise solutions.
Bharti Airtel, a leading telecommunications service provider in India, has announced the availability of its 5G service at Kochi's water metro stations. Airtel is the first provider to offer 5G access to customers traveling on India's first water metro service. The 5G service is accessible along the route of the Kerala Water Metro service, connecting the High Court-Vypin terminals and the Vyttila-Kakkanad terminals.
DSIJ offers a service 'Large Rhino' with recommendations for Large-Cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
Airtel's 5G network is now available in over 3,500 cities and towns across India, and the company aims to cover every town and key rural area by September 2023. Additionally, Airtel has launched unlimited 5G data for its customers, removing the data usage cap across all existing plans.
Over the past 3 years, the company generated returns of 50 per cent, while over the last 5 years, it achieved remarkable returns of 145 per cent. Moreover, the company experienced a sales growth of 11 per cent (CAGR) and a profit growth of 48 per cent (CAGR) during the same 5-year period.
On Thursday, shares of Bharti Airtel surged by 0.33 per cent from the previous close of Rs 827.90.
Investors should keep a close eye on this trending stock.