Bharti Airtel share price: The share price of telecom giant Bharti Airtel Limited will be in focus in business on 27 February today. Bharti Group company has confirmed that it is direct-to-hom of Tata Play (DTH) The business is interacting with the Tata Group to merge with its subsidiary Bharti Telemedia Limited. The telecom operator said in the exchange filing on 26 February, “We want to inform that Bharti Airtel Limited and Tata Group, Tata Play Limited, are holding bilateral discussions for possible transactions for possible transactions to integrate the business of Tata Group under Tata Group’s Direct to Home (‘DTH’) business with Airtel’s subsidiary Bharati Telemidia Limited.” “In the acceptable structure of all sides.” He clarified in this that “the above case is still in the stage of discussion.”
This news was published on 25 February
It is noteworthy that our associate channel CNBC-Awaaz’s Aseem Manchanda had reported last Tuesday that Tata Play and Airtel DTH will be merged. Both companies can be merged through share swaps. Bharti Airtel’s stake in the new company may be more than 50%.
Let us tell you that Tata Play had a loss of Rs 354 crore in the last financial year. While Bharti DTH suffered a loss of Rs 76 crore. At the same time, the number of DTH customers is continuously decreasing. The company’s customer base has come down from 120 million to 84 million. Currently four companies are present in the market. However, Airtel did not respond to this news at that time. Earlier, Tata sold its telecom business to Bharti Airtel.
Goldman Sachs raised target price
Earlier this week, international brokerage goldman Sachs had increased its target price for Bharti Airtel from ₹ 1,700 to ₹ 1,780, citing strong revenue growth and better income pace than expected.
Brokerage estimates that it will increase by about 9.2 percent from the current level. The reason for this is the good growth of broadband customers and an increase in margin in wireless trading. It describes Bharti Airtel’s disciplined capital expenditure and strategic change towards high margin segments as the main positive aspect.
