Bharti Airtel surges on entering into partnership with Intex

Bharti Airtel is currently trading at Rs. 487.85, up by 3.90 points or 0.81% from its previous closing of Rs. 483.95 on the BSE.

The scrip opened at Rs. 483.15 and has touched a high and low of Rs. 488.95 and Rs. 480.00 respectively. So far 5106 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 565.00 on 03-Nov-2017 and a 52 week low of Rs. 289.25 on 26-Dec-2016.

Last one week high and low of the scrip stood at Rs. 496.85 and Rs. 477.00 respectively. The current market cap of the company is Rs. 193454.18 crore.

The promoters holding in the company stood at 67.14%, while Institutions and Non-Institutions held 26.28% and 6.58% respectively.

Bharti Airtel has entered into a partnership with Intex Technologies (Intex) to launch a range of affordable 4G smartphones with advanced features.

The Intex Aqua LIONS N1, a brand new 4G smartphone from the Intex stable, will be available to Airtel customers at an effective price of just Rs 1649 (compared to market price of Rs 3799). The all new Dual SIM 4G smartphone is powered by MTK chipset with a 4' full touch WVGA screen, 2MP Rear & Front VGA camera, 1GB RAM and 8GB internal storage which is expandable up to 128GB along with a host of other exciting features.

Customers need to make a down payment of Rs 3149 for the Aqua LIONS N1. The all new 4G smartphone come bundled with a monthly pack of Rs 169 from Airtel, offering generous data and calling benefits. The customer is required to make 36 continuous monthly recharges of Rs 169 from Airtel. After 18 months, the customer will get a cash refund of Rs 500 and another Rs 1000 after the completion of 36 months, taking the total cash benefit to Rs 1500.

Under the 'Mera Pehla 4G Smartphone' initiative, Airtel aims to partner with multiple mobile handset manufacturers to create an 'open ecosystem' of affordable 4G smartphones and bring them to market for virtually the price of a feature phone. The partnership with Intex gives further momentum to this initiative which has received extremely positive response from customers looking to upgrade to a 4G smartphone and get on to the digital superhighway with access to all popular apps.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.