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Mittal Family Ready to Take a Bigger Pie of Bharti Airtel

Posted: 01 Jun 2022 08:27 PM PDT

Mittal Family

Mittal family, a promoter in Bharti Airtel has arranged for raising around $2 billion (around Rs 15,500 crore) via offshore/onshore credit lines with the help of around six banks. Singtel will be selling a small portion of its stake in Bharti Airtel to the Mittal family.

According to an ET report, the Mittal family is talking with banks such as JP Morgan, BNP Paribas, Citibank, Bank of America, and Standard Chartered for helping with raising liquid funds for the stake purchase. But the final terms with either of these banks are not firm yet but the proposed sale of the stake in Bharti Airtel by the Singtel group to the Mittal family will be done soon.

Breakdown of Holdings of Mittal Family and Singtel Group in Bharti Airtel

Note that both the Mittal family as well as the Singtel group own a stake in Bharti Airtel directly and indirectly through a promoter entity. So, first of all, there's Bharti Telecom which holds 35.85% of Bharti Airtel. The Mittal family owns a 50.56% stake in Bharti Telecom while the remaining 49.44% is owned by the Singtel group.

Then, the Mittal family and the Singtel group also own 6.04% and 14% of Bharti Airtel directly. This takes the final stakeholding of the Mittal family and the Singtel group to 24.13% and 31.72% in Bharti Airtel.

Singtel has been a promoter in Bharti Airtel for decades now. As per the current market cap of Rs 3.81 lakh crore, if the Singtel family sells $2 billion worth of stake to the Mittal family, it would result in 4% of Singtel's holdings gown down. That would most likely make the Mittal family the biggest stakeholder in the company.

Airtel's performance off late has improved and the analysts see the business of the telco booming in the coming years with uptrends in the overall revenues and profits. Airtel’s average revenue per user (ARPU) figure is also the highest in the country which means that the telco is earning the most out of each of its customers among all the competitors.

Reliance Jio Cuts Price of JioExtender6 AX6600 Wi-Fi 6 Mesh by Rs 16,000

Posted: 01 Jun 2022 05:45 PM PDT

Reliance Jio

Reliance Jio has cut the price of its JioExtender6 AX6600 Wi-Fi 6 mesh by Rs 16,000. The JioExtender6 AX6600 comes with support for Wi-Fi 6 standard connectivity and can deliver up to 1 Gbps speed. Using the mesh router, users can expand the network capacity by four times. It also helps with increasing the range of the Wi-Fi network by covering the dark spots in your home.

The company has made no announcements regarding the price cut and has silently reduced the price of the mesh router. Let's check out the new price of the JioExtender6 AX6600.

JioExtender6 AX6600 New Price in India

TelecomTalk had first reported on February 26, 2021, that Jio is offering the JioExtender6 AX6600 for Rs 25,999 through its website. Now, the company has reduced the price of the product from Rs 16,000 to Rs 9,999 only. The price cut is now visible to all customers across the country.

The mesh router comes with two-gigabit ethernet ports with 128MB Nand and 256MB RAM. It is powered by a quad-core processor and has eight high-performance internal antennas with high-power amplifiers.

Jio is offering the product with a 1-year manufacturer’s warranty and six months of warranty on the power adapter. The simple job of this mesh router from Reliance Jio is to fix the problems of dead spots (no Wi-Fi network zones) in your home. People will large homes have faced the problem of getting poor or no signal at all from their Wi-Fi network in certain areas of the house.

This Wi-Fi 6 capable mesh router from Jio could be a good deal right now as it is available for a massive discount, and users can purchase it directly from the website of the telco. Before placing the order, users will have to check availability for delivery in their pin-code, which can be done directly when placing the order through Jio's website.

Oppo’s New K Series 5G Phone Reported to Launch Soon in India

Posted: 01 Jun 2022 07:25 AM PDT

Oppo K10

The popular tipster Mukul Sharma has recently shared an image on Twitter of the upcoming smartphone from Oppo. He has also confirmed that the future device will be part of the Oppo K Series, and it might be either the Oppo K10 Pro or the Oppo K10x, which has already been launched in China. Let's take a look at the core details of the upcoming Oppo K Series 5G smartphone.

More Information on the Upcoming Oppo K Series Device

Oppo is set to launch its new smartphone in India soon. Oppo recently launched the Oppo K10 in India, and the company is also expected to launch the Oppo Reno 8 series devices in the coming days. The upcoming smartphone will be 5G capable.

Mukul Sharma said that the device is expected to be sold via the Flipkart platform. Further, the smartphone is expected to be thin and light. The device might also feature a side-mounted fingerprint sensor. As for the launch is considered, the Oppo's New K series 5G phone is expected to launch in India early next week.

As of now, in India, the Oppo K10 is the only smartphone in the K10 series to be launched in March 2022. The K10 device has a 6.5-inch Full HD+ LCD display screen and a 90Hz refresh rate. It is equipped with Qualcomm Snapdragon 680 chipset, which is paired with up to 8GB RAM and 128GB internal storage. The smartphone is also equipped with Adreno 610 GPU.

The device is backed by a 5,000mAh battery unit with support for 33W fast charging. Talking about the camera specifications. The Oppo K10 has a triple rear camera setup along with a 50MP primary sensor, 2MP depth sensor and a 2MP macro sensor. It has a front camera of 16MP for taking selfies and video calls.

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