Telecom stock in focus after it lands 21,700 submarine cable systems for network enhancementTelecom stock in focus after it lands 21,700 submarine cable systems for network enhancement

Introduction:

Telecom stock has successfully landed the SEA-ME-WE 6 cable in Chennai, enhancing its global network. This addition strengthens its international connectivity and data center services, meeting growing demand for high-capacity routes connecting India to Singapore and France.

Share Price movement of Bharti Airtel:

On February 17, 2025, Bharti Airtel Limited opened at ₹1,716.95, reaching a high of ₹1,716.95 and a low of ₹1,687.50, down 1.38% from its previous close of ₹1,717.05. Currently, it is trading at ₹1,693.30, with a market cap of ₹9,65,039.04 crore.

Bharti Airtel share price rise:

Bharti Airtel has landed the SEA-ME-WE 6 cable in Chennai, following its earlier landing in Mumbai on December 30, 2024. The SEA-ME-WE 6 system connects India to Singapore and France, passing through Egypt with an extensive submarine cable system of 21,700 Rkm.

This new addition further strengthens Airtel’s global network presence, with an emphasis on providing diverse and scalable international connectivity. Airtel’s network spans five continents, and the company is committed to meeting India’s growing demand for global connectivity with enhanced capacity and routes.

The cable will be integrated with Airtel’s data center arm, Nxtra by Airtel, to provide global hyperscalers and businesses with seamless access to international connectivity and data center services. Airtel has invested in several global cable systems, including 2Africa and SJC2, further enhancing its network.

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Recent news About Bharti Airtel :

In the third quarter ending December 31, 2024, Bharti Airtel reported a significant increase in net profit, reaching ₹14,781 crore, with an adjusted profit after tax (PAT) growth of 121% year-over-year at ₹5,514 crore. Revenue grew 19% year-over-year to ₹45,129 crore, and EBITDA rose 24% year-over-year to ₹24,480 crore.

Stock performance of Bharti Airtel for Period of 1 week, 6 months and 1 year:

Bharti Airtel’s stock has shown strong growth across different time periods. Over the past week, it gained 1.42%. In the last six months, the stock rose by 17.3%. Over the past year, it experienced a substantial increase of 53.3%, reflecting strong performance.

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Shareholding pattern of Bharti Airtel:

All values in %	Dec-24	Sep-24	Jun-24
Promoters	53.11	53.14	53.17
FII	24.27	25.07	24.62
DII	19.64	18.81	19.29
Retail & others	2.98	2.96	2.91

About Bharti Airtel:

Bharti Airtel Ltd (NSE: BHARTIARTL)is a leading telecommunications company in India, offering mobile, broadband, and digital TV services. The company has a strong presence across global markets, providing innovative solutions and advanced technology to meet the growing demand for connectivity and data.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.