Airtel Launches India’s First Wireless Home Wi-Fi Service Powered by 5G Plus

Bharti Airtel has launched ‘Airtel Xstream AirFiber’, its fixed wireless access (FWA) offering, on 5G for consumers in Delhi and Mumbai. The need for Wi-Fi at home has grown exponentially in the past 3-4 years. With fibre to home connecting only 34 million homes in India, a very large number of customers struggle for fibre access. Airtel Xstream AirFiber is the country’s first 5G wireless Wi-Fi solution that will offer internet to consumers in fiber dark areas. It will address the last-mile connectivity issue in both rural and urban India where access to fiber infrastructure is a challenge. Xstream AirFiber is a plug-and-play device with in-built Wi-Fi 6 technology that will offer wide indoor coverage and can simultaneously connect up to 64 devices.  

Airtel Xstream AirFiber service is available at an affordable 799 plan, which offers up to 100Mbps speed. The plan can be availed for a duration of six months with a one-time refundable security deposit of Rs 2500. To avail the service, customers can walk into select Airtel stores in Delhi and Mumbai and opt for Xstream AirFiber. Airtel plans to launch the service in multiple cities and scale up nationally in a phased manner. All Xstream AirFiber devices will be manufactured in India under the ‘Make in India’ programme. 

Bharti Airtel Ltd is one of the world’s leading providers of telecommunication services with a presence in 18 countries representing India, Sri Lanka, and 14 countries in Africa. The company’s diversified service range includes mobile, voice and data solutions, using 2G, 3G and 4G technologies. 

At 2 pm, the shares of Bharti Airtel were trading at Rs 895.75, up by 0.61% from its previous closing of Rs 890.30 on the BSE. 

Today, the stock opened at Rs 877.05 and has touched a high and low of Rs 900 and Rs 877.05 respectively. The BSE group ‘A’ stock of face value of Rs 5 has touched a 52-week high and low of Rs 901.55 and Rs 697.20, respectively. 

Last one week high and low of the scrip stood at Rs 900.00 and Rs 865.05 respectively. The current market cap of the company is Rs 5,01,012.45 crore. 

The promoters holding in the company stood at 54.97%, while Institutions and Non-Institutions held 41.14% and 3.88% respectively. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.