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Bharti Airtel - mobile, broadband and enterprise data in India and across Africa.
India's second-largest mobile operator by subscribers and the highest earner per user, with large African operations
Note: FY25's profit jump reflects a large one-off/deferred-tax-related gain, not run-rate
Market cap, ratios, CAGR and revenue: company table snapshot as of 30 Oct 2026 (the same figures on every page). Price: snapshot as of 30 Oct 2026. Not investment advice.
Runs mobile and fixed networks carrying India's calls and data. Bharti Airtel is the only telecom stock in the index and one of its largest single weights.
India's mobile market is now effectively a two-player game (Jio and Airtel) with a weak third, so tariff hikes flow to profits. Airtel's weight alone makes it an index mover.
Heavy upfront spend on spectrum and towers, then strong cash flow as average revenue per user (ARPU) rises. Africa and enterprise data add growth.