The Airtel IQ Reach platform enables a brand/business to define the reach of the messaging.
The company further stated that the aforementioned installments carried a 10% interest rate.
As a result, the telco will operate in three business and channel segments.
The company has acquired the said stake for a consideration of Rs 1.34 crore.
In the first phase, 60,000 Matter bikes will be outfitted with Airtel E- Sims equipped with advanced IOT features.
ABG and Vodafone Group will make investment in the fresh equity of the company to the tune of Rs 2,000 crore.
Shares of state-owned telco Mahanagar Telephone Nigam Limited (MTNL) surged about 12%.
Moreover, NELCO has the opportunity to pursue additional investments to raise its ownership stake to a minimum of 30%.
The first 1 lakh 5G sites were deployed within 5 months of service launch.
These advance purchase orders were issued on May 19.
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