Telecom major Bharti Airtel today announced partnership with Amazon Web Services to offer its cloud computing services to customers in India.
Telecom major Bharti Airtel today announced partnership with Amazon Web Services to offer its cloud computing services to customers in India.
"In line with this market adoption, we are excited to strengthen Airtel's cloud services portfolio by adding Amazon Web Services to our growing list of cloud services providers.
We are confident that this will help our global customers truly leverage the benefits of cloud," Bharti Airtel's Global Business CEO Ajay Chitkara said in a statement.
Cloud computing services offer software and other facility on pay as per use basis without customers requiring to buy entire product.
Amazon Web Services offers facility like website hosting, data storage and other softwares required to run or manage businesses.
An Airtel official explained that under this partnership customer will get commitment from the company on dedicated connection between their premise and AWS data centres --the facility which was not available earlier.
"By utilising AWS Direct Connect customers are able to reduce network costs, increase bandwidth throughput and provide a more consistent network experience, helping Indian businesses of all sizes to rapidly expand their organisations," Amazon Web Services India Head Bikram Singh Bedi said.
Bharti Airtel stock price
On March 20, 2015, Bharti Airtel closed at Rs 380.35, down Rs 1.25, or 0.33 percent. The 52-week high of the share was Rs 419.90 and the 52-week low was Rs 289.80.
The company's trailing 12-month (TTM) EPS was at Rs 28.61 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 13.29. The latest book value of the company is Rs 166.93 per share. At current value, the price-to-book value of the company is 2.28.
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