Bharti Airtel Q4 net up 98%
Bharti Airtel has reported a whopping 98% increase in its fourth quarter net profit at Rs 1,353 crore as its revenue increased by 58% to Rs 5393 crore. For the year ended March 2007, Bharti’s net profit increased 89% to Rs 4,257 crore while sales rose 59% to touch 18,520 crore.
Bharti chairman and MD, Sunil [...]
Bharti Airtel to begin operations in Sri Lanka
Bharti Airtel has received approval to become the 5th operator in Sri Lanka. It will invest $150 million to start its 2G and 3G services in the country.
Outside India, Bharti Airtel operates in the Seychelles and the UK Channel Islands.
The other companies which placed their bids for the license were Reliance Communications and Maxis [...]
Bharti overtakes Hutch in ARPU
India’s largest mobile operator, Bharti Airtel has overtaken Hutchison Essar with regard to its average revenue per user (ARPU).
As per the latest data by the Cellular Operators Association of India, Bharti had an ARPU of Rs 343.17 per month for the quarter ended December 2006, ahead of Hutchison Essar’s Rs 340.15 per month. Hutch’s ARPU [...]
Sunil Mittal is Fortune’s Asian businessman of the year
Sunil Mittal has been adjudged “Asia businessman of the year” by Fortune magazine for making Bharti Airtel the telecom leader in India.
This Fortune article talks about how he built a mobile-phone empire by turning outsourcing on its head.
The epiphany.
The more he pondered, the more Mittal doubted his ability to build out a network fast [...]
Bharti wins mobile license in Europe
Bharti Global, the offshore investment arm of Bharti, has has won the second telecom licence to operate 3G and 2G mobile services in Guernsey, an Island located in the English Channel in Europe.
This is the third international telecom venture of Bharti, and the second in Europe.
In May 2006, Bharti bagged the license to operate full-fledged [...]
Airtel awards billion dollar deal to Ericsson
Bharti Airtel has awarded to Ericsson a one billion dollar (Rs 4500 crore) contract extending over three years, for the expansion and upgrade of Bharti Airtel’s mobile network in 15 circles.
Last year Bharti Airtel had signed a 250 million dollar (Rs 1,075 crore) contract with Ericsson, to set up and maintain Airtel’s cellular network in [...]
Airtel among top 10 IT companies
Bharti Airtel Ltd, India’s top operator, has been ranked among the top 10 best performing IT companies in the world by Business Week.
Business Week ranked companies on four criteria — return of equity, revenue growth, shareholder return (given equal weight) and total revenue (which was weighted).
Describing the company as a highly innovative company, the magazine [...]
India mobile users to treble by 2011: Bharti
According to Sanjay Kapoor, Joint President, Mobility at Bharti the number of cellular subscribers in India will treble to 300 million in the next three to five years.
Bharti is confident of sustaining its addition rate of more than a million subscribers per month. Kapoor said Bharti’s net adds would continue to outpace overall new mobile [...]
Airtel going abroad
For the first time, Sunil Mittal - chairman of the $2.7 billion Bharti Enterprises is revving up to launch cellular services under the Airtel brand banner in major overseas markets.
ET quotes Mr. Mittal saying:
“Bharti Airtel (formerly Bharti Televentures) is now ready to go international. The company is exploring opportunities to acquire overseas cellular licences [...]
Bharti to invest $2 billion this fiscal
Bharti Airtel has capital expenditure plans to the tune of $1.8-2bn for the current financial year.
The funding of the investments would be through internal accruals and any shortfall would be met through borrowings. There are no plans to raise additional equity.
The company aims to expand its network to cover the entire lot of 5,200 census [...]
VeerChand Bothra
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