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Bharti Airtel revenues up 10%, cash flow improves
2013-10-30 09:27:00| Telecompaper Headlines
(Telecompaper) Bharti Airtel reported third-quarter revenues up 9.9 percent from a year earlier to INR 213.2 billion. Growth was led by increasing voice and data usage, as well as expansion of the customer base in Africa and south Asia. EBITDA was up 15.1 percent to INR 68.3 billion, while net profit fell to INR 5.1 billion from INR 7.2 billion a year ago due to forex losses. Capex nearly halved to INR 21.4 billion, helping operating cash flow more than double year-on-year to INR 46.9 million. The group ended the quarter with 193.46 million mobile customers in its home market India, up by 1.3 percent from June. The digital TV base grew by 1.4 percent over the three months to 8.57 million, and fixed-line customers rose 1.5 percent to 3.34 million. In the rest of South Asia, the company had 8.34 million mobile customers, up by 4.0 percent from June, and the African mobile base increased by 3.4 percent in the quarter to 66.38 million.
Tags: cash
flow
revenues
improves
Category:Telecommunications
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