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Qatar Foundation offloads Bharti Airtel stake

2017-11-09 01:00:00| Total Telecom industry news

The Qatar Foundation sold its 5% stake in Bharti Airtel on Wednesday, raising around 95 billion rupees (€1.26 billion). In a stock exchange filing, Qatar Foundation affiliate Three Pillars offloaded 199.87 million shares in the Indian operator on the open market…read more on TotalTele.com »

Tags: foundation qatar stake airtel

Bharti Airtel hikes 4G capex, plans 3G switch-off

2017-11-02 01:00:00| Total Telecom industry news

Bharti Airtel has ramped up capital spending on its Indian 4G network to 250 billion rupees (€3.32 billion) from INR200 billion for the current financial year. The Economic Times reported this week that the India-based telco has also revealed plans to shut down its 3G network and refarm spectrum in the 2…read more on TotalTele.com »

Tags: plans hikes airtel bharti

Airtel Digital TV adds 207,000 subscribers in 3Q 2017

2017-10-31 15:00:24| Digital TV News

Bharti Airtel has announced results for its second quarter ended September 30, 2017. DTH had 13.5 million customers at the end of the period, up 9.0% year-on-year. Net customer additions for the quarter were 207,000.

Tags: digital adds subscribers airtel

Airtel profits down sharply as Indian mobile results suffer from competition

2017-10-31 12:54:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel reported a sharp fall in net profit for the fiscal second quarter to September, to INR 3.43 billion from INR 14.61 billion a year earlier, hurt by the tough competition in its home market from the entry of new operator Reliance Jio. Revenues fell 11.7 percent to INR 217.77 billion, and adjusted EBITDA was down 15.4 percent to INR 80.04 billion.

Tags: from results mobile competition