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Tag: airtel
Bharti Airtel offers 4G cheaper than 3G
2014-11-26 01:00:00| Total Telecom industry news
Indian mobile operator reportedly launching pre-emptive strike against Reliance Jio.
Tags: than
offers
cheaper
airtel
Airtel agrees to sell Nigeria towers to ATC
2014-11-24 13:55:00| Telecompaper Headlines
(Telecompaper) American Tower Corporation and Airtel have entered into a definitive agreement for the sale of over 4,800 of Airtel's communications towers in Nigeria. Airtel will be the anchor tenant on the portfolio under a lease with a ten-year initial term. The agreement will allow Airtel to focus on its core business and customers, enable it to deleverage through debt reduction and will significantly reduce its on-going capital expenditures on passive infrastructure in Nigeria. American Tower and Airtel expect to close the acquisition during the first half of 2015, subject to customary closing conditions and regulatory approval. Airtel Africa CEO Christian de Faria said the agreement, which is part of a stated philosophy of promoting infrastructure sharing, will provide cost efficiencies and at the same time allows the company to sharpen its focus on the customer. No financial details of the transaction were disclosed.
Tags: sell
nigeria
agrees
towers
Bharti Airtel fiscal Q2 revenue rises on mobile data growth
2014-11-03 01:00:00| Total Telecom industry news
India-based telco reports highest profit since March 2011; customer base tops 300 million.
Tags: data
mobile
growth
fiscal
Bharti Airtel revenues lift over 7% to INR 228.4 bln in Q3
2014-10-31 11:12:00| Telecompaper Headlines
(Telecompaper) Bharti Airtel reported revenues for its fiscal second quarter up 7.1 percent year-on-year to INR 228.4 billion. Growth was driven by a 66.7 percent increase in mobile data revenues to INR 25.4 billion, as well as a 8.4 percent rise in the number of customers which crossed the 300 million mark to 303.7 million. EBITDA for the three months to September rose 12.1 percent to INR 77.0 billion, giving a margin up 1.5 percent to 33.7 percent. The net profit lifted 170.2 percent to INR 13.8 billion, the company's highest quarterly profit since March 2011, boosted by improved operational efficiency, lower forex and derivative losses, and higher MTM losses on investment in the corresponding quarter last year. Operating cash flow fell 16 percent to INR 39.7 billion. Airtel reported revenues for mobile services in its home market India up 9.5 percent to INR 211.7 billion. Mobile Data revenue reached INR 18.0 billion, pulled up sharply by a 43 percent increase in the data customer base and higher usage per customer (+31.2%). Elsewhere in south Asia, revenues for mobile services slipped 8.0 percent. In Africa, revenues grew by 6.4 percent in local currency terms, but the USD appreciation depressed the reported growth to 1.9 percent year-on-year. Data revenues lifted 56.8 percent to USD 115 million, led by increase in the data customer base by 50.4 percent and higher usage per customer by 24.5 percent. Data revenues contributed 10.1 percent of overall Africa revenues, compared to 6.6 percent last year. The number of active Airtel Money customers rose to 5.3 million with the total value of transactions on the Airtel money platform crossing USD 3.3 billion.
Bharti Airtel adds 151,000 TV customers in 3Q 2014
2014-10-30 15:40:23| Digital TV News
Bharti Airtel has announced results for its second quarter ended September 30, 2014. On September 30, 2014, the Company had 9.5 million Digital TV customers, an increase of 11.3% compared to the corresponding quarter last year. Net customer additions were 151,000.
Tags: customers
adds
airtel
bharti
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