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Tag: airtel
Bharti Airtel inks Mumbai merger
2014-06-23 02:00:00| Total Telecom industry news
Indian mobile operator confirms plan to buy Loop Mobile, but merged entity will not be Mumbai's largest.
Tags: merger
mumbai
inks
airtel
Bharti Airtel quarterly revenue up 13.5% on Indian strength
2014-04-29 14:01:00| Telecompaper Headlines
(Telecompaper) India-based Bharti Airtel reported revenue for its fiscal fourth quarter to March up 13.5 percent year-on-year to INR 222.2 billion. The company grew revenues 11.6 percent in its home market and 3 percent abroad, helped by stronger voice pricing in India, a near doubling in mobile data revenue and customer expansion in Africa and south Asia. EBITDA improved 20.6 percent to INR 73.1 billion, and net profit jumped 89.1 percent to 9.6 billion, supported by lower forex losses. The operator finished the quarter with 295.9 million customers in 20 countries, up 3.0 percent from the end of 2013 and 9.1 percent more than March 2013. Quarterly growth slowed in Africa to 1.7 percent due to regulatory issues, notably a sales ban in Nigeria, giving Airtel 69.44 million customers on the continent at end-March. In India, mobile customers grew 3.5 percent in the three months to 205.52 million, TV subscribers were up 2.3 percent to 9.01 million, and fixed customers were unchanged at 3.36 million. After a 22 percent rise in net income over the full year, Airtel raised its dividend to INR 1.80 per share from INR 1.00 last year.
Tags: indian
strength
revenue
quarterly
Bharti Airtel posts positive Q4 as mobile data revenues soar
2014-04-29 02:00:00| Total Telecom industry news
Indian operator reports 89% increase in quarterly profit; total footprint serves 296 million customers.
Tags: data
posts
mobile
positive
Bharti Airtel, Safaricom confirm talks to acquire Yu assets
2014-03-04 23:57:00| Telecompaper Headlines
(Telecompaper) Indian communications carrier Bharti Airtel confirmed that its subsidiary Airtel Networks Kenya has sought approval from the Communications Authority of Kenya (CAK) to acquire the telecommunications licences and subscribers of Essar Telecom Kenya, which operates under the brand name Yu. Bharti said that under the proposed arrangement, over 2.7 million Yu customers would become part of Airtel Kenya's mobile network. The company did not provide further details. Kenya's leading mobile operator, Safaricom said it was also in talks to acquire a stake in Essar Telecom and take over Yu's network assets. Safaricom plans to buy Yu's base stations to support its efforts to improve network quality. No financial details of the proposed transaction were disclosed. According to the latest statistics from CAK, Yu holds a market share of 8.8 percent in the country, putting it in third place ahead of Orange Kenya.
Tags: confirm
assets
talks
acquire
Airtel expands in Mumbai with Loop Mobile takeover
2014-02-18 08:53:00| Telecompaper Headlines
(Telecompaper) Bharti Airtel has agreed to buy its smaller rival Loop Mobile's activities in Mumbai. The deal nearly doubles Airtel's base in Mumbai, adding Loop's 3 million customers to Airtel's 4 million in the city. Loop also brings 2,500 2G/Edge cell sites, boosting coverage for Airtel, which has over 4,000 2G/3G sites in Mumbai. The acquisition remains subject to a definitive agreement and regulatory approvals. No financial details were disclosed. Sources familiar with the matter told Indian paper the Economic Times that the deal is worth around INR 70 billion.
Tags: mobile
loop
expands
mumbai
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