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Tag: bharti
Bharti sells more towers in Africa
2014-09-08 02:00:00| Total Telecom industry news
Indian operator brokers deal with Eaton Towers for 3,500 towers in six markets; Nigeria deal reportedly to follow.
Tags: africa
sells
towers
bharti
Bharti raises 256m from towers stake sale
2014-08-08 02:00:00| Total Telecom industry news
Indian mobile operator sells 4.5% stake in Bharti Infratel to comply with securities regulations.
Tags: sale
raises
stake
towers
Bharti Airtel quarterly revenues up 13% on 3G expansion
2014-07-29 15:04:00| Telecompaper Headlines
(Telecompaper) Bharti Airtel reported revenues for its fiscal first quarter up 13.3 percent year-on-year to INR 229.6 billion. The growth was driven by a 74 percent increase in mobile data revenues to INR 22.0 billion, as well as a 9.1 percent rise in the number of customers to hit the 300 million mark. EBITDA for the three months to June rose 18.0 percent from a year earlier to INR 77.2 billion, giving a margin of 33.6 percent, up from 32.3 a year ago. A drop in financing costs helped net profit jump 61 percent to INR 11.1 billion. Airtel increased capital expenditure 74 percent to INR 39.9 billion, driven by the 3G roll-out in India. As a result, operating cash flow fell 12 percent to INR 37.3 billion. Airtel reported mobile revenues in its home market India up 10 percent to INR 127.5 billion, while EBITDA rose 25 percent to INR 47.1 billion. The number of customers in India rose 10 percent year-on-year and 2 percent from March to 209.41 million at the end of June. In Africa, the operator grew revenues 17 percent to INR 69.7 billion, and EBITDA rose 7 percent to INR 17.0 billion. The number of customers fell by 357,000 compared to March to 69.09 million, mainly due to a temporary sales ban in Nigeria.
Tags: expansion
quarterly
revenues
airtel
Bharti posts profit hike but Africa ops weigh heavy
2014-07-29 02:00:00| Total Telecom industry news
Indian telco's earnings impacted by EBITDA loss in Africa; overall customer base reaches 300 million.
Tags: posts
africa
heavy
profit
Bharti Airtel crosses 300 mln customers milestone
2014-07-28 09:17:00| Telecompaper Headlines
(Telecompaper) Bharti Airtel, which operates in 20 countries across Asia and Africa, announced that it has crossed the 300 million customers mark across its operations. The milestone includes customers across mobile, fixed line and DSL, and DTH services. The operator reached 100 million customers in 2009 and crossed the 200-million mark in 2012. The latest 100 million customers have joined the Airtel family in less than two years. The company ranks as the fourth largest mobile service provider globally and second-largest globally outside of China. Airtel's mobile networks cover over 1.85 billion people across 20 countries and carry over 311 billion minutes of calls every quarter.
Tags: customers
crosses
milestone
mln
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