The largest telecom operator in India, Bharti Airtel, has crossed 300 million customers landmark for all services including fixed line, mobile, DTH and DSL in the country. Bharti Airtel also operates in some select markets in Africa.
After humble start in 1995, Bharti Airtel reached 100 million consumers mark in 2009. The next 100 million came pretty quick in 2012. Bharti has become the fourth largest telecom services companies in the world in terms of consumer base.
Loop Mobile's potential merger with telecom operator Bharti Airtel will push Vodafone to the second spot in the Mumbai circle.
After the completion of the deal, Airtel will surpass its biggest rival Vodafone to grab the top spot in Mumbai, with a combined subscriber base of 7.3 million. Vodafone will slip to the second spot with nearly 7 million subscribers in the circle.
However, many analysts say that the race for having bigger subscriber base doesn't make sense in the modern days as spectrum is now not given on subscriber-linked criteria.
India's leading mobile phone carrier Bharti Airtel Ltd is going to acquire Loop Mobile in a deal worth Rs 700 crore, and the deal may officially be announced as soon as this week, emerging reports suggest.
Several local newspapers have reported that Airtel will acquire Loop's nearly 400 telecom towers along with optic fibre and electronic equipment, which is currently used by Loop to run its network.
Telecommunication services provider Bharti Airtel on Tuesday reported its first quarterly net profit in four years, thanks to lower competition and a rise in voice call rates.
The New Delhi-based company announced that its consolidated net profit jumped to Rs 610 crore in the three months ended December 31, 2013; from Rs 284 crore in the corresponding three-month period of the previous year.
The company's net income before exceptional items jumped to Rs 832 crore. Revenue jumped to Rs 21,939 crore, up 13.3 per cent from Rs 19,362 crore reported in the year-ago period.
India's leading mobile phone operator Bharti Airtel has struck a comprehensive telecom infrastructure sharing deal with Mukesh Ambani-led Reliance Jio Infocomm, a move that that is expected to cut costs the two companies incur on their respective networks.
The deal will allow the two companies to use each other's infrastructure. In other words, the two companies can now use each other's towers, optic fibre, submarine cable networks, and internet broadband services.
Two Indian telecom operators have hiked their international call rates, mainly to cope with the impact of depreciation in the value of rupee.
Bharti Airtel, the country's leading mobile phone operator, has announced an increase of up to 80 per cent in international call rates; while Idea Cellular has increased international call rates by up to 25 per cent.
The official websites of the two operators revealed that standard international call rates to countries like the United States, Britain and Canada have been increased from Rs 6.40 per minute to Rs 8 per minute.
Bharti Airtel, India's leading mobile phone operator, on Friday announced a new plan that allows post-paid customers to customise their bill plans as per their needs.
The new plan, called myPlan, allows post-paid customers to select a plan from five available monthly rental plans that start from 199 and go up to Rs 999.
Govind Rajan, CMO of Consumer Business at Airtel, said that they launched myPlan because every customer has different needs and requirements.
Telecom giants in India are likely to have had a tougher second quarter ended September 30 this year, according to analysts' estimates.
Analysts are of the view that telecom firms like Bharti Airtel, Idea Cellular and Reliance Communications most likely have suffered tougher second quarter as modest sequential revenue per minute growth, decline in average revenue per minute and a fall in call traffic might have likely made the seasonally weak September quarter ever weaker.
In a bid to get much-needed capital to enhance its balance sheet and fund future growth, Indian telecommunications giant Bharti Airtel has decided to sell a 5 per cent stake to Gulf state Qatar for Rs 6,800 crore ($1.26bn).
On Friday, Bharti announced that it would issue 199.87 million new shares to Qatar Foundation Endowment (QFE) - an investment vehicle of the Qatar Foundation controlled Qatar’s emir’s wife Sheikha Mozah - at a rate of Rs 340 apiece, which represents a premium of 7.3 per cent to the stock’s Thursday closing price.
Bharti Airtel Ltd, India’s biggest cellular carrier by customers, suffered a year-on-year decline of nearly 50 per cent in net profit in the fiscal fourth quarter ended March 31.
Airtel announced that its net profit slipped to Rs 5.09 billion in the three months to March 31, from Rs 10.06 billion in the corresponding period of the previous fiscal.
A group of analysts polled by Thomas Reuters had projected a net profit of Rs 7.41 billion for the company’s fourth quarter.