Bharti Airtel, India's top mobile phone operator, added 2.01 million mobile users in April, taking its total subscribers in the country to 183.3 million, data from an industry body showed on Friday.
Bharti Airtel is trading higher by 2% at Rs 303, extending its previous day’s 6% rally, on acquisition of 49% stake in US telecom major Qualcomm Inc’s fourth-generation (4G) broadband venture in the country for $165 million (Rs 907
Bharti will buy a 26% stake held by two Indian partners in the Qualcomm broadband venture and the remaining by subscribing to fresh equity, the company said in statement, sending its shares up as much 6.9%.
Shares of telecom services companies are under pressure on the bourses on concerns of increase in the debt burden due to the Telecom Regulatory Authority of India (Trai)’s recommendations on spectrum auction.
Bharti Airtel, India's top mobile phone operator, on Thursday cut prices of its third-generation (3G) mobile data services by about 70% under some plans, a company statement showed, in a move to boost usage of the premium services in the country.
Top mobile phone carrier Bharti Airtel is in advanced talks to buyout the Indian partners of Qualcomm Inc in a fourth-generation (4G) broadband venture in the country, two sources with direct knowledge said on Wednesday.
The Enforcement Directorate (ED) is investigating the country’s leading mobile operator, Bharti Airtel, under money-laundering and foreign exchange rules.
Shares in top mobile carrier Bharti Airtel were down 2.4% on Tuesday after the MoS for Finance said the company was facing investigation under India's money laundering and foreign exchange rules.
US telecom giant Qualcomm Inc will rope in an operator as partner, who would initially pick up the 26 per cent stake held by Tulip Telecom and GTL Group in its India broadband wireless access (BWA) venture. The two hold 13 per cent each in the venture.
The regional director (RD) of the ministry of corporate affairs and the registrar of companies (RoC) received several complaints against six telecom companies, including Reliance Communications, Vodafone, Idea and Bharti Airtel.
Telecom tribunal TDSAT on Wednesday stayed the penalty imposed by the Department of Telecommunications (DoT) on Bharti Airtel and asked it not to take any coercive action against the company for not disconnecting subscribers with faulty customer details.
Bharti Airtel, whose profit came under severe pressure in the fourth quarter of 2011-12, is looking at a revenue target of $ 5 billion from its African operations next year.
“Consolidated earnings before interest, tax and amortisation (EBITDA) margin was sustained at a robust level of 33.3% benefitting from scale and cost efficiencies, while revenue growth in the fourth quarter was fuelled by increased customer
India's largest telecom company by subscribers, Bharti Airtel has reported a consolidated net profit of Rs 1,006 crore in the fourth quarter ended March, down 28% from Rs 1,400 crore a year earlier.
Bharti Airtel has appointed Chinese telecoms gear maker Huawei Technologies to deploy and manage a 4G network in Karnataka, the companies said in a joint statement on Tuesday.The financial details of the deal were not disclosed.
Rating agency Fitch today said that telecom major Bharti Airtel's cash flow generation could be affected negatively due to its exposure to "adverse regulatory changes" in the country.
The country’s top three mobile players — Bharti Airtel, Vodafone and Idea Cellular — have together accounted for 80.8 per cent of the 6.88 million net additions to the GSM subscriber base in March.
Bharti Airtel’s stock has underperformed other telecom stocks in the last three months (down seven per cent against a four per cent rise for Idea and two per cent dip for RCom).
