New Delhi: Bharti Airtel India's biggest mobile phone carrier by subscribers, reported its ninth straight quarterly profit decline as intense price competition and losses on foreign exchange eroded earnings. Consolidated net profit fell to 10.06 billion rupees in the fourth quarter ended March from 14 billion rupees a year earlier, Bharti said on Wednesday. That missed the average estimate of 12.12 billion rupees in a survey of 19 analysts by...
10:34 AM, May 02, 2012
Barcelona: Indian mobile phone users will have to pay more if the service providers are charged for spectrum, which was earlier given free to the operators, Chairman of the country's largest telecom company Bharti Airtel Sunil Mittal has said. "We have been offering services with lower tariffs when we have not been charged for spectrum. Going ahead, if it (spectrum) will be charged, we will also have to charge the...
05:12 PM, Mar 02, 2012
Barcelona: Underlining the need for a balanced growth in the telecom industry, Bharti group chief Sunil Mittal on Thursday favoured affordable tariffs that would also be viable for the sector. Against the backdrop of Indian telecom sector passing through turbulent times, Mittal quipped "who will gain if our business is shut down?". "We will favour affordable service which should be viable for industry. This has to be balanced," he told...
01:34 AM, Mar 02, 2012
New Delhi: Bharti Airtel Ltd disappointed investors with its eighth straight quarter of falling profit as the world's No 5 mobile carrier by users was buffeted by fierce competition from rivals in its home market. Bharti, controlled by billionaire Sunil Mittal, on Wednesday reported net profit for the three months to December fell 22 per cent from a year earlier to 10.11 billion rupees despite a 17 per cent rise...
10:53 AM, Feb 09, 2012
New Delhi: No more penalties will be levied on telecom operators till reasonable procedure is evolved, Telecom Minister Kapil Sibal has said, a move that will give big relief to the industry. "I have passed an order that no fine will be imposed henceforth till such a time we evolve reasonable procedures for imposition of fine. If the government fines Rs 50 crore, then people will go to court, nothing...
09:26 AM, Nov 28, 2011
Reflecting the global turmoil, the fortunes of a majority of the richest Indians fell this year. Even then, 15 individuals managed to break into his exclusive club. Oh, the ways of wealth! After two years of unprecedented richness, the 100 richest people in India have turned poorer in 2011. With the volatile Sensex losing more than 20 percent since we last compiled the list, Indias wealthiest saw their total fortune...
10:51 AM, Nov 15, 2011
New Delhi: Amid concerns of economic slowdown and policy paralysis, noted industrialist and telecom czar Sunil Mittal on Wednesday said "business is better than perception". Praising the government for its initiatives to deal with the current economic issues, Mittal said, "I have never seen in a long period of time, the finance ministry being so pro-active in looking up issues...informing us what is going on. I want to say business...
04:59 PM, Nov 09, 2011
India, for Paul E Jacobs - CEO of $ 11-billion telecom research and hardware company Qualcomm - has been like a box of chocolates, in a very Forrest Gump way. The good surprise came on June 11, 2010, when Qualcomm won the licence to offer broadband wireless access (BWA) in Mumbai, Delhi, Haryana and Kerala for $ 1 billion. The nasty one arrived on September 7, 2011, when the Department...
11:23 AM, Oct 20, 2011
New Delhi: Within days of hiking mobile tariffs in some segments, Bharti Airtel on Tuesday hinted that charges may go up "significantly" in the near future in view of rising operating costs. "...The pressure on this industry will be acute as the operators will have to serve the rural markets, as well as low-end customers, who use only voice calls and SMSes," Bharti Group CEO and Managing Director Sunil Mittal...
01:25 PM, Sep 06, 2011
New Delhi: Telecom giant Bharti Airtel on Monday proposed an annual pay package of up to Rs 70 crore for its chief Sunil Mittal, besides other benefits, while seeking its shareholders' nod for his remuneration. The proposed package would be more than double his last fiscal remuneration of Rs 27.5 crore, which is nearly three-fourth or about 76 per cent of the combined pay package of the company's all directors...
04:53 PM, Aug 01, 2011
He isn't walking into a park with plans to buy Zain Telecom's African business. ...
06:40 PM, Mar 07, 2010
Revenue rose 9 per cent to 98.46 billion rupees from 90.20 billion. ...
12:32 PM, Oct 30, 2009
India will have to change its listing laws for firms to widen wings overseas. ...
03:58 AM, Oct 01, 2009
MTN wanted to retain its national identity by listing Co in India and SA. ...
03:37 AM, Oct 01, 2009
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