Bharti Airtel

  • Bharti Airtel crosses 300 million customers mark July 28, 2014

    New Delhi: India's largest telecom firm Bharti Airtel today said it has crossed 300 million customers mark across its mobile, fixed line, DSL and DTH services. Bharti Airtel, which began operations in 1995, reached the 100 million customers mark in 2009 and crossed the 200 million mark in 2012. "The latest 100...
  • Bharti Airtel gains; RBI allows increase in FII limit July 4, 2014

    Shares in Bharti Airtel Ltd(BRTI.NS) gain after the Reserve Bank of India (RBI) increases limit for overseas investors to buy shares in the company. Foreign institutional investors can now invest up to 74 percent in Bharti Airtel under the portfolio investment scheme, the RBI said in a statement late on Thursday. The...
  • Here's why 4G technology will take another two years to gain momentum in India June 29, 2014

    New Delhi: It has been quite some time that the Indian telecom industry is talking about the fourth generation (4G) technology but is the market and the subscribers ready for it? Experts feel it will take another couple of years for 4G to gain steam and become a mass product...
  • Bharti Infratel Q4 net profit jumps 64 per cent April 24, 2014

    New Delhi: Indian telecommunications tower operator Bharti Infratel Ltd reported a 64 per cent jump in its quarterly profit, beating estimates on higher revenue from leasing mobile phone masts to phone carriers. Bharti Infratel, just under 80 per cent owned by top Indian phone carrier Bharti Airtel Ltd, said consolidated net...
  • Airtel launches unlimited-usage mobile service packs for its pre-paid customers April 16, 2014

    New Delhi: Telecom major Bharti Airtel launched multiple unlimited-usage service schemes starting from Rs 7 for its pre-paid customers. "Bharti Airtel today introduced its Night Store - a first of its kind store that will enable customers to buy value for money offers on their prepaid...
  • Reliance Jio, Bharti Infratel sign tower sharing agreement March 4, 2014

    Ahead of the launch of its mobile services, Mukesh Ambani-owned Reliance Jio Infocomm on Wednesday signed an agreement with Bharti Infratel to utilise the latter's tower infrastructure. The companies have signed a master services agreement and pricing would be at 'arm's length,' based on prevailing market rates, a joint statement by...
  • Bharti Airtel agrees to acquire smaller rival Loop Mobile February 18, 2014

    New Delhi: Bharti Airtel Ltd, India's top telecommunications carrier, said on Tuesday it had agreed to acquire smaller rival Loop Mobile the first merger in the country's crowded telecoms market in nearly six years. Bharti did not say how much it was paying for the assets of Loop Mobile, which...
  • Airtel launches 4G on mobile in Bangalore February 14, 2014

    New Delhi: Telecom service provider Bharti Airtel along with Apple Friday launched India's first 4G on mobile, a company statement said. The statement said now Airtel customers in Bangalore on Apple iPhone 5s or 5c will be able to experience 4G on their mobile at the current 3G prices. "Customers have to...
  • Bharti Airtel Q3 net profit jumps 115 per cent to Rs 610 crore January 29, 2014

    New Delhi: Led by growth in data revenues, country's largest telecom operator Bharti Airtel's net profit rose 115.1 per cent to Rs 610 crore for the quarter ended December 2013. The company had reported a net profit of Rs 284 crore in the corresponding period last financial year, the company said...
  • Airtel may sell mobile towers in Nigeria for about $550 million January 22, 2014

    New Delhi: Telecom major Bharti Airtel is expected to selloff mobile towers in Nigeria, biggest revenue generating market for the company in Africa, for $500550 million by April, industry sources said. The company has less than 4,000 mobile towers in the African country. When contacted Airtel spokesperson said: "As a company...
  • Reliance enters 2G race, telecoms firms fall on spectrum worries January 16, 2014

    Shares of India's leading mobile carriers slump on concerns over possible high bidding prices at a spectrum auction next month after eight companies applied to bid, signalling much stronger competition than expected. Reliance Industries, which bought panIndia 4G telecoms permits three years ago, has also applied to bid in the auction...
  • Airtel, Vodafone, RJIL, 5 others apply for spectrum auction January 16, 2014

    New Delhi: Bharti Airtel, Vodafone and a surprise entrant Reliance Industries are among the 8 telecom operators that have applied for bidding in the next month's spectrum auction through which the government is expecting at least Rs 11,300 crore. Tata Teleservices, Idea Cellular and Anil Ambani Group's Reliance Communications were the...
  • Government plans to finalise spectrum charges before auction January 15, 2014

    The government expects to finalise the issue of annual spectrum charges, over which telecom operators have locked horns, before the auction of airwaves scheduled to start on February 3. "...all will be resolved before auction," Telecom Secretary M F Farooqui told reporters on the sidelines of the Telecom Sector Skill...
  • TRAI delays mobile phone spectrum auction to Feb 3 December 28, 2013

    India's planned mobile phone spectrum auction will start on February 3, the government said on Saturday, delaying the bidding by 10 days from the original schedule. The telecommunications ministry will auction airwaves in the 900 and 1800 megahertz frequency bands in the auction, which is crucial for leading carriers Bharti Airtel...
  • Sunil Mittal: Riding the high tide in Indian telecom November 28, 2013

    Sunil Bharti Mittal Chairman and managing director, Bharti Enterprises Age: 55 Rank in the Rich List: 10 Net Worth: $6.6 billion The Big Challenge Faced in the Last Year: Steadying Airtel's operations and maintaining its market leadership in a highly competitive, regulated and, yet, uncertain sector The Way Forward: Focusing on converting more voice customers to...
  • Bharti Airtel Q2 net falls 29 per cent on forex losses October 30, 2013

    Bharti Airtel Ltd reported a 29 per cent fall in quarterly profit on foreign exchange losses, the 15th consecutive quarter of declining profits for the world's No.4 mobile phone carrier by customers. Consolidated net profit fell to 5.12 billion rupees for its fiscal second quarter ended September 30 from 7.21 billion...
  • Bharti Airtel shares fall as rival Idea lowers voice volumes October 25, 2013

    Bharti Airtel Ltd's shares fall as much as 2 per cent after rival Idea Cellular Ltd on Thursday reported lower voice volumes in the JulySeptember quarter from the previous quarter. Idea is much smaller than Bharti in revenue terms, but both mobile carriers operate on the GSM technology and have similar...
  • Sibal asks officials to apply mind while imposing penalties September 11, 2013

    New Delhi: Communications and Information Technology Minister Kapil Sibal Wednesday urged officials to apply their minds while imposing fines on operators, failing which such powers may be handed over to the regulator. At a meeting with Sibal, operators raised the issue of the Department of Telecom levying the maximum penalty of...
  • Telecom stocks surge after sharp cut in spectrum price September 10, 2013

    Shares of telecom service providers surge after India proposed a 60 percent cut in mobile spectrum prices in response to lukewarm interest from telecom companies in two previous sales. Analysts say the cut in reserve prices is positive for incumbents and more such moves may come considering lower demand for spectrum...
  • Bharti Airtel Q1 net profit down 9.6 pc to Rs 689 crore July 31, 2013

    New Delhi Telecom major Bharti Airtel on Wednesday reported a 9.6 per cent drop in consolidated net profit to Rs 688.9 crore in the first quarter ended June 30, mainly due to depreciation in the rupee and higher taxes. The company posted a profit of Rs 762.2 crore during the...
  • 2G case: SC to hear if Nira Radia was involved in the scam July 31, 2013

    New Delhi: The Supreme Court will on Tuesday consider whether political lobbyist Nira Radia was involved in the 2G spectrum scam or not. She has been accused of having criminal interference in the case. Bharti Airtel chief Sunil Mittal and Essar Group promoter Ravi Ruia, too, are at the Central Bureau...
  • Govt approves Rs 650crore penalty on Bharti Airtel: Official June 25, 2013

    New Delhi: Telecom Minister Kapil Sibal is learnt to have approved levying of Rs 650 crore penalty on Bharti Airtel for violating roaming norms in 13 service areas between 2003 and 2005. "The Minister has approved penalty of Rs 650 crore on SLD (subscriber local dialing) matter," a Telecom Ministry...
  • Govt approves Rs 650 crore penalty on Bharti Airtel June 25, 2013

    New Delhi: Telecom Minister Kapil Sibal is learnt to have approved levying of Rs 650 crore penalty on Bharti Airtel for violating roaming norms in 13 service areas between 2003 and 2005. "The Minister has approved penalty of Rs 650 crore on SLD (subscriber local dialing) matter," a Telecom Ministry official...
  • Airtel cuts base plan package for 4G services by 31 pc June 24, 2013

    New Delhi: Bharti Airtel customers can now avail its 4G data plans starting from Rs 450, down 31 per cent from Rs 650 earlier in Bengaluru, Kolkata, Pune and Chandigarh circles. The company, which recently reduced 2G data tariffs by 90 per cent in Punjab and Haryana, is trying to...
  • Airtel 4G data plans now start from Rs 450; down by 31 per cent June 24, 2013

    New Delhi: Bharti Airtel customers can now avail its 4G data plans starting from Rs 450, down 31 per cent from Rs 650 earlier in Bengaluru, Kolkata, Pune and Chandigarh circles. The company, which recently reduced 2G data tariffs by 90 per cent in Punjab and...
  • Ambani bets on 4G broadband in India, but risks abound June 24, 2013

    Mumbai: Indian tycoon Mukesh Ambani hopes his multibillion dollar bet on cheap highspeed wireless broadband could change the way nearly a billion of his countrymen use mobile devices from the way they do banking to watching cricket. In a country where most people own a mobile phone yet lack basic Internet...
  • Bharti submits final bid for Myanmar telecoms licence June 4, 2013

    New Delhi: Telecommunications carrier Bharti Airtel Ltd has submitted its final bid for a telecoms licence in Myanmar, a company spokesman told Reuters on Tuesday. Myanmar, one of the world's last major untapped mobile markets, has called bids for two mobile licences and shortlisted 12 international consortia. Vodafone and China Mobile, which...
  • DoT likely to slap Rs 650 cr demand notice on Airtel May 29, 2013

    New Delhi: The Department of Telecom is likely to slap a demand notice of Rs 650 crore on Bharti Airtel for allegedly violating licence norms on subscriber local dialing (SLD) services. "DoT this week has approved imposition of demand notices of financial penalty of Rs 500 crore and Rs 100 crore...
  • Bharti Airtel to sell 5 pc stake for Rs 6800 cr to Qatar Foundation May 3, 2013

    New Delhi: Telecom major Bharti Airtel on Friday announced it will sell 5 per cent stake to Dohabased Qatar Foundation Endowment (QFE) for around Rs 6,800 crore ($1.26 billion) by issuing over 199.87 million new shares. The company said in a statement that "it has entered into a binding agreement...
  • Bharti Airtel Q4 net down 31.1 per cent at Rs 1,084.4 cr May 2, 2013

    New Delhi: Telecom major Bharti Airtel on Thursday reported a 31.1 per cent fall in standalone net profit at Rs 1,084.4 crore for the fourth quarter ended March 31, 2013, mainly due to higher expenses. The company's standalone net profit stood at Rs 1,574.3 crore in yearago period. Total expenses of...