Indian operator Bharti Airtel has seen its net income rise by 115 per cent year on year for its fiscal third quarter, ending December 31st 2013. Consolidated revenue also rose by 13.3 per cent to reach INR219,390m ($3.51bn).
Indian operator group Bharti Airtel has announced plans to acquire regional player Loop Mobile for an undisclosed amount. The group said that Loop Mobile’s three million subscribers and 2,500 cell sites in Mumbai will add to its own four million subscriber base and its 2G and 3G network with 4,000 cell sites in the city.
That’s what John Lennon said, at least. The Informer’s not sure Lennon is an entirely reliable source, however. After all, this was a millionaire who entreated us all to imagine no possessions. And let’s not forget that he also claimed on at least one occasion to be a walrus. The Informer thought of Lennon when he saw the news that Vodafone was attempting, in this most romantic of weeks, to woo Ono; the Spanish cable and TV provider.
Indian operators Bharti Airtel and Reliance Jio have announced an infrastructure sharing agreement. The two will share their inter and intra city fibre networks, submarine cable networks, towers and internet broadband services. They added that they will also look for other such opportunities to share assets in the future.
Singaporean incumbent operator Singtel is to up its stake in India’s Bharti Telecom to 39.78 per cent, taking its effective interest in Bharti Airtel, India’s largest mobile operator, to 32.34 per cent.
Indian operator group Bharti Airtel has sold a stake in its business to Qatar Foundation Endowment (QFE). The Qatari investment group will acquire five per cent, almost 200 million new shares, of Airtel for $1.26bn.
India’s mobile operators have been busy this week, with Bharti Airtel announcing an acquisition in Uganda, and MTS India appointing a new CEO. Meanwhile across the border, Bangladesh’s 3G spectrum auction has hit another delay.
India’s Bharti Airtel has signed an agreement with chipmaker Qualcomm to acquire 49 per cent of its Indian BWA entities. Qualcomm acquired the wireless broadband service permits in India for four states in the country in 2010 for $1bn. The purchase was made in a deliberate bid to block the progress of WiMAX as an alternative 4G technology in the country, Qualcomm CEO Paul Jacobs said at the time. Now, it has sold the 49 per cent stake to Bharti for a mere $165m.
Indian operator Bharti Airtel saw its net profit fall 29 per cent year-on-year to INR10bn from INR14bn ($189m), during its fiscal fourth quarter of 2011. This is despite seeing its revenue grow 15 per cent to INR187.3bn, up from INR162.9bn a year earlier.
India’s Bharti Airtel has bought the mobile masts of Rwandan carrier Rwandatel for $15.5m, after the African firm went into liquidation in 2011.
Indian carrier Bharti Airtel said that it has launched the country’s first LTE service, in Kolkata. However, due to a shortage of LTE devices in the Indian market, subscribers will initially only be able to access the network through dongles.
Bharti Airtel has launched its operation in Rwanda, expanding its reach in Africa to 17 markets. The operator said that it took just 83 days to build the network from scratch, claiming the network represents the fastest Greenfield launch in history of Sub-Saharan Africa. The Indian operator has also pledged to invest $100m over the next three years.
India’s Department of Telecommunications (DoT) will order Bharti Airtel, Idea, Vodafone to end their roaming pact, according to media reports in the country. The three operators had entered into an agreement with one another to offer 3G mobile services in circles, or districts, where they failed to acquire spectrum in the country’s auction when it was held last year.
Indian state-owned telco BSNL still has not restored all points of interconnections, despite a clear direction from the Telecom Regulatory Authority of India (TRAI), according to reports in the country. Earlier this month, BSNL cut off connectivity to Airtel, Vodafone and Idea Cellular numbers in several states, over a dispute regarding non-payment of fees for providing interconnection between fixed lines and mobiles. BSNL is claiming that it is owed $550,000 by the three operators.
Indian operator Bharti Airtel will rely on Nokia Siemens Networks (NSN) to expand, plan and operate its mobile networks in seven African countries. The operator, which provides services in 19 countries across Asia and Africa, will rely on NSN to expand its 2G (GSM/EDGE) networks and deploy 3G networks in the countries.
Rwanda now has its third mobile operator after Bharti Airtel was awarded a licence to operate 2G and 3G services in the country. The company has pledged to invest a total of over $100 million in Rwanda over the next three years.
Emerging markets carrier Bharti Airtel has tapped Ericsson in a five year managed services contract for its African operations.
The war of words between Kenyan operators Bharti Airtel and Zain and the company enlisted to manage the market’s recently introduced mobile number portability (MNP) programme, Porting Access, has escalated to the legal domain. In a statement issued Tuesday, Safaricom’s director of corporate affairs, Nzioka Waita, said the firm is suing Porting Access, along with spokesman Patrick Musimba, for defamation.
An increasingly bitter war between Kenyan operators Safaricom and Airtel has spilled into the country’s mobile number portability (MNP) space. Barely two weeks after the country introduced MNP, a war of words has broken out between the two telcos, with each accusing the other of sabotage and the use of nefarious tactics to prevent subscribers from switching providers.
The jewel in Mittal’s rather large corporate crown is Bharti Airtel, India’s leading mobile carrier. With more than 100 million customers it is the third largest single market player after Chinese carriers Mobile and Unicom.