Bharti Airtel posts 30 percent increase in Q3 profit

October 6th, 2009 NEW DELHI - Telecom major Bharti Airtel has partnered with US-based network equipment maker Cisco Systems to offer services for small, medium and large enterprises. The alliance will use Cisco's Internet Protocol (IP) technologies and expertise to create and sell a set of unique products and services, including managed data services, hosted unified communications, connected branch services and Cisco TelePresence, Bharti said Tuesday.

September 30th, 2009 MUMBAI - Talks over a proposed partnership between Bharti Airtel and South Africa's MTN have been called off, with Bharti Airtel saying that the South African government is not ready to "accept the deal in its current form." In a statement issued on Wednesday, Bharti Airtel said that it says it hopes government will "review its position in future". MTN says: "Information has been released in India by Bharti Airtel Limited relating to the potential transaction between MTN and Bharti.

September 27th, 2009 NEW DELHI - Mobile operator Bharti Airtel Sunday announced two schemes enabling cheaper calls from the US to India as part of a festive season offer. Under the first scheme, users will get 1,353 minutes of calls for $24.99.

August 20th, 2009 MUMBAI - Bharti Airtel and South Africa's MTN Thursday said they were extending their talks for a proposed $23-billion financial alliance till Sep 30, with no final pact in sight even as the revised deadline of Aug 31 approaches. "Discussions between the parties regarding the potential transaction continue to progress satisfactorily and the parties have accordingly agreed to extend the exclusivity period until September 30, 2009," Bharti Airtel said in a regulatory statement to the Bombay Stock Exchange (BSE).

August 17th, 2009 NEW DELHI - Bharti Airtel Monday launched its global wholesale service portfolio, which will enable telecom companies across 50 countries to access its services. The company has invested $500 million to expand its connectivity by building cable capacity, network infrastructure and international points of presences, an official statement said.

July 28th, 2009 COLOMBO - Bharti Airtel Lanka, a subsidiary of India's telecom major Bharti Airtel, Tuesday said it has crossed the one million customer-mark in Sri Lanka. The company has achieved this milestone within six months of the launch of its services in the island country.

July 23rd, 2009 NEW DELHI - India's leading telecom operator Bharti Airtel is still in talks with South African telecom giant MTN for a possible merger, a top official said Thursday. "Talks are going on between Bharti Enterprises, the parent of Bharti Airtel, and South Africa's MTN Group to form a global business combination," Akhil Gupta, managing director of Bharti Enterprises, told reporters.

July 23rd, 2009 MUMBAI - Beating forecasts by analysts, telecom major Bharti Airtel posted a 22.2 percent increase in net profit for the first quarter of 2009-10 at Rs.2,647.95 crore (Rs.26.48 billion / $547 million). The company's total income during the period under review rose 22 percent to Rs.10,448.69 crore from Rs.8,567.8 crore in the same period a year ago, it said in a regulatory statement.

July 23rd, 2009 NEW DELHI - Telecom major Bharti Airtel has posted a net profit of Rs.2,647.95 crore (Rs.26.48 billion/$547 million) in the first quarter of 2009-10, a 22.2 percent year-on-year increase. The company's total income during the period under review rose 22 percent to Rs.10,448.69 crore from Rs.8,567.8 crore in the corresponding period a year ago, the company said in a regulatory statement.

May 15th, 2009 NEW DELHI - Leading telecom operator Bharti Airtel Friday said its mobile phone subscriber base had crossed the 100-million mark, making the company the third largest single country service provider in the world. 'Bharti Airtel has achieved 100-million subscriber mark,' said a beaming Sunil Bharti Mittal, chairman of the Rs.375 billion company.

April 29th, 2009 NEW DELHI - Telecom major Bharti Airtel Wednesday reported 8 percent rise in net profit in the quarter ended March 31, 2009 even as its average revenue per user (ARPU) slipped during the period. The company's net profit in the January-March quarter stood at Rs.2,048 crore, up from Rs.1,899 crore in the corresponding period in 2008.

April 29th, 2009 Bharti Airtel says quarterly profit up 21 pctMUMBAI, India — Bharti Airtel Ltd., India's largest mobile telephone company, said Wednesday that record subscriber growth fueled a 21 percent rise in quarterly profit. Net profit for the January-March quarter rose 21 percent from the same period last year to 22.39 billion rupees ($459 million).

April 29th, 2009 NEW DELHI - Telecom major Bharti Airtel's net profit for the quarter ended March 31 rose nearly 8 percent to Rs.20.48 billion, as compared to Rs.18.99 billion in the same period the previous year. Total income too increased about 30 percent to Rs.102.96 billion from Rs.79.29 billion in the period under review, the company said Wednesday.

April 29th, 2009 NEW DELHI - Telecom company Bharti Airtel Wednesday reported an increase of 25 percent to Rs.3,788 crore (Rs.38 billion/$754 million) in cash profit from operations for the quarter ended March 31, 2009. The cash profit from operations during the same period in the previous fiscal had been Rs.3,036 crore (Rs.30 billion).

January 21st, 2009 NEW DELHI - Telecom major Bharti Airtel Thursday reported a 30 percent increase in its cash profits to Rs.37.55 billion ($767 million) in the third quarter ended Dec 31 as against Rs.28.82 billion a year ago. The consolidated total revenue for the quarter under review grew 38 percent to Rs.96.33 billion.