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Tuesday, May 21st 12:09 PM IST
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Bharti Airtel GALLERY.
A worker cleans a logo of Bharti Airtel at its zonal office building in the northern Indian city of Chandigarh May 2, 2013. Top Indian mobile carrier Bharti Airtel Ltd's subscriber growth and usage trends along with easing competition suggest the worst may be over for the industry, even as the firm recorded its thirteenth consecutive quarter of falling profits. A worker cleans a logo of Bharti Ai
A Bharti Airtel advertisement board is installed against the backdrop of company's telecommunication tower in the southern Indian city of Kochi in this November 30, 2012 file photo. Bharti Airtel Ltd reported a 50 percent fall in quarterly profit that capped the third straight year of declining earnings at India's top telecommunications carrier. The world's fourth-biggest cellular carrier by customers, said net profit fell to 5.09 billion rupees ($94 million) for its fiscal fourth quarter to end-March, from 10.06 billion rupees reported a year earlier. A Bharti Airtel advertisement board
Bharti Airtel Chairman Sunil Mittal (R) leaves the Patiala House court complex in New Delhi April 22, 2013. The Supreme Court has asked a lower court to defer until April 22 a summons to Mittal in a case over alleged corruption in allocation of mobile airwaves, as it will continue hearing Mittal's plea seeking to have the summons overthrown. Bharti Airtel Chairman Sunil Mittal
Chairman and Managing Director of Bharti Airtel Limited, Sunil Bharti Mittal arrives at the Patiala House courts in New Delhi on April 16, 2013. Telecom tycoon Sunil Bharti Mittal was to appear in a New Delhi court probing alleged irregularities in the awarding of mobile phone licences. Chairman and Managing Director of B
strongChandigarh/strong: Telecom major Bharti Airtel today launched the fourth generation (4G) mobile broadband services in Chandigarh, Mohali and Panchkula. This launch is another first by Airtel that further enhances the footprint of mobile broadband in India. We are optimistic about the potential of Airtel 4G services and invite our data savvy customers in Punjab to enjoy this world class data experience, Bharti Airtel CTO and Director for Network Services Group, Jagbir Singh said in a statement. In 2010, Airtel had successfully bid for BWA licence spectrum in Kolkata, Karnataka, Punjab and Maharashtra (excluding Mumbai) circles. [caption id=attachment_668724 align=alignleft width=380 strongChandigarh/strong: Telecom ma
Telecom major Bharti Airtel has got interim relief till May 8 from the Delhi High Court which stayed the government order asking the firm to immediately stop 3G services in select regions. The court has stayed the execution of a department of telecommunications (DoT) order to immediately stop 3G mobile services by companies where they do not own licences. The court also let the telco continue its 3G roaming pacts until the next hearing, scheduled for May 8. [caption id=attachment_666355 align=alignleft width=380 Telecom major Bharti Airtel has got
strongNew Delhi/strong: The Department of Telecom has asked Bharti Airtel to stop offering third generation (3G) services in seven circles where the company does not hold spectrum. Airtel has been asked to stop 3G services and file a compliance report by 3pm on March 18, sources said. The DoT has also asked Airtel to pay a penalty of Rs 350 crore for offering 3G services beyond permitted zones. The company sources said Airtel has already approached the Delhi High Court against the order. Telecom Minister Kapil Sibal had approved the recommendation of a DoT committee to impose Rs 50 crore penalty each on seven licences of Bharti Airtel that entered into 3G roaming agreements with other operators to offer services beyond permitted zones. [caption id=attachment_663427 align=alignleft width=380 strongNew Delhi/strong: The Departm
Bharti Airtel is looking to divest 20-25 percent stake in its satellite TV services arm, Direct-to-Home (DTH), and is in talks with several potential suitors for the same. The company's move comes after the Government last year increased the foreign direct investment limit in DTH and digital cable companies to 74 percent. Bharti Airtel is looking at a valuation of little over $1 billion for the unit that had 7.9 million digital television customers as of December. According to a report in the a href=http://timesofindia.indiatimes.com/city/mumbai/Airtel-eyes-Rs-1600-crore-from-25-stake-sale-in-DTH-business/articleshow/18855904.cmsemTimes of India/em/a, Airtel will raise around $250-300 million ( up to Rs 1,650 crore) from the stake sale. American DTH players like Comcast and Liberty Global are in talks with Bharti Airtel for buying stake.PE players like KKR, Providence, Bain Capital, GAAP are also in the fray. The sale also comes at a time when rivals Videocon and Tata Sky are looking to tap the market to raise funds through initial public offers. Videocon d2H is planning to raise an estimated Rs 700 crore through an initial public offering. [caption id=attachment_652821 align=alignleft width=380 Bharti Airtel is looking to divest
Bharti Airtel launched a new roaming scheme for its prepaid customers in Delhi which will enable them to receive free incoming calls in five states. With this pack, Airtel prepaid mobile customers can now get up to 30 days of free incoming calls while travelling to Bihar, Jharkhand, Uttar Pradesh, Uttrakhand and West Bengal (except Kolkata) on a recharge of Rs 21, Bharti Airtel said in a statement. [caption id=attachment_649837 align=alignleft width=380 Bharti Airtel launched a new roamin
Bharti Airtel 's Managing Director and CEO Manoj Kohli speaks during a news conference at the Mobile World Congress at Barcelona, February 26, 2013. The GSMA Mobile World Congress, representing the interests of the worldwide mobile communications industry, will take place from February 25 to 28 in Barcelona. Bharti Airtel 's Managing Director
strongBarcelona:/strong Country's largest private telecom company Bharti Airtel will launch 4G services in Chandigarh by the end of next month, expanding the footprint of its high-speed Internet service network. The only firm offering 4G services in India, covering cities of Kolkata, Bangalore and Pune, the company has roped in Chinese equipment maker ZTE to build and operate the 4G network in Chandigarh. We are planning to launch 4G in Chandigarh by end of March and have finalised ZTE for the network, said a company source. [caption id=attachment_638966 align=alignleft width=380 strongBarcelona:/strong Country's l
strongNew Delhi:/strong Telecom major Bharti Airtel is likely to meet global investors early next week for its proposed billion-dollar bond sale, sources said. [caption id=attachment_636088 align=alignleft width=380 strongNew Delhi:/strong Telecom maj
strongNew Delhi:/strong Bharti Airtel today said it will buy out Alcatel-Lucent's entire stake in a joint venture company that manages the fixed-line and broadband network for Bharti. The companies did not give any financial detail of the deal. Bharti and the Indian unit of Alcatel-Lucent had formed the 26:74 joint venture, Alcatel Lucent Managed Network Service India Ltd, in 2009 to manage Bharti's fixed-line and broadband networks.[caption id=attachment_614756 align=alignleft width=500 strongNew Delhi:/strong Bharti Airt
Men make phone calls as they sit on a railing with Bharti Airtel billboards installed on it, along a sidewalk in Kolkata February 1, 2013. Profit at India's top mobile network operator Bharti Airtel Ltd fell for the twelfth successive quarter, with higher costs dragging its results well below market expectations. Men make phone calls as they sit on
Bharti Airtel said its board will consider on Friday appointing Manoj Kohli as the company's managing director, extending a management restructuring exercise aimed at reviving growth at the world's No. 4 cellular carrier by customers. Kohli, a company veteran, currently heads Bharti Airtel's international operations as its chief executive officer and is also a joint managing director of the company. He is currently based in Nairobi, the headquarters of Bharti Airtel's African operations. [caption id=attachment_607204 align=alignleft width=380 Bharti Airtel said its board will c
Bharti Airtel, India's top mobile phone operator, has bid for a telecoms licence in Myanmar as part of plans to expand in overseas markets, two sources with direct knowledge of the matter said. [caption id=attachment_606513 align=alignleft width=380 Bharti Airtel, India's top mobile p
strongNew Delhi:/strong Rating agency Crisil has downgraded telecom major Bharti Airtel's rating after the government imposed a one-time fee for spectrum it holds beyond a threshold. CRISIL has downgraded its ratings on Bharti Airtel long-term debt programmes and bank facilities to 'CRISIL AA+/Stable' from 'CRISIL AAA/Negative'. The rating on the company's shortterm debt and bank facilities has been reaffirmed at 'CRISIL A1+', the agency said its rating statement on Thursday.[caption id=attachment_602609 align=alignleft width=500 strongNew Delhi:/strong Rating agen
strongNew York:/strong Twenty Indian firms including RIL, Infosys and Bharti Airtel are among the 100 'global challengers' that are not only reshaping their respective industries but are also outpacing established players from the West, according to the Boston Consulting Group. According to a report 'BCG Global Challengers 2013', released globally today, these 100 companies from the emerging markets are outshining household names in the US and Europe and are having a profound impact on the global economy. [caption id=attachment_589584 align=alignleft width=380 strongNew York:/strong Twenty India
Two parallel and perhaps unconnected developments at Bharti Airtel today led its scrip to jump and close 5 percent higher on the bourses. The company today announced that its CEO for India and South Asia and a 15-year veteran, Sanjay Kapoor is leaving. Kapoor's exit follows a series of resignations by key top Bharti officials. The second development, which was being speculated about on the exchanges today was a possible increase in tariffs by both Bharti and Idea Cellular. Neither company responded to emFirstpost/em queries on the matter. [caption id=attachment_589559 align=alignleft width=380 Two parallel and perhaps unconnecte
p title=Full coverage of Bharti AirtelBharti Airtel, India's top mobile phone carrier, said on Tuesday Sanjay Kapoor, its chief executive for India and South Asia, will leave the company on Feb 28./p [caption id=attachment_589183 align=alignleft width=380 p title=Full coverage of Bharti Air
According to an ema href=http://economictimes.indiatimes.com/news/news-by-industry/telecom/bharti-airtel-seeks-government-nod-for-testing-4g-voice-services/articleshow/17761297.cmsEconomic Times/a/em report, Bharti Airtel has asked for government approval to test out voice services on its 4G networks. Airtel currently provides 4G data services in Kolkata, Pune and Bangalore. The report adds that currently, emReliance Industries-owned Infotel Broadband, the only company that has pan-India 4G airwaves, is set to get the telecom department's (DoT's) approval for testing voice services on this technology platform. /em If Airtel get approval to test out voice calls on 4G, then this would allow users to combine high speed Internet access with calls as well. [caption id=attachment_569666 align=alignleft width=380 According to an ema href=http://eco
A worker replaces fluorescent lights on a Vodafone billboard in New Delhi in this June 20, 2011 file photo. India's federal police filed charges against Bharti Airtel Ltd and Vodafone Group Plc's India unit on December 21, 2012 as part of a probe into alleged corruption in the allocation of mobile phone airwaves a decade ago, a lawyer said. The charges include criminal conspiracy, A.K. Singh, a lawyer for the Central Bureau of Investigation (CBI), told reporters. He said no executives of the companies were charged, but a former telecommunications ministry official was charged. A worker replaces fluorescent light
A Bharti Airtel advertisement board is installed against the backdrop of company's telecommunication tower in the southern Indian city of Kochi in this November 30, 2012 file photo. India's federal police filed charges against Bharti Airtel Ltd and Vodafone Group Plc's India unit on December 21, 2012 as part of a probe into alleged corruption in the allocation of mobile phone airwaves a decade ago, a lawyer said. The charges include criminal conspiracy, A.K. Singh, a lawyer for the Central Bureau of Investigation (CBI), told reporters. He said no executives of the companies were charged, but a former telecommunications ministry official was charged. Shares in Bharti Airtel, India's top mobile phone carrier, extended losses after the charges were filed. The stock was down 2.9 percent at 0931 GMT. A Bharti Airtel advertisement board
strongNew Delhi:/strong Shares in Bharti Airtel fell as much as 3.2 percent on Friday amid speculation that the Central Bureau of Investigation (CBI) may file charges against India's top mobile phone carrier as part of a broader case involving alleged irregularities in airwave allocations. A source at the CBI told emReuters/em that officials were likely to file charges related to the broader case as early as Friday but did not specify whether those might included Bharti. The source declined to be named because of the ongoing investigation. [caption id=attachment_565808 align=alignleft width=380 strongNew Delhi:/strong Shares in B
Singapore's Prime Minister Lee Hsien Loong (2nd L) talks with Bharti Airtel Chairman Sunil Mittal (R) as his wife Ho Ching (L) drinks coffee and Bharti Airtel's Chief Executive for India and South Asia Sanjay Kapoor looks on during Lee's tour to Bharti Airtel headquarters in Gurgaon, on the outskirts of New Delhi December 20, 2012. Singapore's Prime Minister Lee Hsie
strongNew Delhi:/strong GSM mobile operators, including Bharti Airtel, Vodafone and Idea, lost over 9 million subscribers in November, bringing down the user base to 663.78 million, industry body COAI said today. The total subscriber base at the end of October was 672.80 million users. The top three operators-Bharti Airtel, Vodafone and Idea Cellular-which account for over 67 percent of the GSM market lost over 6.74 million users in November, data released by Cellular Operators Association of India (COAI) said. [caption id=attachment_561684 align=alignleft width=380 strongNew Delhi:/strong GSM mobile
An advertisement for Bharti Infratel Limited's initial public offering (IPO) is seen posted on a wall as a roadside vendor selling magazines and newspapers waits for customers in New Delhi December 12, 2012. Bharti Infratel Ltd, the telecommunications tower arm of top Indian mobile carrier Bharti Airtel, said it will allot shares worth $120 million to cornerstone investors as part of its up to $832 million initial public offering. An advertisement for Bharti Infrate
Bharti Infratel Limited initial public offering (IPO) application forms lie on a pavement for distribution in New Delhi December 12, 2012. Bharti Infratel Ltd, the telecommunications tower arm of top Indian mobile carrier Bharti Airtel, said it will allot shares worth $120 million to cornerstone investors as part of its up to $832 million initial public offering. Bharti Infratel Limited initial pub
Telecommunication towers are pictured through hanging flower pots at a residential building in Kolkata December 11, 2012. Bharti Infratel Ltd, the telecommunications tower arm of top Indian mobile carrier Bharti Airtel, said it will allot shares worth $120 million to cornerstone investors as part of its up to $832 million initial public offering. Telecommunication towers are pictur
A man stands next to a shop painted with an advertisement for Bharti Airtel on the outskirts of Jammu December 11, 2012. Bharti Infratel Ltd, the telecommunications tower arm of top Indian mobile carrier Bharti Airtel, said it will allot shares worth $120 million to cornerstone investors as part of its up to $832 million initial public offering. A man stands next to a shop painted