Bharti Airtel has entered into an exclusivity agreement (till July 31) to enter a complicated and circular ownership structure with MTN Group – Bharti owning 49% stake in MTN and MTN owning 25% of Bharti in return. The structure envisages a 25% swap of new shares (MTN pays $2.9bn). TheContinue Reading
I have just received the results of Bharti Airtel Ltd for the FY ending March-31st 2009. Here is a quick look into the results. Revenues touched an all time high of 36,961 cr [+37% YoY] and a Net Profit of Rs 8,469 [+26% YoY] The company for the first timeContinue Reading
Now that we have results from all the 3 listed cellular companies and Research Reports pouring in from various brokerages, I wanted to compare what Research Analysts think of these 3 companies post Q3 FY 09 results and the Conference Call with the management. Before we discuss the analyst ratings,Continue Reading
Bharti Airtel’s management dismissed any threat from Reliance Mobile’s GSM Tariff war which includes Free minutes and Low Lifetime Pre-Paid validity cards. Significant number of questions in the Analyst call were related to the tariff war which was downplayed collectively by Akhil Gupta, Manoj Kohli and Sanjay Kapoor. Mr. SanjayContinue Reading
Bharti Airtel has announced its Q3 FY09 results. Revenues continued to rise knocking off all the worries of slowdown. We are more interested in the performance of Bharti Airtel Broadband division. Without any doubt, Airtel Broadband growth has been POOR in 2008. At the beginning of 2008, Bharti Airtel broadbandContinue Reading
India’s largest Telecommunications company Bharti Airtel achieved a new milestone by recording Rs 9,000 crore revenue in Q2FY2009 [@ Rs 45 / $] and also added the highest number of customers in any single quarter since its inception, 8.2 mn taking the total tally to 80 mn [79.89 mn]. TelecomContinue Reading
Mobile services still constitute majority of the revenues with Enterprise Services gaining traction. Airtel reported a profit of Rs 20bn for Q1 FY09 up 25.7% compared to Q1 of last FY. Here is a quick summary of the results, Mobile Customers increased to 69.38 mn at the end of June-08Continue Reading
Bharti Airtel’s CEO, Mr. Mittal is in London seeking finance for MTN Wireless bid. However, his Enterprise Services, President – David is busy connecting India to Europe. David announced the building of 15,000 km 3.84 Terrabit OFC sub-marince cable system connecting Europe [London] to India via the Middle East. The project is knownContinue Reading
Though Bharti Airtel declined that it was in talks with MTN Group, the latter in a filing with a stock exchange has confirmed its exploratory talks with Indian telco. As I said earlier, it will be difficult for Bharti Airtel to go solo in its bid for MTN and mayContinue Reading
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