Advertisement


Advertisement

Thread Rating:
  • 4 Vote(s) - 2.75 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Bharti Q3 net up 2.4%, beats forecast
Advertisement
#1
Bharti Airtel Ltd, India's top mobile operator, reported a small rise in quarterly profit growth, broadly in line with expectations,India, the world's fastest-growing mobile services market, is signing up over 14 million users a month, but competition is getting fiercer as new entrants slash call rates to grab subscribers.

Global players such as NTT DoCoMo and Telenor are pushing down call rates to as low as 0.7 U.S. cents a minute as they seek a foothold in a market expected to double to 1 billion users by 2014.

New Delhi-based Bharti, in which Southeast Asia's top phone firm SingTel owns more than 30 percent, continues to focus on robust market share despite the "hyper competition" in the market, Chairman Sunil Mittal said in a statement.

Bharti said net profit rose 2 percent to 22.10 billion rupees ($478 million) under U.S. accounting rules in its fiscal third quarter ended December from 21.59 billion a year ago.

Revenue rose 1 percent to 97.72 billion rupees from 96.33 billion. A Reuters poll of 12 brokerages had forecast a fall in net profit to 20.96 billion rupees on revenue of 97.10 billion.
Bharti added 8.4 million mobile users in the quarter to reach a total of 119 million by end-December.
Reply
Thanks given by:
Advertisement
Advertisement




Possibly Related Threads...
Thread Author Replies Views Last Post
  General News: Bharti Airtel hikes minimum recharge for its prepaid users to Rs 45 nairrk 0 332 12-30-2019, 02:20 PM
Last Post: nairrk
  General News: Bharti Airtel launches a new Rs 23 prepaid recharge plan.. nairrk 0 526 12-03-2018, 05:53 PM
Last Post: nairrk
  General News: Bharti Airtel's Rs 159 plan offers 1GB data per day but fails to match Jio's offering nairrk 0 671 10-25-2018, 07:19 AM
Last Post: nairrk
  General News: Bharti Airtel's Rs 181 prepaid plan launched with 3GB data per day nairrk 0 714 09-30-2018, 11:10 AM
Last Post: nairrk
  General News: BSNL announces Rs 27 weekly plan to challenge Reliance Jio, Bharti Airtel and others nairrk 0 697 08-03-2018, 01:52 PM
Last Post: nairrk
  General News: Vodafone effect: Bharti Airtel revises Rs 1,199 postpaid plan, increases data limit.. nairrk 0 536 07-19-2018, 05:53 PM
Last Post: nairrk
  Update: Bharti Airtel revises Rs 99 prepaid plan with 2GB data, counters Reliance Jio’s Rs 98 nairrk 0 517 06-16-2018, 07:23 AM
Last Post: nairrk
  General News: Bharti Airtel to install 12,000 mobile towers in Tamil Nadu in 2018-19 nairrk 0 503 06-12-2018, 08:48 AM
Last Post: nairrk
  General News: Bharti Airtel’s new Rs 558 prepaid plan offers 246GB data, 82 days validity nairrk 0 552 05-21-2018, 07:29 AM
Last Post: nairrk
  General News: Bharti Airtel to expand in Madhya Pradesh, Chattisgarh nairrk 0 507 04-30-2018, 07:20 PM
Last Post: nairrk

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement