New Delhi [India], Mar 28 : Largest telecommunications services provider Bharti Airtel Limited on Tuesday announced the successful completion of the secondary sale of over 190 million shares of its subsidiary Bharti Infratel Limited (Bharti Infratel) representing 10.3 percent, to a consortium of funds advised by KKR and Canada Pension Plan Investment Board for a total consideration of over Rs. 6,193.9 crore (approx. USD 951.6 million), executed at a price of Rs. 325 per share.
Bharti Airtel will primarily use the proceeds from this sale to reduce its debt. Following the closure of this transaction, Bharti Airtel's equity holding in Bharti Infratel stands at 61.7 percent, and that of KKR and CPPIB at 10.3 percent.
New Delhi: Bharti Airtel customers will now have to pay extra if they are making calls on Skype, Viber or other apps using their mobile data packs as the operator has decided to charge standard data rates for making voice calls over Internet (VoIP).
The VoIP data will be charged separately and would not be part of the existing data packs.
"All internet/data packs or plans (through which customer can avail discounted rate) shall only be valid for internet browsing and will exclude VoIP (both incoming/ outgoing). VoIP over data connectivity would be charged at standard data rates of 4p/10 KB (3G service) and 10p/10 KB (2G service)," Airtel said on its website.
New Delhi - Gross revenue of 22 telecom operators, including Bharti Airtel, RCom, BSNL and Tata Teleservices, declined in October-December quarter of 2013 compared to the previous quarter, government said on Monday.
New Delhi: Telecom major Bharti Airtel on Wednesday indicated that it may cut down on discounts it offers on mobile call rates to push revenue from voice services.
"There might be ups and downs in certain quarters, but the long-term secular opportunity for raising voice realisation remains, given the significant gap between headline tariff and the realised rates or in other words discounted tariffs," Bharti Airtel's Managing Director and CEO (India and South Asia) Gopal Vittal said.
Mumbai - Bharti Airtel shares on Wednesday jumped nearly 6 percent after the company reported a 60.9 percent rise in its consolidated net profit for the June quarter.
Scrip of the country's largest mobile operator surged 5.51 percent to Rs 373.90 -- its 52-week high on the BSE.
On the NSE, the stock jumped 5.74 percent to touch a one-year peak of Rs 374.30.
The stock was the top gainer among the blue-chips on both Sensex and Nifty during the morning trade.
New Delhi: The country's largest mobile operator, Bharti Airtel, on Tuesday reported a jump of 60.9 percent in consolidated net profit to Rs 1,108 crore for the quarter ended June 2014 on growth in mobile data revenue.
The company had reported a net profit of Rs 689 crore in the corresponding period of last fiscal, it said in a statement.
The company's total revenue rose 13.3 percent to Rs 22,962 crore for the reported quarter as compared to Rs 20,264 crore in the corresponding period.
New Delhi: Bharti Airtel and Uninor led subscriber additions in May, when the GSM base in the country grew marginally to 73.3 crore with 61.9 lakh new mobile users, the Cellular Operators Association of India (COAI) said on Tuesday.
There were 72.68 crore GSM users at the end of April, the COAI said.
Bharti Airtel, the country's largest operator, added the most users, with 16.5 lakh users joining its network. Its total number of subscribers stood at 20.82 crore, with a market share of 28.41 percent, at the end of May.
New Delhi: Bharti Airtel on Thursday said it has tied up with African telecom operators Tigo and Zantel for providing customers in Tanzania mobile money transfer service across networks.
The service is expected to begin this month, Bharti Airtel said in a statement.
With this agreement, customers of the three firms will be able to send money by mobile to each other by either using Airtel Money, Tigo Pesa or EzyPesa.
New Delhi, May 14 : The country's largest telecom service provider Bharti Airtel has got the initial go-ahead from the Department of Telecom (DoT) for its Unified Licence (UL) in Delhi and Kolkata service areas using any technology.
According to a copy of the Letter of Intent (LoI) available with IANS, Bharti Airtel requested the DoT to grant UL in the two circles March 13, 2014. The DoT has issued the letter to the service provider May 9, 2014, specifying that UL agreement will be signed after various compliances “within twentyone working days on receipt of this LoI.”
New Delhi, April 29 : Bharti Airtel posted 89 percent jump in net profit in the fourth quarter (January-March) on voice and data business growth, a company statement said here Tuesday.
The net profit for the fourth quarter stood at Rs. 962 crore, up from Rs. 509 crore posted during the corresponding period last fiscal (2012-13).
The total revenue of the company was up by 13.5 percent at Rs. 22,219 crore during the fourth quarter from Rs. 19,582 crore in corresponding period in 2012-13.
New Delhi, April 8 : Bharti Airtel Tuesday announced a cross-border remittance partnership with South Africa's MTN Group to facilitate mobile money transfer between the two West African countries of Ivory Coast and Burkina Faso.
"The landmark partnership will enable Mobile Money customers of MTN Ivory Coast and Airtel in Burkina Faso to easily transfer money between the neighbouring countries," Bharti Airtel said here in a release.
"Until now, moving money between the two countries was mired by high fees, high usage of informal channels and a lack of proximity to withdraw money," it added.
Telecommunication services provider Bharti Airtel will tap the overseas bond markets again to raise $400 million, a merchant banker associated with the imminent issue revealed.
The bond issue, which is a part of Bharti's $2 billion debt raising plan, will take place in the next three to four weeks. The merchant banks said the issue would likely go through either by the end of April or early next month.
Revealing the planned issue, the merchant banker said, "Bharti will be raising around $400 million in the next three-four weeks from an overseas offering."
New Delhi, April 3 : Telecom service provider Bharti Airtel has become the second largest operator in Nigeria in terms of customer numbers, according to Nigerian Communications Commission (NCC), the market regulator.
“It is a clear indication of the trust that a growing sector of the population have started to have in us. Nigeria continues to be a very competitive telecom market and our intention is to ensure that we continue to innovate and make life easier for our customers,” Christian de Faria, Airtel Africa's chief executive officer, said in a statement.
India's overall GSM user base grew by 7.61 million subscribers to 711.02 million in February this year, according to fresh data released by the Cellular Operators Association of India (COAI).
Mobile phone operator Bharti Airtel led the market with 200.84 million GSM customers, but industry association COAI reported no net additions for the operator for the month of February because of some technical difficulties with operator's system.
New Delhi, March 27 : A mobile app that enables viewers watch their favorite TV programmes while on the move was launched here Thursday by Airtel Digital TV, the DTH service arm of leading telecom operator Bharti Airtel.
Airtel ‘Pocket TV’ is loaded with over 150 Live TV channels and more than 10,000 hours of video content and over 13 channels on anytime TV, a company statement said.
“Pocket TV now promises a never-before library of video content which is available at an affordable price,” the statement said.
New Delhi, March 20 : Telecom service provider Bharti Airtel has joined hands with handset maker Nokia to provide new Nokia X smartphone across 17 countries in Africa from mid-April this year, a company statement said here Thursday.
Bharti Airtel has operations in 20 countries across Asia and Africa.
"This is yet another first from Airtel and Nokia. As Africa's largest Internet provider, we are excited that Airtel customers in 17 countries will be amongst the first in the world to enjoy a unique combination of Nokia's stunning design and user experience integrated with a wide range of services.
New Delhi, March 13 : Google's Chief Business Officer and senior vice president Nikesh Arora has resigned as independent director from the board of telecom service provider Bharti Airtel and he was replaced by Dinesh Kumar Mittal, a former bureaucrat, a company statement said here Thursday.
Mittal retired as secretary, department of financial services, in 2013. The company said Mittal, a 1977 batch UP cadre IAS officer, has been appointed as an additional director in the category of independent director.(IANS)
Standard & Poor's Ratings Services has announced its decision to upgrade the rating of Indian telecommunication giant Bharti Airtel.
The rating agency upgraded the shares of the company from 'BB+' to 'BBB-'. The company said that the upgrade shows that the company will use its significant free operating cash flows and funds from strategic measures in order to reduce its leverage in order to improve its financial risk profile.
New Delhi, Feb 20 : Telecom service provider Bharti Airtel is not satisfied with the Feb 14 judgment of the Lagos Court of Appeal and will lodge an appeal at the Supreme Court of Nigeria, a company statement said here Thursday.
The ruling of the court means Bharti Airtel will now have to pay up $3 billion to the African telecom operator Econet Wireless. The court has said Econet was a bonafide stakeholder in Airtel Nigeria.
Bharti Airtel Ltd, India's top telecommunications carrier, confirmed on Tuesday that it would acquire smaller rival Loop Mobile, which operates only in the country's financial capital - Mumbai.
Confirming the agreement to acquire Loop, Bharti said, "India's a leading global telecommunications services provider with operations in 20 countries across Asia and Africa, and Loop Mobile today announced a strategic agreement for their operations in Mumbai (India) service area."