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Airtel grows quarterly EBITDA 15% on mobile data surge

2016-10-26 12:55:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel reported revenues for its fiscal second quarter to September up 3.4 percent year-on-year to INR 246.52 billion. While mobile data revenues rose 21 percent to INR 45.36 billion, total revenues were under pressure from the sale of some activities in Africa and the currency devaluation in Nigeria. EBITDA improved a faster 14.5 percent to INR 94.66 billion, and the EBITDA margin was up by 3.7 points to 38.4 percent thanks to improvement in both south Asia and Africa. Net profit fell slightly to INR 14.61 billion from INR 15.36 billion a year ago, due to higher interest costs to finance spectrum acquisitions. Operating free cash flow still increased by 23.9 percent to INR 41.79 billion, and net debt dropped to 2.28x EBITDA from 2.37 in the previous quarter.

Tags: data mobile quarterly grows

 

EC opens investigation into Czech mobile network sharing

2016-10-26 11:25:00| Telecompaper Headlines

(Telecompaper) The European Commission has opened an investigation into a network sharing agreement between two major Czech mobile operators O2 Czech Republic / CETIN and T-Mobile Czech Republic. The Commission will examine whether the cooperation restricts competition and thereby harms innovation in breach of EU antitrust rules.

Tags: network mobile sharing czech

 
 

Worried About Security, Millennials Shun Mobile Payments

2016-10-26 02:02:03| PC Magazine Software Product Guide

One in four have abandoned the practice due to security concerns, according to a survey from VocaLink.

Tags: mobile security payments worried

 

SITA develops new mobile app for Air India passengers

2016-10-26 01:00:00| Airport Technology

Global air transport communications provider SITA has developed a new mobile app for Indian flag carrier, Air India.

Tags: mobile air india app

 

Android Pay Headed to More Places on Mobile Web

2016-10-25 02:02:26| PC Magazine Cell Phones Product Guide

Android Pay will soon be available on sites where Visa Checkout and Masterpass are accepted.

Tags: web mobile pay places

 

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