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Bharti Airtel Digital TV adds 270,000 subscribers in 4Q 2014

2015-02-04 21:00:02| Digital TV News

Bharti Airtel has announced results for the quarter ended December 31, 2014. The company finished the year with 9.8 million Digital TV customers. Net customer additions during the quarter were 270,000.

Tags: digital adds subscribers airtel

Bharti Airtel doubles quarterly net profit, sales up 6%

2015-02-04 13:29:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel reported revenues for its fiscal third quarter to December up 5.8 percent year-on-year to INR 232.2 billion (USD 3.75 billion). EBITDA rose a faster 9.6 percent to INR 77.9 billion, and the margin improved to 33.5 percent from 32.4 a year ago. Net profit more than doubled, to INR 14.4 billion from INR 6.1 billion. Amid a 60 percent increase in capex for rolling out LTE and expanding 3G in India, operating cash flow fell 23.4 percent to INR 32.8 billion. The mobile customer base increased 3.1 percent compared to September, to 299.71 million. Growth was strongest in Africa, up 4.5 percent to 74.60 million customers, while India grew by 2.6 percent to 217.22 million, and the rest of South Asia rose 2.8 percent to 7.89 million. The broadband customer base was little changed at 3.39 million, and TV subscribers increased by 2.8 percent in the three months to 9.81 million.

Tags: net sales profit quarterly

yuMobile sale closes as customers move to Airtel

2015-01-15 01:00:00| Total Telecom industry news

Essar exits telecoms space with sale of Kenyan mobile operator to its local rivals.

Tags: sale move customers closes

Airtel sells tower assets in Zambia, Rwanda to IHS

2014-12-15 09:43:00| Telecompaper Headlines

(Telecompaper) Airtel has announced an agreement under which IHS will acquire over 1,100 telecoms towers in Zambia and Rwanda under a ten-year renewable contract. The deal will enable IHS to expand its African tower footprint to over 21,000 across five countries. The agreements will allow Airtel to focus on its core business and customers, enable it to reduce debt, and will significantly lower its capital expenditure on passive infrastructure.

Tags: assets tower zambia rwanda