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SingTel to raise stake in Bharti Airtel

2013-08-15 02:00:00| Total Telecom industry news

Singaporean operator has inked a deal that will increase its holding in Indian telco to 32.34%.

Vodafone may have to sell $1 billion Bharti Airtel stake under licence rules

2013-08-03 17:08:44| Telecom - Topix.net

Vodafone Group Plc may be forced to sell its 4.4 per cent stake in India's top telecom services provider Bharti Airtel Ltd - worth about $1 billion - after rules published on Friday outlawed crossholdings in rival telecom companies.

Tags: under sell rules billion

Bharti Airtel Digital TV adds 352,000 subscribers in 2Q 2013

2013-07-31 10:00:20| Digital TV News

Bharti Airtel has announced its results for the quarter ended June 30, 2013. Airtel digital TV had 8.452 million customers on its Direct-To-Home (DTH) platform at the end of the period compared with 8.1 million at the end of March 2013.

Tags: digital adds subscribers airtel

Airtel quarterly revenues up 9%, EBITDA improves 19%

2013-07-31 08:59:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel reported revenues up 9.2 percent year-on-year to INR 202.6 billion for its fiscal first quarter to June. Revenues were up 11.6 percent in its home market India, helped by mobile price increases and growth in mobile data and TV services. At its South Asia and Africa operations, growth slowed to 4.6 percent, hurt by termination rate cuts in several countries in Africa. The operator's EBITDA rose 19.3 percent to INR 65.5 billion, and the margin improved to 32.3 percent from 29.6 a year earlier. Net profit dropped to INR 6.9 billion from INR 7.6 billion due to forex and derivatives losses. Operating cash flow doubled year-on-year to INR 42.5 billion, and net debt dropped by USD 908 million in the quarter to USD 9.78 billion at end-June after the investment by the Qatar Foundation. That's equal to 2.21 times EBITDA, versus 2.50 three months earlier. Airtel finished the quarter with 274.92 million customers, up by 1.4 percent from March and 5.4 percent more than a year earlier.

Tags: quarterly revenues improves ebitda