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Bharti Airtel quarterly sales up 9%, net profit falls 49%

2013-05-02 09:03:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel reported revenues for the three months to March up 9.2 percent from a year earlier to INR 204.5 billion, and EBITDA improved 4.1 percent to INR 64.9 billion. The Indian operator's net profit for the fiscal fourth quarter was still down 49.4 percent to INR 5.1 billion, hurt by higher depreciation and amortisation, taxes and interest. Operating cash flow fell 23.1 percent to INR 29.6 billion, after capex increased to INR 35.2 billion from INR 23.8 billion a year ago. Airtel said it returned to positive customer growth in India, after two quarters of declines, with churn dropping to 3.2 percent and ARPU up by INR 8 on a sequential basis, helped by expanding mobile internet use and higher voice traffic. The company finished March with 196.13 million mobile customers in India and south Asia, up by 3.5 percent from December and 4.3 percent more than a year earlier. In Africa, the customer base grew by over 2 million in the three months to 63.72 million.

Tags: net sales falls profit

Bharti Airtel fiscal Q4 net profit almost halves

2013-05-02 02:00:00| Total Telecom industry news

Indian operator warns African business might not hit revenue, EBITDA targets this financial year.

Tags: net profit fiscal halves

Airtel to acquire Warid Uganda

2013-04-23 14:21:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel said that it has entered into a definitive agreement with the Warid Group to fully acquire Warid Telecom Uganda. With the takeover, Airtel consolidates its position as the second largest mobile operator in the crowded Uganda mobile market, with a combined customer base of over 7.4 million and market share of over 39 percent. The agreement is subject to regulatory and statutory approvals. Airtel currently has 4.6 million customers in Uganda, while Warid counts 2.8 million customers in Uganda. No financial details of the takeover were announced.

Tags: uganda acquire airtel warid