New Delhi: Telecom major Bharti Airtel on Thursday reported a 65.4 per cent year-on-year fall in its consolidated net profit for the quarter ended September. The company’s net profit stood at Rs 119 crore, down from Rs 343 crore reported in the corresponding period of financial year 2017-18. Airtel’s total[Read More…]
Tag: Bharti Airtel
All you need to know about Telecom Czar Sunil Bharti Mittal
Sunil Mittal is an Indian Billionaire entrepreneur, philanthropist and the Founder & Chairman of Bharti Enterprises. The businessman has his business expanded in telecom, insurance, real estate, education, malls, hospitality, agriculture, and food besides other ventures, but above all. Sunil Bharti Mittal he is known for his world famous telecom[Read More…]
Telecom pricing, ARPU have hit rock bottom, can only go up: Airtel’s Gopal Vittal
Gurugram: With the fierce ongoing battle in the telecom sector, which is making telecom companies’ balance sheet bleed, Gopal Vittal, MD and CEO (India and South Asia), Bharti Airtel feels that pricing level and ARPU have reached rock bottom and now can only move up. I think we have hit[Read More…]
Is the Indian telecom industry ready to move out of Jio’s shadow?
Reliance Jio Infocomm Limited, a wholly owned subsidiary of Mukesh Ambani’s Reliance Industries created a splash in the Indian telecom industry with its entry. The revenues of India’s telecom industry have seen a big fall after the entry of Jio despite the number of telephone subscribers in India rising from[Read More…]
Idea-Vodafone merger to become world’s 2nd largest telecom company
Vodafone India and the Kumar Mangalam Birla-owned Idea Cellular would merge to create the country’s biggest phone company by subscribers, giving a tough fight to Bharti Airtel. The fresh Rs 1.55 lakh crore entity will also be the world No. 2 after China Mobile. Under the merger, both the company[Read More…]
Airtel users may enjoy free roaming soon
With operators launching aggressive plans to match Reliance Jio, Bharti Airtel has apparently decided to eliminate the national roaming charges for both voice and data services. Airtel which has about 268 million users is giving a neck to neck competition to Mukesh Ambani’s Reliance JioInfocomm. Sources also said that there will[Read More…]
Telenor sells telecom business to Bharti Airtel
Rajat Gupta in India, parties with India Inc
Former global managing director of McKinsey and Co and Goldman Sachs board member Rajat Gupta returned to India last week after completing his two-year prison term in the US. Jailed in June 2014 in Devens, Massachusetts, Gupta was freed after receiving credit for good behavior against his 30-month sentence, according[Read More…]