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Corporate directors and CEOs to forego pay hike this year: Bharti Airtel

Aug 5, 2011 at 7:17 am in News by support · Leave a Comment »

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Close on the heels of Bharti Airtel chief Sunil Mittal foregoing any pay hike this fiscal, the company on Wednesday said all its corporate directors and CEOs have volunteered for no salary hike in 2011-12.

“This is in line with the company`s efforts to drive cost efficiencies,” the telecom giant said in a statement.

“… all Corporate Directors and Chief Executive Officers (Asia and Africa) of the company have volunteered for no increase in th! eir  [read more →]

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BSNL, MTNL paid Rs 1,134 crore as rent in last 4 years

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The government on Wednesday said two state-run telecos BSNL and MTNL have collectively paid Rs 1,132.06 crore in the last four years as rent for the buildings they have hired for technical and administrative offices.

MTNL has paid a total of Rs 108.16 crore since 2008 and BSNL has paid Rs 1,023.9 crore during the same period, Minister ! of State for Communications and IT Milind Deora informed the Lok Sabha.

He also informed that the government has not received any dividend  [read more →]

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Bharti Airtel Q1 net falls 28%; analysts` remain positive

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Bharti Airtel Ltd, India`s top mobile phone carrier, on Wednesday reported a 28 percent fall in profit for the quarter ended June 30, hit by interest costs related to its purchase of African operations, costs of its new third-generation network in India and higher tax outgo.

Bharti Airtel Ltd said consolidated net profit fell to Rs 1215 crore ($274 million) for its fiscal first quarter ended June, from Rs 1,682 crore a year earlier. However, total income  [read more →]

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Huawei’s new TD-LTE stick may give green signal to Wireless Broadband roll-out in India

Aug 2, 2011 at 5:30 am in News by LT Writer · Leave a Comment »

Huawei, World’s second largest mobile network equipment provider, has just launched a data-card product that may turn out to be crucial to the roll-out of wireless broadband in India by players like Mukesh Ambani’s Reliance Industries.

The data-card is the World’s first such device to support a host of technologies, including TD-LTE — seen as the most likely technology to be deployed by most of the Indian wireless broadband spectrum holders.

Despite getting spectrum a year ago, none of the Indian operators  [read more →]

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Bharti Airtel hikes call tariffs by 20% in six circles

Jul 26, 2011 at 4:48 am in News by LT Writer · Leave a Comment »

Leading telecom service provider Bharti Airtel on Friday hiked call tariffs by 20% in six major circles including New Delhi, Andhra Pradesh and Uttar Pradesh. The hike in tariff will be passed on to pre-paid customers as well.

Tariffs have been hiked from 1 paise per second to 1.2 paisa per second. Sources say that other telecom players will follow suit. Bharti Airtel stock price rallied by 4% and was trading at Rs 411 at 2:50 PM on the BSE.

Bharti Airtel  [read more →]

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Airtel 3G services in eastern UP

Jul 22, 2011 at 7:18 am in News by LT Writer · Leave a Comment »

Private GSM operator Bharti Airtel today launched its third Generation (3G) services in Uttar Pradesh (East) circle.

In the first phase, 3G services have been launched in Lucknow and Kanpur. Airtel has set up 20 experience zones for people to test the new service. In another 15 days, the telecom major intends to cover ! 8-10 major towns.

Airtel had already launched its 3G services in UP (West) circle, which covers Uttarakhand as well.
“We plan to provide the new generation services in  [read more →]

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Bharti Airtel announces new organisation structure for its India and South Asia operations

Jul 11, 2011 at 5:24 am in News by support · Leave a Comment »

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New structure to drive the next phase of company’s growth

  • Creation of B2C and B2B business verticals for enhanced business efficiency and employee value
  • Transformation from a ‘technology’ facing organisation structure to a ‘customer’ facing one
  • Will provide enhanced empowerment to employees

Bharti Airtel,  announced a new organization structure for its operations in India and South Asia. The new structure, which will be effective starting August 1, 2011, is aimed at driving greater business and functional synergies, providing a common interface to customers,  [read more →]

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Airtel, Vodafone added 2.45 mn subscribers each in May

Jun 23, 2011 at 8:58 am in News by LT Writer · 1 Comment »

Telecom giants Bharti Airtel and Vodafone added 2.45 million subscribers each in May, industry data showed. The month saw a net addition of 9.53 million GSM subscribers in the country.

The total number of GSM subscribers in India crossed 590.2 million in May as against 580.67 million in April, according to the data released by the Cellular Operators Association of India (COAI).

Bharti Airtel now has a market share of 28.31 percent, with 167 million subscribers. Vodafone follows with a 23.62 percent  [read more →]

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Bharti takes tower sharing to Africa

Jun 13, 2011 at 3:31 pm in News by support · Leave a Comment »

Bharti Airtel, which acquired Zain Telecom’s assets in 16 African countries last year, has started discussions with all its key competitors on the continent – including MTN, Vodacom, Orange, Millicom and Etisalat – for sharing tower infrastructure and back-end optic fibre networks. The idea is to reduce capital investments and improve profitability.

“The industry cost structure in Africa should be optimised. We are having collaborative discussions with our competitors. They are eager to share tower and fibre infrastructure so  [read more →]

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Top-level changes at Bharti group

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Mr Mukesh Bhavnani has been appointed as the Group General Counsel and Company Secretary of Bharti Enterprises, the parent company of Bharti Airtel. He will take over this responsibility from Ms Vijaya Sampath effective June 2.

Mr Bhavnani has moved from Essar Group where he was Group President – Legal. He has around 30 years of varied experience spanning across multiple industries including insurance, infrastructure, media, and consumer goods. In his last assignment, Mr Bhavnani was responsible for the  [read more →]