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Airtel commences 3G services in J&K

Jun 13, 2011 at 12:23 pm in News by support · Leave a Comment »

Telecom major Bharti Airtel on Wednesday commenced 3G services in Jammu and Kashmir , starting with the summer capital Srinagar.

“Powered by 160 sites in Srinagar alone, Airtel 3G services will gradually be launched across the state in weeks to come,” Chief Executive Officer, Upper North, Mobile service, Shashi Arora told reporters.

He said with the launch of 3G service, customers in Kashmir will now be able to join the three million plus Airtel customers across  [read more →]

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Bharti Airtel launches mobile wallet service in Delhi NCR

Jun 6, 2011 at 9:33 am in News by LT Writer · Leave a Comment »

Bharti Airtel, India`s largest telco by revenues and subscribers, launched its mobile wallet service Airtel Money in Delhi NCR on Wednesday, a company official said.

The service allows Airtel customers to make cashless payments from Rs 10 to Rs 5,000 a day for various services such as utility bills and movie tickets. The telco plans to raise the upper threshold to Rs 50,000 within two months, Airtel`s m-commerce services chief operating officer Sriram Jagannathan told! ET.

Bharti Airtel`s scrip rose  [read more →]

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Bharti Airtel inks $400-m pact with Huawei

at 9:28 am in News by LT Writer · Leave a Comment »

Bharti Airtel has signed a $400-million deal with Chinese vendor Huawei to modernize and expand Airtel`s mobile network infrastructure in Africa.

According to the agreement, Huawei will be responsible for designing, planning as well as managing operations and maintenance.

Ericsson and Nokia Siemens are also likely to get similar deals.

Announcing the agreement, Mr Manoj Kohli, CEO (International) and Joint Managing Director, Bharti Airtel, said “The partnership with Huawei takes us one step closer to realizing our vision of making affordable and world-class  [read more →]

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Bharti drills legal loopholes in TRAI`s IUC consultation paper

May 16, 2011 at 10:04 pm in News by support · Leave a Comment »

Telecom major Bharti airtel has opposed the consultation paper issued by regulator Trai to review interconnection usage charges (IUC), saying it is not being done in accordance with the directions of TDSAT and the Supreme Court and hence needs to be reframed.

“We are highly surprised to note that the consultation paper released by TRAI on April 27, 2011, has not taken into consideration the observations and directions of either the Supreme Court or the TDSAT,” the company said  [read more →]

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Bharti to invest $3 b on telecom expansion

May 6, 2011 at 2:46 pm in News by LT Writer · Leave a Comment »

Bharti Group on Thursday said it plans to invest about $3 billion for expanding its telecom operations in this fiscal.

According to Mr Manik Jhangiani, Group CFO, Bharti Enterprises, the telecom company has earmarked $1.5 billion for its businesses in India and South-Asia and another $1 billion for Africa. Investments in the tower business have been pegged at $400 million.

The investments in India will primarily be used to expand Airtel`s 3G network. So far, the operator has rolled out  [read more →]

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African operations drag Airtel Q4 profit 31%

at 2:42 pm in News by LT Writer · Leave a Comment »

Losses from African operations and soaring costs have dragged down Bharti Airtel`s fourth quarter profits by 31 per cent to Rs 1,401 crore compared to Rs 2,044 crore in the corresponding quarter last year.

While Airtel`s African operations posted an overall net loss of Rs 416 crore, spending on sales and marketing more than doubled to Rs 1,830 crore in the quarter from Rs 757 crore a year ago due to the rebranding exercise undertaken in Africa. Access and  [read more →]

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Bharti upbeat on African operations

at 2:39 pm in News by LT Writer · Leave a Comment »

Telecom major Bharti airtel, whose profit has come under severe pressure in the fourth quarter of 2010-11 due to higher cost of African operations, today said it is expecting the African arm to post a much better performance this year.

“Africa is a very competitive market and it`s been only nine months since we have acquired Zain`s African operations. The costs are very high in that region, but now we have a good presence there,” airtel Africa CEO and  [read more →]

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Bharti Airtel plans to raise $1 b via bonds

May 3, 2011 at 12:50 pm in News by LT Writer · Leave a Comment »

Bharti Airtel, India`s top mobile phone carrier, plans to raise $750 million to $1 billion through a global bond issue to retire its costly Africa debt and fund expansion there, an official told ET.

The issue will be in the form of debentures and will have a tenure of 10 years, the official, who has direct knowledge of the development, said on condition of anonymity.

Last week, credit ratings agency Fitch had reduced Bharti Airtel`s outlook to `negative` from `stable`,  [read more →]

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Airtel to launch 3G services in 50 AP towns

Apr 28, 2011 at 3:34 pm in News by LT Writer · Leave a Comment »

Airtel is planning to provide 3G services in 50 towns in Andhra Pradesh and 500 across the country during the current financial year and is making all arrangements towards that end, according to Mr Sharlin Thayil, Chief Executive Officer of Bharati Airtel in Andhra Pradesh.

He was speaking here on Wednesday after inaugurating 3G services here. “We have launched the service in Hyderabad three weeks ago and today in Vizag. We will cover roughly 50 more towns during the  [read more →]

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India-US cable due by year-end

Apr 19, 2011 at 2:35 pm in News by LT Writer · Leave a Comment »

A forthcoming India-US cable link planned by Hong Kong-based Pacnet and India’s Bharti Airtel will be completed by year-end, a Pacnet executive says.

John Garrett, vice president of product strategy told the pair will spend a total of $120 million (€83 million) on acquiring capacity for the Chennai-Los Angeles link, which will be formed by linking portions of Pacnet’s EAC-C2C cable with Bharti’s i2i cable in Singapore.

“We have each agreed to acquire a fiber pair of capacity from each  [read more →]