BHARTI AIRTEL LTD
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BSE Code:
532454
NSE Code:
BHARTIARTL
Business Profile
Business Profile
Bharti Airtel (formerly Bharti Tele-Ventures), a part of Bharti Enterprises, works through three individual SBUs -mobile services, broadband and telephone services and enterprise services. The company, established in 1995, is a public limited company and is headquarted in New Delhi, India. The company provides GSM mobile services across India in 23 telecom circles, while the B&T business group provides broadband & telephone services in 15 circles. The enterprise services group has two sub-units - carriers (long distance services) and services to corporates.
Bharti Airtel is the largest mobile telephony operator in the GSM space with around 27 per cent market share in FY05. The company, apart from being the largest player in the mobile segment with subscribers in all the 23 telecom circles of the country, also provides varied services like fixed line, broadband and retail internet access. The company is also one of the fastest growing fixed line and long distance (DLD as well as ILD) operators in the country. It offers broadband and other data oriented services to corporate clients. The company has a strategic alliance with Singtel, the largest of its kind made by SingTel outside Singapore. The company also has a strategic alliance with Vodafone, which is one of the largest single foreign investments made in the Indian telecom sector.
Bharti Airtel plans to foray into the retail segment, through a joint venture, which would be finalised depending on the kind of infrastructure required for the retail foray.
Financials
The company reported a steady growth in standalone net profit for the quarter ended March 2009. During the quarter, the profit of the company rose 15.77% to Rs 20,749.90 million from Rs 17,923 million in the same quarter previous year. Net sales for the quarter rose 21.62% to Rs 90,168.10 million, while total income for the quarter rose 21.52% to Rs 90,496.60 million, when compared with the prior year period. It posted earnings of Rs 10.93 a share during the quarter, registering 15.78% growth over previous year period.
Recent Developments
10-JUN-09
The company announced a managed services deal with Comviva for mobile operators in emerging markets.
25-MAY-09
The company would acquire a 49% shareholding in MTN. It has renewed its effort for a significant partnership with MTN Group (`MTN`).
20-FEB-09
The company announced that it acquired 1.11% stake that is 2,780,306 equity shares in Bharti Hexacom, a subsidiary company, from Mobile Telecommunications Company, KSC, Kuwait.
19-JAN-09
The company has announced the debut of its Triple Play Service with the launch of Airtel digital TV interactive - it`s Internet Protocol Television (IPTV) Service. With this, Airtel delivers the Triple Play Advantage of Telephony, broadband and Entertainment Service to its customers. The Triple Play Service will be initially available to customers in Delhi, Gurgaon and Noida starting Jan. 19, 2009.
06-JAN-09
The company and Research In Motion (RIM) today announced the launch of the BlackBerry Pearl Flip 8220 Smartphone in India.
Future Plans
Bharti Airtel is planning an investment of USD 3.5 billion in 2007-08 to boost its telecom network across the country.
Bharti Airtel will launch direct-to-home (DTH) via Bharti Telemedia by the fourth quarter of FY 2007-2008 and internet protocol television (IPTV) services in select cities with Cisco by the end of 2007.
The company is planning to launch its operations in Vietnam.
Bharti Airtel Lanka, a subsidiary of Bharti Airtel, will be investing USD 200 million over the next two years to offer mobile services in Sri Lanka.
The company plans to double its tower capacity to 80,000 by March 2008.