Tag Archives: Bharti Airtel
Soaring quarterly numbers for telecom majors Reliance Communications and Bharti Airtel
Reliance Communications took the competition in domestic telecom head-on as it reported operating margins similar to bigger rival Bharti Airtel in the July-September quarter. RCom’s robust performance was aided by higher growth in its wireless and broadband services along with increased operating efficiency. Net profit has surged 86% to Rs 1,305 crore (USD 330 mil) year-on-year [...]
Foreign investors may join Indian GSM firms against ‘pro-dual-technology’ policy
Foreign telecom investors, who hold significant stake in India telecom companies, are exploring the possibility of joining hands and initiating an arbitration proceeding against the government of India and department of telecom (DoT) in foreign courts against the new telecom policy. The move comes as some of the foreign investors say the that the new [...]
Western Union to transfer money to ‘mobile wallets’
Mobile phones are about to become the simplest and quickest way to transfer money across borders, under a deal announced yesterday by Western Union and GSM Association, the main mobile phone operators’ body. The agreement could have a big impact on global cross-border remittances, worth an estimated $500bn a year, and provide a springboard for [...]
Slow start by Bharti Airtel in Sri Lanka?
Today, at a ceremony to sign a large number of investment agreements at the Board of Investment of Sri Lanka, it was revealed that Bharti Airtel, Sri Lanka’s fifth mobile operator, is planning to invest USD 150 million. This amount is below industry expectations and suggests that Bharti will start slow, with a conventional rollout [...]
LIRNEasia research picked up by ECONOMIST INTELLIGENCE UNIT
Sri Lanka: Cutting it Mobile phone use is taking off in Sri Lanka – though not, perhaps, in ways that service operators might have hoped. FROM THE ECONOMIST INTELLIGENCE UNIT In the world’s poorer countries, the purchase of a mobile phone has become increasingly affordable. Using it, however, can still be a struggle. Low-income mobile [...]
Sri Lanka’s telecom sector soars on mobile growth
Sri Lanka’s telecom sector soared in 2006 to 7.3 million users, led by a 59% jump in new mobile phone connections on competition and falling call rates, an AFP report said. Quoting the industry watchdog Sri Lanka Telecommunications Regulatory Commission, the AFP report said despite a waiting list of around 366,000 for fixed-line phone [...]
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