Tag Archives: Bharti Enterprises
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Etisalat signals entry into m-payments space
Makes eminent sense for a telco operating in the Gulf and in Sri Lanka to offer mpayment services. Also makes eminent sense to abolish excessive roaming charges within countries they operate in, like Zain (in the process of becoming part of Bharti). And even selling Etisalat SIMs to our workers before they go to Dubai.
Etisalat’s new Sri Lankan mobile subsidiary is in talks with banks to offer financial services on mobile phones, such as money transfers for migrant workers in the Middle East, a senior company official said.
Riyaaz Rasheed deputy chief executive of Etisalat Lanka said the mobile operator is seeking to tie-up with banks to offer the financial services. “We’re already talking to two of the biggest banks in Sri Lanka,” he told LBO. Rasheed declined to identify the banks, citing non-disclosure agreements signed with them.
Etisalat, the United Arab Emirates-based telecom firm, acquired 100 percent of the Sri Lanka operation called Tigo from Millicom International in October 2009 and has renamed it Etisalat Lanka.
Debating the wisdom of Bharti’s acquisition of Zain’s African operations
In the end, it comes down to the Budget Telecom Network Model. The recent Bharti 10.7 billion USD offer for Zain has depressed share prices and generated a big debate. But it really boils down to this:
The trick for Bharti, which pioneered low-cost telecoms in India, will be to bring down Zain’s high cost base and win subscribers, say analysts — and to get subscribers to talk more using lower tariffs.
Bharti is famous for its so-called “minutes factory” business plan — the low-cost, high-volume model that has made it India’s leading mobile company.
Mittal said Bharti expects to be able to “substantially increase usage” and sign up more callers that would boost call traffic and improve margins.
Bharti’s strength is “bringing down costs of operations and prices”, said Romal Shetty, head of Indian telecom at global consultancy KPMG.
Seven Indians among 100 global influential telecom people
Global Telecoms Business, a journal for communications service providers around the world, has named Tata Communications (formerly VSNL) CEO N Srinath has been as one of the 10 most influential telecom personnel.
Among the top 100 telecom personnel named by the magazine, N Srinath has been positioned at number 8. He has been credited for transforming Tata Communications in an international company and for the acquisition of networks like Teleglobe and Tyco Global Networks.
The list tops with Google Chairman and CEO Eric Schmidt, and Apple CEO Steve Jobs at number two.
Other Indians in the list are Bharti Enterprises Chairman and Group CEO Sunil Bharti Mittal (at number 35), Bharti Airtel CEO and Joint MD Manoj Kohli (number 39) and CEO of Motorola’s mobile services division Sanjay Jha (number 41).
Tata Communications’ President of global data and mobility solutions Vinod Kumar at number 68 and former CEO of Vodafone Arun Sarin at 71 are other Indian in the list.
India: Bharti to rely less on telecom
The Bharti Group is aiming to reduce its dependence on the telecom sector to 50 per cent for the group’s revenues by 2013. At the moment, telecom operations provide over 80 per cent of its revenues with new businesses which include retail, financial services and agriculture just about taking off the ground.
Unveiling a new brand for the group, the third time that the group has announced mega brand changes, Sunil Bharti Mittal, chairman and group CEO, Bharti Enterprises, said, “We are breaking free from our telecom legacy. In the next five years, we hope to get more than 50 per cent of our revenues from businesses other than telecom, which constitutes more than 80 per cent right now.”
Read the full story in Business Standard here.
Bharti Airtel to launch Sri Lanka operations in December 2008
Leading telecom operator Bharti Airtel will launch operations in Sri Lanka in December, a top official announced on Monday.
“We will roll out the services next month as all formalities are done and issues relating to inter-connectivity have been sorted out,” Bharti Enterprises vice-chairman and managing director Rajan Mittal told reporters in New Delhi.
The telecom giant had been facing problems of inter-connection, with local carriers not willing to give inter-connections to the company.
Source: Hindustan Times, Nov 04
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