Expect three more quarters of losses for telecom industry: COAI

Expect three more quarters of losses for telecom industry: COAI

New Delhi, October 14 (PTI): The telecom sector is likely to experience three more quarters of losses, hurt by high levies and “unsustainable tariffs”, a top official of industry body COAI has said. “Under the current scenario, I see at least another three plus quarters of losses. Why? Because personally, I do not think the […]

Bharti Airtel to acquire Tata’s mobile business for free

Bharti Airtel to acquire Tata’s mobile business for free

FILE PHOTO – A man packs goods on the back of his bicycle as he stands next to the wall of a grocery shop painted with an advertisement for Bharti Airtel in Kochi May 5, 2011. REUTERS/Sivaram V/File Photo   MUMBAI, October 12 (Reuters) – Bharti Airtel Ltd is acquiring the Tata conglomerate’s consumer mobile […]

Bharti Airtel says to invest $310 million to improve services

Bharti Airtel says to invest $310 million to improve services

NEW DELHI, July 10 (Reuters) – Top Indian mobile phone carrier Bharti Airtel Ltd said on Monday it would invest 20 billion rupees ($310 million) over three years to improve its services.   As part of the plan, the company will invest in redesigning its 2,500 stores across the country, revamping its app, and improving […]

Bharti Airtel’s profits plunge as India’s price war bites

Bharti Airtel’s profits plunge as India’s price war bites

MUMBAI, January 24 (Reuters) – Bharti Airtel, India’s largest telecoms network operator, reported its lowest profit in four years as competition from a new rival hit revenues that were also affected by a cash crunch, after the central government scrapped high-value banknotes.   A brutal price war has ensued in India’s mobile phone market since […]

Bharti Airtel to spend $441 million to set up payments bank

Bharti Airtel to spend $441 million to set up payments bank

MUMBAI/NEW DELHI, January 12 (Reuters) – Bharti Airtel Ltd, India’s top wireless carrier, on Thursday unveiled a so-called payments bank, committing an initial investment of 30 billion rupees ($441 million) to build a nationwide network.   Airtel Payments Bank is the first among several such niche banks to start operations, after the central bank handed […]

Bharti Airtel slashes prepaid tariffs to compete with Jio

Bharti Airtel slashes prepaid tariffs to compete with Jio

MUMBAI, December 8 (Reuters) – India’s top telecommunications carrier Bharti Airtel on Thursday unveiled unlimited voice calls and more 4G data under a new plan, to take on rival Reliance Jio that recently extended its free services.   For 345 rupees ($5.12), Bharti Airtel will allow users to make unlimited calls to any network and […]

Bharti Airtel to buy Aircel mobile spectrum for $526 million

Bharti Airtel to buy Aircel mobile spectrum for $526 million

NEW DELHI, April 8 (Reuters) – Indian telecommunications giant Bharti Airtel Ltd said on Friday it had agreed to pay Aircel 35 billion rupees ($526 million) for radio frequencies in eight service areas, to make its 4G mobile broadband services available across India.   Bharti, India’s largest mobile phone operator, will acquire the rights to […]

Bharti Airtel to buy mobile spectrum from Videocon for $664 million

Bharti Airtel to buy mobile spectrum from Videocon for $664 million

MUMBAI, March 17 (Reuters) – Bharti Airtel Ltd, India’s biggest mobile phone networks operator, has agreed to pay 44.28 billion rupees ($664 million) to Videocon Telecommunications for radio frequencies in six service areas, trumping rival Idea Cellular’s smaller deal for the same spectrum in two service areas.   Bharti, India’s largest mobile phone operator, said […]

Bharti Airtel to invest Rs.60,000 crore in network expansion

Bharti Airtel to invest Rs.60,000 crore in network expansion

New Delhi, November 30 (IANS) Bharti Airtel on Monday said it will invest Rs.60,000 crore in three years to provide better quality network to its customers.   “The programme, called Project Leap, will see a network transformation. Large parts of this investment will improve voice services,” Gopal Vittal, managing director and chief executive officer (India […]

Bharti Airtel to expand 4G ahead of Reliance launch

Bharti Airtel to expand 4G ahead of Reliance launch

GURGAON, Aug 6 (Reuters) – India’s top cellular carrier Bharti Airtel Ltd <BRTI.NS> is expanding its fourth-generation (4G) mobile phone services to cover nearly 300 towns in the coming weeks, ahead of a launch by a formidable newcomer. [google_ad_728_90_text] Mobile phone carriers in India, the world’s second-biggest market by number of customers, have spent billions […]