Indian cellco Bharti Tele-Ventures said net profit for its fiscal third quarter rose 25% on the back of domestic expansion and strong subscriber growth. Net profit in the three months to 31 December 2005 rose to INR5.45 billion (USD123.1 million), up from INR4.36 billion a year earlier, on the back of a 42% rise in revenues to INR30.26 billion. Bharti added 2.4 million GSM mobile subscribers in the period, taking its total to 16.33 million at the end of 2005; it had an additional 1.2 million fixed line and broadband customers at that date.
Subscribe
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Browse
Filter
Filter CommsUpdate by the following categories or use the search.
Search
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
Advertise
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors
- Regulators