Bharti Airtel, India’s largest wireless network operator by subscribers, has announced that its quarterly net profit doubled in the first quarter ended 30 June 2007, on the back of a surging wireless subscriber base. Bharti, 30.8% owned by SingTel, said consolidated net profit rose to INR15.12 billion (USD375 million) in the first quarter from INR7.55 billion a year ago, while wireless subscribers jumped from 23 million to 42.7 million. Standalone net profit rose 73% to INR14.13 billion. Bharti’s total revenue rose 53% to INR59 billion although average revenue per user in the June quarter fell to INR390 from INR441 a year ago.
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