Bharti Airtel, India's largest mobile operator, reported a 37% rise in revenues to 369.6 billion Indian rupees (7.25 billion US dollars) for the year to March 31, 2009 aided by expansion into rural areas. The company's EBITDA grew by 33% to 151.7 billion rupees, while capital expenditure for the full year was 140.2 billion rupees.
Although revenue growth slowed to 26% in the January-to-March quarter, Sunil Bharti Mittal, Chairman & Managing Director of Bharti Airtel, said: "We expect revival of the economy in the second half of this fiscal year. I have no doubts that the telecom sector will lead the economic revival."
Revenue from non-voice services, such as SMS, accounted for 14.1% of total revenues in the January-to-March quarter compared with 14.9% in the same period a year earlier. source: Bharti Airtel statement