Thursday, October 30, 2014
Bharti Looks Forward to Digital India
Bharti Airtel reported a 7% year-on-year increase in revenue to 228.45 billion Indian rupees (3.72 billion US dollars) in the quarter ending September 30. In India and south Asia revenues were up 12% (boosted by a 23.5% increase in digital TV sales), while revenues rose 6.4% in Africa, as measured in local currencies.
In a statement, Mr. Gopal Vittal, MD and CEO, India & South Asia, said: “Airtel's revenue growth in India has further accelerated to 12.3% in Q2. We continue to see strong momentum in mobile data which has grown by 74% in this quarter. Airtel's pioneering 4G roll-out in 15 cities is now witnessing stronger customer acceptance. On the regulatory front, the recent TRAI recommendations on making more contiguous spectrum available in the upcoming auctions have the potential of transforming the industry. We believe that this is critical to realise the exciting vision of "Digital India" that the Government has articulated."
Airtel said data revenues now account for 10.1% of overall Africa revenues up from 6.6% in the corresponding quarter last year. It also reported that active Airtel Money customers have risen to 5.3 million, with the total value of transactions crossing 3.3 billion US dollars during the quarter ending September 30th. source: Airtel statements
WHERE WE'RE HEADED: TELECOMS TRENDS AROUND THE WORLD: SUBSCRIBE HERE