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Bharti Tele-Ventures posts Rs. 521 cr. net

NEW DELHI: Bharti Tele-Ventures on Thursday reported a net profit of Rs. 521crore for the quarter ended September 30, 2005, a 43 per cent year-on-year increase. Its revenues also jumped 46 per cent to touch Rs. 2,709 crore. According to BTVL Joint Managing Director, Akhil Gupta, the company has revised upward its total investment for 2005-06 to $1.2-1.3 billion from $1 billion announced earlier. In the second quarter, Bharti invested Rs. 1,300 crore in network expansion.

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