Online edition of India's National Newspaper
Thursday, Nov 01, 2007
ePaper
Google



Business
News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Obituary |



Business Printer Friendly Page   Send this Article to a Friend

Bharti Airtel net up

Staff Reporter

Plans to offload stake in tower business

NEW DELHI: Bharti Airtel on Wednesday said its net profit has registered an impressive 73 per cent increase in the second quarter ended September 30, 2007 at Rs. 1,614 crore, while total revenues stood at Rs. 6,337 crore, a rise of 45 per cent.

For the first half of the current fiscal, total revenues stood at Rs. 12,242 crore, a 49 per cent increase compared to the same period last fiscal, while its net income went up by 85 per cent to Rs. 3,126 crore.

Though Airtel’s average revenue per user (ARPU) declined to Rs. 366 during the second quarter from Rs. 438 in the same quarter last year, the minutes-usage per subscriber increased to 469 from 451 in the corresponding quarter last year.

Talking to reporters, Bharti Airtel President, Manoj Kohli, said they the company was planning to offload stake to financial and operating partners in its tower business.

Printer friendly page  
Send this article to Friends by E-Mail



Business

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Obituary | Updates: Breaking News |

ICICI Bank Dell


News Update


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Home |

Copyright 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu