Mobile phone companies of India http://www.globalpost.com/taxonomy/term/29002/all en India's Bharti quarterly profit dives, misses estimate http://www.globalpost.com/dispatch/news/afp/130201/indias-bharti-quarterly-profit-dives-misses-estimate <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Bharti Airtel, India's top mobile phone company, said Friday that quarterly profit has slid more than 70 percent due to "challenging" conditions in a competitive market, falling far short of market estimates.</p> <p>The drop in the three months to December marked the telecom company's 12th straight quarterly fall and was far below the consensus market expectations of an eight-billion-rupee profit rise.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/indias-bharti-quarterly-profit-dives-misses-estimate" target="_blank">read more</a></p> Bharti Airtel Economy of India Mobile phone companies of India Technology Vodafone AFP Fri, 01 Feb 2013 07:00:42 +0000 5742619 at http://www.globalpost.com India's Bharti quarterly profit dives, misses estimate http://www.globalpost.com/dispatch/news/afp/130201/indias-bharti-quarterly-profit-dives-misses-estimate-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Bharti Airtel, India's top mobile company, reported on Friday its net quarterly profit plunged by an unexpected 72 percent, hit by punishing price competition and a surge in interest charges.</p> <p>The profit drop to 2.84 billion rupees in the three months to December marked the telecom giant's 12th straight quarterly fall and far undershot analysts' forecasts of an eight-billion-rupee profit.</p> <p>"Market conditions have been challenging in recent quarters due to pricing pressures and rising input costs," Bharti's billionaire founder and chairman Sunil Bharti Mittal said.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/indias-bharti-quarterly-profit-dives-misses-estimate-0" target="_blank">read more</a></p> Bharti Airtel Business Economy of India Entertainment Hospitality Law Mobile phone companies of India Politics Technology Temasek Holdings AFP Fri, 01 Feb 2013 10:30:18 +0000 5742765 at http://www.globalpost.com India's Bharti quarterly profit dives, misses estimate http://www.globalpost.com/dispatch/news/afp/130201/indias-bharti-quarterly-profit-dives-misses-estimate-1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>India's top telecoms company Bharti Airtel reported Friday that its net quarterly profit plunged by an unexpected 72 percent in the three months to December, hit by punishing competition and soaring interest charges.</p> <p>The profit drop to 2.84 billion rupees ($53 million) marked the phone giant's 12th straight quarterly fall and was well wide of analysts' forecasts of an eight billion rupee profit.</p> <p>"Market conditions have been challenging in recent quarters due to pricing pressures and rising input costs," Bharti's billionaire founder and chairman Sunil Bharti Mittal said.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/indias-bharti-quarterly-profit-dives-misses-estimate-1" target="_blank">read more</a></p> Bharti Airtel Business Economy of India Entertainment Hospitality Law Mobile phone companies of India Politics Vodafone AFP Fri, 01 Feb 2013 17:46:00 +0000 5743338 at http://www.globalpost.com India's Reliance awards $1 bn contract to Ericsson http://www.globalpost.com/dispatch/news/afp/130211/indias-reliance-awards-1-bn-contract-ericsson <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Indian mobile phone firm Reliance Communications (RCom) on Monday announced it has awarded a $1-billion, eight-year contract to Swedish telecom equipment-maker Ericsson to run some of its networks.</p> <p>Ericsson will manage the daily operations of RCom's wireline and wireless networks in northern and western India, the companies said in a joint statement.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130211/indias-reliance-awards-1-bn-contract-ericsson" target="_blank">read more</a></p> BSE Sensex Business Economy of India Labor Law Mobile phone companies of India AFP Mon, 11 Feb 2013 12:00:43 +0000 5752548 at http://www.globalpost.com India court summons Bharti boss in mobile spectrum case http://www.globalpost.com/dispatch/news/afp/130319/india-court-summons-bharti-boss-mobile-spectrum-case <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>An Indian court on Tuesday ordered Sunil Bharti Mittal, the billionaire head of India's biggest mobile firm, to appear in court to face corruption accusations over the 2002 allotment of telecom airwaves.</p> <p>The summons stems from a decision by India's Supreme Court ordering the federal Central Bureau of Investigation (CBI) to investigate possible wrongdoing in allocating mobile airwaves from 2001 to 2007.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130319/india-court-summons-bharti-boss-mobile-spectrum-case" target="_blank">read more</a></p> Business Economy of India Hospitality Law Mobile phone companies of India Politics Vodafone AFP Tue, 19 Mar 2013 14:16:11 +0000 5787779 at http://www.globalpost.com India court summons Bharti boss in mobile spectrum case http://www.globalpost.com/dispatch/news/afp/130319/india-court-summons-bharti-boss-mobile-spectrum-case-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>An Indian court on Tuesday ordered Sunil Bharti Mittal, the billionaire head of India's biggest mobile firm Bharti Airtel, to appear in court on corruption allegations over the 2002 allotment of telecom airwaves.</p> <p>The summons stems from a decision by India's Supreme Court ordering the federal Central Bureau of Investigation (CBI) to investigate possible wrongdoing in allocating mobile airwaves from 2001 to 2007.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130319/india-court-summons-bharti-boss-mobile-spectrum-case-0" target="_blank">read more</a></p> Bharti Airtel Ltd Business Economy of India Hospitality Law Mobile phone companies of India Politics Technology Vodafone AFP Tue, 19 Mar 2013 17:16:44 +0000 5787957 at http://www.globalpost.com India's top court allows Bharti, Vodafone, Idea 3G pacts until April 11 http://www.globalpost.com/dispatch/news/thomson-reuters/130408/indias-top-court-allows-bharti-vodafone-idea-3g-pacts-until-apr <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>NEW DELHI (Reuters) - Telecom firms Bharti Airtel Ltd, Vodafone Group Plc's local unit and Idea Cellular can maintain until April 11 pacts allowing them to offer 3G services outside their licensed zones, India's supreme court ruled on Monday.</p> <p>The telecommunications ministry had asked Bharti Airtel, Vodafone and Idea Cellular to end the pacts, which the government says are illegal. It also imposed penalties on the companies.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130408/indias-top-court-allows-bharti-vodafone-idea-3g-pacts-until-apr" target="_blank">read more</a></p> Business Economy of India Hospitality Law Mobile phone companies of India Politics Vodafone Thomson Reuters Mon, 08 Apr 2013 10:30:15 +0000 5805387 at http://www.globalpost.com Telecom Italia board to weigh Hutchison option http://www.globalpost.com/dispatch/news/thomson-reuters/130411/telecom-italia-board-weigh-hutchison-option <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>MILAN (Reuters) - The board of Telecom Italia &lt;TLIT.MI&gt; will meet on Thursday to discuss a potential tie-up with Hong Kong-based Hutchison Whampoa &lt;0013.HK&gt;, which sources familiar with the talks say is targeting nearly 30 percent in the Italian group.</p> <p>Chairman Franco Bernabe, under pressure from shareholders to improve margins at debt-laden Telecom Italia, is likely to win permission from the board to deepen talks, which both Telecom Italia and Hutchison said this week are at a preliminary stage.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130411/telecom-italia-board-weigh-hutchison-option" target="_blank">read more</a></p> Business Essar Group Hutchison Whampoa Mobile phone companies of India Thomson Reuters Thu, 11 Apr 2013 08:00:34 +0000 5810268 at http://www.globalpost.com Bharti consortium in final stage of Myanmar telecom licence race - source http://www.globalpost.com/dispatch/news/thomson-reuters/130411/bharti-consortium-final-stage-myanmar-telecom-licence-race-sour <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>NEW DELHI (Reuters) - A consortium of India's Bharti Airtel Ltd has qualified to enter the final stage of a telecommunications licensing process in Myanmar, a company source said on Thursday, pitting it against some of the world's leading carriers to secure a permit in one of the last major untapped markets.</p> <p>There are still more than a dozen companies competing for the two licences on offer, the source said, declining to give any further details.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130411/bharti-consortium-final-stage-myanmar-telecom-licence-race-sour" target="_blank">read more</a></p> Business Economy of India Mobile phone companies of India Vodafone Thomson Reuters Thu, 11 Apr 2013 10:45:21 +0000 5810791 at http://www.globalpost.com India's top court postpones Bharti boss hearing http://www.globalpost.com/dispatch/news/afp/130427/indias-top-court-postpones-bharti-boss-hearing <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>India's highest court has indefinitely postponed a hearing for telecom tycoon Sunil Bharti Mittal over corruption allegations involving the allotment of telecom airwaves.</p> <p>Mittal, chief of Bharti Airtel, India's biggest mobile firm, was only last month personally dragged into the second-generation (2G) spectrum allocation controversies that have shaken the country in recent years.</p> <p>But the Supreme Court late Friday said Mittal's hearing on the allegations was being "postponed" until further notice.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130427/indias-top-court-postpones-bharti-boss-hearing" target="_blank">read more</a></p> Business Hospitality Indian people Law Mobile phone companies of India Politics Vodafone AFP Sat, 27 Apr 2013 08:30:51 +0000 5826552 at http://www.globalpost.com India's top court postpones Bharti boss hearing http://www.globalpost.com/dispatch/news/afp/130427/indias-top-court-postpones-bharti-boss-hearing-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>India's highest court has postponed until further notice a hearing for telecom tycoon Sunil Bharti Mittal over corruption allegations involving the allotment of telecom airwaves.</p> <p>Mittal, chief of Bharti Airtel, India's biggest mobile operator, was last month for the first time personally dragged into the second-generation (2G) spectrum allocation controversies that have shaken the country in recent years.</p> <p>But the Supreme Court late Friday said Mittal's hearing on the allegations was being "postponed" until further notice. He was due to appear in court on Monday.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130427/indias-top-court-postpones-bharti-boss-hearing-0" target="_blank">read more</a></p> Business Hospitality India Indian people Law Mobile phone companies of India Politics AFP Sat, 27 Apr 2013 15:45:11 +0000 5826689 at http://www.globalpost.com Profits at India's Bharti Airtel sink further http://www.globalpost.com/dispatch/news/afp/130502/profits-at-indias-bharti-airtel-sink-further <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>India's top telecoms company Bharti Airtel said Thursday its net quarterly profit halved in its final financial quarter to March, hit by fierce competition and punishing interest charges.</p> <p>Consolidated net profit for the three months to March tumbled to 5.08 billion rupees ($94 million), down from 10.06 billion rupees in the same period a year earlier.</p> <p>The drop in profit marked the phone giant's 13th straight quarterly fall and was well wide of analysts' forecasts of a 7.0-billion-rupee profit, leading to a sharp fall in its shares.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130502/profits-at-indias-bharti-airtel-sink-further" target="_blank">read more</a></p> Business Economy of India Hospitality Law Mobile phone companies of India Politics Vodafone AFP Thu, 02 May 2013 05:15:14 +0000 5829644 at http://www.globalpost.com Bharti Airtel's quarterly profit drops 49 per cent, blames tax increase http://www.globalpost.com/dispatch/news/the-canadian-press/130502/bharti-airtels-quarterly-profit-drops-49-cent-blames-tax-inc <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>MUMBAI, India - Bharti Airtel, India's biggest telecommunications company, reported Thursday that quarterly net profit fell by nearly half to 5.1 billion rupees ($94.7 million) on higher taxes and operating costs.</p> <p>The company said revenue for the January-March final quarter of its fiscal year rose 9.2 per cent from a year earlier to 205 billion rupees ($3.8 billion).</p> <p>However, a tax increase of 1.3 billion rupees ($24.8 million) for the quarter over the previous year cut into profits, accounting for about half of the steep year-on-year drop.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130502/bharti-airtels-quarterly-profit-drops-49-cent-blames-tax-inc" target="_blank">read more</a></p> Economy of India Mobile phone companies of India Vodafone The Canadian Press Thu, 02 May 2013 08:45:26 +0000 5829694 at http://www.globalpost.com EU antitrust watchdog put to test with Vodafone, Hutchison deals http://www.globalpost.com/dispatch/news/thomson-reuters/130626/eu-antitrust-watchdog-put-test-vodafone-hutchison-deals <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Leila Abboud and Foo Yun Chee</p> <p>PARIS/BRUSSELS (Reuters) - European regulators will soon weigh in on two telecom acquisitions worth about 11.5 billion euros, in key test cases for a sector that executives believe needs consolidation to counter falling sales and boost network investments.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130626/eu-antitrust-watchdog-put-test-vodafone-hutchison-deals" target="_blank">read more</a></p> Essar Group Mobile phone companies of India Vodafone Thomson Reuters Wed, 26 Jun 2013 23:02:08 +0000 5868645 at http://www.globalpost.com Myanmar awards telecom licences to Telenor and Ooredoo http://www.globalpost.com/dispatch/news/afp/130627/myanmar-awards-telecom-licences-telenor-and-ooredoo-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Myanmar on Thursday awarded telecom licences to Norway's Telenor and Qatari firm Ooredoo, the government committee in charge of the bids said, opening up one of the world's last virtually untapped mobile phone markets.</p> <p>The committee "is pleased to announce that Telenor Mobile Communications and Ooredoo have been selected as the two successful applicants", from the 11 global consortiums remaining on a shortlist, it said in the statement.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130627/myanmar-awards-telecom-licences-telenor-and-ooredoo-0" target="_blank">read more</a></p> Mobile phone companies of India Singapore Telecommunications Technology Telenor AFP Thu, 27 Jun 2013 12:32:58 +0000 5869187 at http://www.globalpost.com