Airtel Aims to be World's Third Largest Telecom Operator
Bharti Airtel said on Monday it is likely to become the world's third largest telecom operator soon, after China Mobile and UK-based Vodafone, as it continues with a strong subscriber growth.
"We are very close. It is a matter of one or two million (subscribers). Maybe, by next few weeks or months, we should be there," Bharti Enterprises managing director Manoj Kohli said.
At the end of April, Airtel had over 297 million customers across 20 countries. The latest global ranking and subscriber numbers were not immediately available.
According to analyst firm Wireless Intelligence, the telecom major became fourth largest operator in the world with over 250 million subscribers in Q2 of 2012.
Bharti Airtel had become the 5th largest mobile operator in the world following its acquisition of Zain Group's mobile operations across 15 African nations in June 2010.
Kohli said Airtel has invested Rs 1.70 lakh crore so far and has annual revenues of over Rs 85,000 crore.
He said that in 2002, Airtel innovated the concept of outsourcing which later became a norm for telecom operators across the world.
"We decided in 2002 to concentrate on things that we know and outsource the work, which we don't know to our partners," Kohli said while addressing the students of IMI.
He said Airtel outsourced the network part to Ericsson and Nokia and IT services to IBM, which became a very successful model.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.