Cash from Inclusive Growth for Global Ambitions – Bharti Airtel

February 26, 2010 · Filed Under Mobile, Telecom · Comment 

If you have been tracking corporate India’s moves in the past 18 months [Tata Corus + Jaguar, Hindalco Novellis, etc]  our businessmen are in a hurry to fulfill their global ambitions. Bharti Airtel’s Mittal is also running on a similar track and this I believe is going to be really big – SingTel will be the silent beneficiary :-)

Bharti Airtel management hosted the first management call after they bid for the Zain’s African Operations. Here are the key takeaways from the call, Read more

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Indian Mobile Operators Revenue + Subscriber Market Share

February 23, 2010 · Filed Under Mobile, Telecom · Comment 

Here is a quick peek into the market share[MS] of various mobile companies in India at the end of Dec-2009. Read Subscriber MS as SIM based MS.

  • Bharti Airtel – Subscribers – 22.6% while Revenue is the highest at 29.1%, saw a decline of 1.1% in the Dec quarter.
  • Reliance Communications – Subscribers – 17.9% and Revenue of 15.2%
  • Vodafone India – Subscribers – 17.4% and Revenue of 20.8% managed to buck the trend and gain 0.3% revenue market share.
  • BSNL – Subscribers – 12% and Revenue of 9% is unable to arrest the downfall. Witnessed 0.5%  decline in QoQ of revenue market share

    • Read more

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Bharti Airtel – Zain Deal – Another Expensive Acquisition

February 16, 2010 · Filed Under Mobile, Telecom · Comment 

Mr. Sunil Mittal is the most determined soul for Wireless African Safari :-) After having paid a premium in acquiring Warid Telecom, Bangladesh, this time his company is paying similar hefty premium [even RoE, RoCE are all low and not comparable to Airtel] to acquire the Wireless operations of Zain in Africa with operations in 16 countries including  Nigeria, Congo and Tanzania which account for 52-55% of subscribers and revenues.

Even before I could get to my spreadsheets, ready food is on my table and the consensus amongst Analysts is Bharti is paying upto 40% premium to Zain for acquiring Wireless Business in Africa. Read more

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Micromax 3rd largest Handset Vendor in India

February 4, 2010 · Filed Under CE, Mobile · Comment 

To many this may come as a surprise that a lesser known company Micromax is the third largest mobile handset vendor in India by Sales behind Nokia and Samsung.

Micromax followed a different strategy of hitting the bottomg of the pyramid and managed to make significant inroads riding on the multi-SIM phenomenon in semi-urban & rural areas. Read more

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