Cash from Inclusive Growth for Global Ambitions – Bharti Airtel
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
Indian Mobile Operators Revenue + Subscriber Market Share
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
Bharti Airtel – Zain Deal – Another Expensive Acquisition
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
Micromax 3rd largest Handset Vendor in India
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
How Idea Managed to beat Bharti Airtel in Traffic Growth
First, my apologies that I couldn’t cover neither Idea Cellular nor Bharti Airtel Results & Analyst Call as I am stuck in Mumbai for some personal work. However, going through the data, I find it interesting to note that Idea Cellular has punched straight into the face of Bharti Airtel in tems of Traffic Growth for the quarter ending Dec-2009.
Idea’s minutes grew 15% QoQ much faster than Bharti (6.7%) even after adjusting for lower base and the impact of J&K ban on the latter. The reasons could be Read more
Bharti Airtel Squeezes Abu Dhabi’s Sheikh Mabarak Al Nahayan out of Warid Telecom
Bharti Airtel’s intention to takeover Bangladesh’s Warid Telecom is finally confirmed. Time for some self-praise – I was very close in valuing Warid Telecom setting aside the hype created by India’s leading financial daily and all other Web 2.0 folks Bharti Airtel has informed,
Bharti will invest ~USD 300 mn in Warid, which will be utilized towards network expansion and introduction of new products and services. The acquisition will be partly by purchase of existing Read more
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