Bharti Infratel profit rises 62 pc to Rs 411 cr in Oct-Dec

Tags: News
Bharti Airtel's tower business unit Bharti Infratel today reported 62 per cent jump in net profit at Rs 411 crore for the quarter ended December 31, 2013, as operators focus on faster roll out of 3G networks.

The company had reported a net profit of Rs 254 crore in the corresponding period last fiscal, the company said in a statement.

Revenue of the tower firm also rose 4 per cent to Rs 2,731 crore for the reported period as compared to Rs 2,626 crore for the same period last year, it added.

"The regulatory environment in telecom sector is improving and more clarity will emerge after the auctions on February 3, 2014. With price hikes and the data revenues witnessing strong growth, the operators have started focusing on roll out of 3G networks," Bharti Infratel Vice Chairman and MD Akhil Gupta said.

He added that the company expects the momentum to increase in coming quarters.

"We believe that faster rollouts of 3G and 4G networks post successful spectrum auctions will be key in the coming year," Gupta said.

The total tower base of the company stood at 82,813 as on December 31, 2013 along with 163,370 co-locations, while the average sharing factor increased to 1.96 from 1.92 in the same period last year.

Bharti Infratel's consolidated portfolio of over 82,000 towers includes over 35,000 of its own towers and the balance from its 42 per cent equity interest in Indus Towers.

The company's consolidated operating free cash flow for the quarter was at Rs 708 crore, an increase of 30 per cent over the corresponding period last year on account of higher operating income.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Tax offenders stashing black money abroad must be booked

    There can be little doubt that for the government to get at those salting away unaccounted and untaxed money in foreign banks is a long overdue exerci

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Riding the product startup wave

That the Indian youth is undergoing a massive change in ...

Zehra Naqvi

Rememberance and forgetting are crucial

Memories are so vital to our lives that they can ...

Dharmendra Khandal

Sandalwood may get extinct if not protected

When we talk of sandalwood, the most common usage that ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture