Bharti Q2 up 43% as customer base grows

By agencies   |   Thursday, 27 October 2005, 07:00 Hrs
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NEW DELHI: IndiaÂ’s biggest mobile phone operator Bharti Tele-Ventures Ltd has reported a 43 percent jump in quarterly profit as users surged in the world's fastest growing mobile market.

Bharti, 30.84 percent owned by Singapore Telecommunications Ltd, said consolidated net profit rose to $116 million in the second quarter ended Sept. 30. Revenues rose to $165 million.

Bharti, state-run Bharat Sanchar Nigam Ltd, Hutchison Essar Telecom Ltd and CDMA operator Reliance Infocomm Ltd are competing to meet demand for wireless connectivity in Asia's third largest economy.

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