Bharti Airtel posts Rs 759 crore profit in Q4, revenue surges 12%
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Bharti Airtel posts Rs 759 crore profit in Q4, revenue surges 12%
Reuters / Updated: May 17, 2021, 17:12 IST
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BENGALURU: Telecom firm Bharti Airtel Ltd swung to a quarterly profit on Monday as it added more subscribers and saw increased data usage, helped by pandemic-led remote working trends.
The country s second-largest telecom operator posted a consolidated profit of Rs 759 crore ($103.62 million) for the quarter ended March 31, compared with a loss of Rs 5,237 crore a year earlier.
New Delhi-based Bharti Airtel s revenue from operations for the quarter was Rs 25,747 crore, nearly 12% higher from Rs 23,019 crore the previous year.
Bharti Airtel, Qualcomm Tie Up To Provide 5G Services In India Telecom operator Bharti Airtel said on Tuesday it will collaborate with US chipmaker Qualcomm to roll out 5G services in India.
Updated: February 23, 2021 1:06 pm IST
Airtel said it will use Qualcomm s 5G RAN platforms to roll out virtualized and open 5G networks.
Telecom operator Bharti Airtel said on Tuesday it will collaborate with US chipmaker Qualcomm to roll out 5G services in India. The country s second-largest telecom operator said it will use Qualcomm s 5G RAN platforms to roll out virtualized and open RAN-based 5G networks. The flexible and scalable architecture of O-RAN will create new opportunities for small and medium-sized businesses to become viable players in the deployment of 5G networks, Bharti Airtel said in a press release.
The company has constituted a special committee to consider & evaluate business reorganization. This could be a precursor to potential future value unlocking.
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