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New Delhi, Jan. 30 Notwithstanding the prolonged battle for spectrum, telecom service provider Bharti Airtel on Wednesday announced a 42 per cent increase in its profits to Rs 1,722 crore for the third quarter ended December 31, 2007 compared to Rs 1,215 crore in the corresponding quarter in the previous year.

The growth has been primarily driven by a huge surge in the company’s subscriber base, which increased 70 per cent to over 57 million during the third quarter. The increase in the user base enabled the company to improve its market share from 21.8 per cent in December 2006 to 23.6 per cent at the end of the third quarter in 2007.

“In the current quarter, Bharti Airtel has further consolidated its leadership position in the wireless market. We believe that the current growth momentum will receive further boost with our focus on setting new benchmarks in the market by driving affordability and availability. With aggressive expansion particularly in rural India, we are in a strong position to continue leading the telecom revolution in the country,” said Mr Sunil Mittal, Chairman & Managing Director, Bharti Airtel Ltd.

More Stories on : Financial Performance | Telecommunications | Bharti Tele-Ventures Ltd

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