Bharti Airtel is one of the top companies in mobile phone sector of India. It has many customers. Bharti Airtel has announced that in the fourth quarter they made significant amount of profit.
AFP reported:
India's top mobile phone company Bharti Airtel on Friday reported fourth-quarter net profit leapt 37 percent on surging cellular phone use and it forecast a second growth wave from rural areas.
Net profit for the three months to March 31 soared to 18.5 billion rupees (462 million dollars) from the same period a year ago, beating analyst estimates of about 18 billion rupees, the New Delhi-based company reported.
I am not surprised at this report because Indian telecom industry has been witnessing a huge boom. In fact, the main demand has come in the mobile phone market and Indian has now, I think, more than two hundred million mobile phone users. So, Bharti Airtel is making the best out of this telecom boom. In fact, India has the fasted growing mobile phone market in the world. I guess that it is time for Bharti Airtel to expand its business outside of India and buy some mobile phone companies in different parts of the world.
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