Telecom Sector

BSNL cuts international call rates to SAARC countries

BSNL cuts international call rates to SAARC countriesNow, BSNL customers can avail lower ISD call rates for the South Asian Association of Regional Cooperation (Saarc) countries. The state-run telecom company slashed call rates by 15-35 percent on Sunday. The decision would cover landline as well as mobile customers.

The call rates for Pakistan, Bangladesh, the Maldives and Bhutan would be Rs.9 per minute instead of the existing Rs.10 under post-paid plan of Rs 725.

Call charges for BSNL fixed line users would now be Rs.9.60 per minute for a 7.5 second pulse.

BSNL slashes its call rates to the SAARC countries

Bharti Q2 Revenue Up 42% At Rs 9020 Crore

Bharti Q2 Revenue Up 42% At Rs 9020 CroreBharti Airtel Limited, India’s leading integrated telecom services provider, has declared the results for the three and six month period ended September 30, 2008.

The company has once again maintained its strong growth momentum.

For the quarter, the consolidated total revenues grew 42% to Rs 9,020 crore, while EBITDA stood at Rs 3,699 crore, up 37%, on a year on year basis.

The company’s net income for the three-month period ended Sep 30, 2008, rose 27% to Rs 2,046 crore over last year.

Vodafone Enters Into Partnership With Russia's MTS

Vodafone Enters Into Partnership With Russia's MTSBritish telecom firm Vodafone has clinched a strategic partnership with Russia-based Mobile TeleSystems (MTS) OJSC, which includes collaboration on future technological developments.

According to the sources, the non-equity partnership agreement has been signed to offer clientele with high quality communication services.

The pact would also offer Mobile TeleSystems (MTS) access to products, services and devices from Vodafone for its markets of operation in Russia, Ukraine, Uzbekistan, Turkmenistan and Armenia.

Unitech to sell 60% stake in Telecom arm to Telenor

Unitech to sell 60% stake in Telecom arm to Telenor

Telenor announces third-quarter earnings, India investment plans

Oslo - Norwegian telecommunications group Telenor on Wednesday posted an increase in pre-tax profit and sales for third- quarter of 2008 and unveiled plans to expand into India.

Earnings before interest, taxes, depreciation and amortization (EBITDA) were 10 billion kroner (1.44 billion dollars), compared to 9.48 billion kroner in the corresponding business period of 2007.

Sales increased year-on-year from 26.6 billion kroner to 27.6 billion kroner, the group said.

Chief executive Jon Fredrik Baksaas said Telenor had 159 million mobile telephone subscriptions at the end of the quarter.

Baksaas said the business environment was "currently more turbulent, and we foresee a period with lower global growth."

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