Telecom Sector

Reliance Communications posts 48% rise in Q3 consolidated net profit

Bharti Airtel posts 42% surge in Q3 net profit

Indian telecom giant, Bharti Airtel has declared its third quarter results. The company has posted 42 % surge in its net profit at Rs 1,722 crore for the quarter ended December 31, 2007 as compared to Rs 1,215 crore in the corresponding period last fiscal.

Total revenue of the company also grew by 41% to Rs 6,682.57 crore for the third quarter this fiscal from Rs 4,723.68 crore during the corresponding period previous year.

The company has posted above mentioned figures, on the back of a record addition to its subscriber base. The company added highest ever-net addition of 63.9 lakh customers in a single quarter.

Kavveri Telecom arm acquires Spotwave Wireless; Stock up 5%

BSNL may consider 10% equity dilution, IPO release by next year

Airtel announces Free Upgrade to SMS 2.0 in partnership with Affle

TTML Buy Call

Tata Teleservices (Maharashtra) Ltd (TTML) is looking good for intraday trading. Stock market analyst Sudarshan Sukhani has recently given a buy call for TTML in short to medium term.

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