Bharti Airtel Q2 Profits Down 27%, Vodafone(IN) Service Revenues Up 28%

Two of India’s major telecom operators Bharti Airtel and Vodafone Essar posted their revenue details for the last quarter. While one of them reported huge losses, the other is bathing in high net revenues. India’s top mobile phone operator Bharti Airtel reported a 27 per cent fall in profit for Q2. This has happened after being squeezed by a price war in India – world’s fastest-growing mobile market.

Whereas Vodafone Essar, India’s second largest telecom operator has reported a service revenue of   about Rs 6,442.6 crore in the second quarter of 2010-11. This is almost 28% from Rs 5045.2 crore in same quarter last year. However the revenues were down by 5.7% as compared to Rs 6,836.8 crore revenues that the company had reported in June quarter of FY10-11.

In June, Bharti had acquired telecoms operations in 15 African countries from Kuwaiti telcoms group Zain for a $9 billion deal. This deal had made it the world’s fifth-biggest mobile operator. For Vodafone, however, growth was driven by a 42.7% increase in the average mobile customer base.

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