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| Demand for mobiles boosts Bharti | Demand for mobiles boosts Bharti |
| (7 days later) | |
| The telecoms arm of Indian group Bharti has reported a 79% rise in quarterly profits as growing prosperity has meant more people are getting a mobile phone. | The telecoms arm of Indian group Bharti has reported a 79% rise in quarterly profits as growing prosperity has meant more people are getting a mobile phone. |
| Bharti Airtel said low tariffs and rising middle class incomes allowed it to win four million new customers between July and September this year. | Bharti Airtel said low tariffs and rising middle class incomes allowed it to win four million new customers between July and September this year. |
| This helped it to net profits of 9.34bn rupees ($947m; £501m) in the period. | This helped it to net profits of 9.34bn rupees ($947m; £501m) in the period. |
| India now has about 129 million mobile phone users - which equates to about one in nine of the population. | India now has about 129 million mobile phone users - which equates to about one in nine of the population. |
| However, it still lags well behind China which has 430 million users in a population of 1.3bn. | However, it still lags well behind China which has 430 million users in a population of 1.3bn. |
| Bharti Airtel boasts 27.1 million subscribers in 4,000 towns and cities across India. It also offers broadband and landlines to 1.6 million customers. | Bharti Airtel boasts 27.1 million subscribers in 4,000 towns and cities across India. It also offers broadband and landlines to 1.6 million customers. |
| "I believe the momentum in customer addition should continue and have no reason to believe growth in subscribers and revenue will fall," said the firm's co-managing director Akhil Gupta. | "I believe the momentum in customer addition should continue and have no reason to believe growth in subscribers and revenue will fall," said the firm's co-managing director Akhil Gupta. |