India-based operator Bharti Airtel ended its fiscal third quarter (to 31 December 2010) with 207.8 million customers. In India the company had 152.50 million subscribers, up 28 percent year-on-year, and in Africa the company had 42.12 million customers. Airtel Sri Lanka had 1.8 million mobile customers, and Airtel Bangladesh reached 3.2 million subscribers at year-end. Total revenues were up 53 percent to INR 157.56 billion, from INR 103.05 billion in the third quarter last year. Revenues for the India and south-east Asia operations were INR 91.46 billion, growing 13 percent from INR 80.90 billion a year earlier, while revenues in Africa came in at USD 911 million in Q3.
The telemedia services business generated revenues of INR 9.07 billion, up 6 percent year-on-year, while the enterprise services business saw revenues slip 5 percent to INR 10.50 billion. Passive infrastructure services revenues were INR 21.97 billion, up 19 percent, and other revenues totalled INR 2.79 billion, up 98 percent. Total EBITDA reached INR 49.82 billion versus 40.82 billion a year earlier. Net income dropped 41 percent on adverse currency movements, brand re-launch costs, restatement losses, and increased spectrum charges. Bharti's third-quarter net income totalled INR 13.03 billion, compared with INR 21.95 billion.