Bharti Airtel, a large Indian telecommunications service provider, posted strong revenue and profit growth for the quarter ended June 30, riding on the boom in the country's mobile services market.
The company posted revenue of 84.8 billion Indian rupees (US$2 billion as of the last day of the quarter), up by 44 percent on the same quarter a year ago. The company's profits were up 34 percent to 20 billion rupees.
arkets, a new opportunity identified by operators. The number of rural subscribers at the end of March were 62 million, up by 19 percent from the number of subscribers at the end of December, TRAI said.

NEW DELHI: Mobile operator Bharti Airtel Ltd beat forecasts on Thursday by grossing a 34 per cent rise in quarterly profit, sending its shares up 5 per cent.
"It has been a particularly strong quarter, with monthly customer adds crossing the 2.5 million mark," Chairman and Managing Director Sunil Mittal said in a statement.
lion a year earlier. Revenue rose by 44 per cent to Rs 84.83 billion.

MUMBAI, July 24 (Reuters) - The following stocks were on the move at the BSE on Thursday.
At 1.16 p.m. the benchmark 30-share BSE index was down 1.44 percent at 14,726.80 points.
sed dlr premia-July 24

By Devidutta Tripathy NEW DELHI, July 24 (Reuters) - Bharti Airtel Ltd (BRTI.BO: Quote, Profile, Research), India's top mobile operator, beat forecasts on Thursday with a 34 percent rise in quarterly profit as it rode a boom in the world's fastest-growing wireless market, sending its shares up 5 percent.
Indian mobile operators have been adding more than 8 million subscribers a month, thanks to call rates of as low as U.S. 1 cent a minute and affordable handsets starting from $15, and as operators expand their network to smaller towns and villages.
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By Saikat Chatterjee and Harichandan Arakali July 24 (Bloomberg) - Bharti Airtel Ltd., India's largest mobile-phone operator, reported first-quarter profit that beat analysts' estimates after adding a record number of users by cutting call rates.
Net income rose 34 percent to 20.3 billion rupees ($485 million) for the three months ended June 30, from 15.1 billion rupees a year earlier, New Delhi-based Bharti said today. Profit beat the 19.4 billion rupee median estimate of seven analysts surveyed by Bloomberg.
y Stock Exchange, after earlier gaining as much as 5.5 percent. The shares have declined 18 percent this year, compared with the benchmark Sensitive Index's 27 percent drop. Reliance has lost 32 percent in the period.