Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…
A day after 3 million subscribers of Loop Mobile have been integrated into the Airtel’s network following a strategic agreement between them, the largest operator in India in terms of customers, claimed that it has crossed 200 million mobile subscriber mark in India.
“We are delighted to have reached this major milestone. It is gratifying to see the trust our customer shave reposed in our brand and it will be our endeavor to continue delighting them with innovative and world-class services. We will also continue to invest towards building a robust data network of the future and be at the forefront of India’s mobile broadband revolution,” Gopal Vittal, Joint MD& CEO, Bharti Airtel India said in a statement today.
Airtel launched its mobile operations in India in 1995. Since then it has been at the forefront of India’s mobile revolution that has empowered millions across the length and breadth of the country. In the year 2009 the operator crossed the 100 million mobile customers mark in India. It has the largest rural mobile customer base in India with over 88 million mobile customers (from rural markets).
Now it has operations in 20 countries across the Asia and Africa. The Company ranks as the fourth largest mobile operator in the world in terms of subscribers.
According to the company, its distribution channel is spread across 1.5 Mn outlets, with network presence in 5,121 census and 460,655 non-census towns and villages in India covering approximately 86.7% of the country’s population.
Apart from services like Mobile TV, video calls, live-streaming videos and gaming, the company has widest 3G footprint in India and is the only mobile operator in India to offer 4G services using TD-LTE technology.
Bharti Airtel – Key Milestones
1994 – Wins GSM licenses for mobile service in Delhi & NCR.
1995 – Launches services under the ‘Airtel’ brand name.
1997 – Becomes the first mobile service provider in the country to cross 100,000 customer mark.
1998 – Launches India’s first private fixed line service in Indore, Madhya Pradesh.
2001 – Network i2i, India’s first submarine cable company launched with SingTel.
2002 – Goes public, completes India’s first 100% book building issue.
2002 – Becomes India’s first private telecommunications service provider to launch International Long Distance services.
2005 – First private service provider in India to have an All-India telecom footprint.
2008 – Crosses 60 million customer mark. Launches DTH services.
2009 – Crosses the magical 100 million customer mark.
2009 – Expands operation to Sri Lanka.
2010 – Expands operations to Bangladesh.
2010 – Announces acquisition of Zain telecom.
2011 – Launches 3G services and ‘airtel money’ in India.
2012- Becomes the first Indian telco to launch 4G services.
2014- Becomes the first Indian telco to offer 4G service on mobile phones.