Bharti Televentures Ltd on Friday announced that under its flagship brand Airtel had achieved a landmark by crossing one million customers in landline and broadband services.
Airtel, which started its services on June 4, 1998, is providing broadband and telephone services in 66 cities and in 14 circles. It also announced that it would further expand its operations to 14 more cities. For this, it will make an investment of Rs 1,500 crore by the end of the current financial year, thus taking its cumulative investment on broadband and telephone services to more than Rs 3,500 crore.
Making the announcements, Rajan Bharti Mittal, Joint Managing Director, Bharti Televentures, said, “We have come a long way since our inception, growing at a pace of 50 per cent per year. We have once again proved that a company with dreams and passion can make a difference.”
Elaborating on Bharti Televentures’ future plans, its Executive Director K Krishnan said, “Given the pace at which we are growing, along with our expansion plans, we have set the target of 2.5 million customers by March 2007.”
Badri Agarwal, President, Infotel Business Group, Bharti, felt that the expansion plans in key cities would also help the country achieve 20 million broadband customers and 40 million Internet customers by 2010.
Bharti Televentures, which has approximately 12.79 million mobile customers, reported a 70 per cent growth in its net profit to Rs 510 crore for the quarter ended June 30, 2005.