Bharti Airtel Ltd.

Bharti Airtel’s wholly owned subsidiary, Bharti Airtel Nigeria B.V., has acquired an additional 13.36% equity stake in Airtel Networks, Nigeria from certain existing shareholders. Pursuant to this acquisition, Bharti Airtel Nigeria B.V. now owns 79.06% equity stake in Airtel Networks, Nigeria.

Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.

The company’s net profit for third quarter ended December 31, 2012 declined by 47.01% at Rs 750.30 crore as compared to Rs 1416.00 crore for the quarter ended December 31, 2011. Total income has increased marginally by 5.45% to Rs 11344.00 crore for the quarter under review from Rs 10757.60 crore for the corresponding quarter of the previous year.