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Investor Presentation Bharti airtel limited May 2012

Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

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Page 1: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

Investor Presentation

Bharti airtel limitedMay 2012

Page 2: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

Disclaimer

The information contained in this presentation is only current as of its date. All actions and statements made herein or otherwise shall be subject to theapplicable laws and regulations as amended from time to time. There is no representation that all information relating to the context has been takencare off in the presentation and neither we undertake any obligation as to the regular updating of the information as a result of new information, futureevents or otherwise. We will accept no liability whatsoever for any loss arising directly or indirectly from the use of, reliance of any informationcontained in this presentation or for any omission of the information. The information shall not be distributed or used by any person or entity in anyjurisdiction or countries were such distribution or use would be contrary to the applicable laws or Regulations. It is advised that prior to acting upon thispresentation independent consultation / advise may be obtained and necessary due diligence, investigation etc may be done at your end. You mayalso contact us directly for any questions or clarifications at our end.

This presentation contain certain statements of future expectations and other forward-looking statements, including those relating to our generalbusiness plans and strategy, our future financial condition and growth prospects, and future developments in our industry and our competitive andregulatory environment In addition to statements which are forward looking by reason of context the words ‘may will should expects plans intendsregulatory environment. In addition to statements which are forward looking by reason of context, the words may, will, should, expects, plans, intends,anticipates, believes, estimates, predicts, potential or continue’ and similar expressions identify forward looking statements.

Actual results, performances or events may differ materially from these forward-looking statements including the plans, objectives, expectations,estimates and intentions expressed in forward looking statements due to a number of factors, including without limitation future changes ordevelopments in our business, our competitive environment, telecommunications technology and application, and political, economic, legal and socialconditions in India. It is cautioned that the foregoing list is not exhaustiveg g

“The information contained herein does not constitute an offer of securities for sale in the United States. Securities may not be sold inthe United States absent registration or an exemption from registration under the U S Securities Act of 1933 as amended Any publicthe United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Any publicoffering of securities to be made in the United States will be made by means of a prospectus and will contain detailed information aboutthe Company and its management, as well as financial statements. No money, securities or other consideration is being solicited, and,if sent in response to the information contained herein, will not be accepted.”

Investor Relations :- http://www.airtel.inFor any queries, write to: [email protected]

Page 3: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

B2C Airtel Business

The Company...Bharti airtel – An Integrated Operator

Mobile Services

Enterprise Services

Passive Infrastructure

ServicesTelemedia Services

Digital TVServices

Cellular mobile services across 20 countriesCustomer and revenue market 

Offers fixed telephony and broadband internet (DSL + IPTV)

Bharti Infratel owns 33,326 towers across 11 circlesOwns 42% stake 

Services to large enterprises and carriersServes as single point of contact 

Pan India DTH operations7.23 mn customersCoverage across

leader in India~241 million wireless subscribers globally, as of 

Customer base of 3.3 million; large broadband & internet customers

in Indus Towers, amongst the largest independent tower companies in the world with

for all telecom needs Global infrastructure of over 225,000 

Coverage across 609 districts

Q4FY12 customersServices provided across 87 cities

in the world, with  109,114 towers across 15 circlesAverage tenancy ratio of ~1.89

Rkms covering 50 countries across 5 continents

Fully integrated telecom player offering end‐to‐end solutions 

Page 4: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

The Company…Bharti airtel

No. of circles (India) Today Countries1 5 15 22 20

1996 2001 2003 2004 2012

Fully integrated telecom player offering end to end solutions and entering new geographies

Page 5: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

Growth trajectory reflected in the numbers

Single Circle Operator Company Profile Largest integrated private telecom

1996 2012Single Circle Operator Company Profile Largest integrated private telecom

operator

< 25k Customers ~ 252 mn

USD 17 mn R USD 15 b~ USD 17 mn Revenue ~ USD 15 bn

~ USD 2.5 mn EBITDA ~ USD 5 bn

~ USD 1.4 mn Cash Profit ~ USD 4 bn

~ USD 16 mn Market Capitalization ~ USD 25 bn

Continuing on our journey of Value Creation

Note: 1) 2012 financials are as per FY 2012 results. 2) Exchange rate: Financials as of 31st Mar 12 : Rs 51.16

Page 6: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

Financials & Positioning

Positioning in the world & in India3rd LARGEST in country wireless operator in the

Key financial metrics

FY 12 (in Mn)

Customers 251.6

3rd LARGEST in ‐country wireless operator in the 

world (1)

LARGEST private INTEGRATED telecom company in Revenue $ 14,937

EBITDA $ 4,957

Cash Profit $ 4 282

India

5th LARGEST Mobile telecom operator in the world

Cash Profit $ 4,282

Net Income $ 890

EBITDA Margin (%) 33.2

Amongst the largest providers of Passive 

infrastructure (by towers) (2)

ROCE (%) 7.2

Note: FY11 numbers are as per IFRS as per March12 quarterly report. Exchange rate for Re to $ conversion: 51.16.    (1) 3rd largest wireless operator in the world refers to in‐country (single country) operator based on the number of subscribers. 5th largest mobile operator on basis of number of subscribers.(2) Through its subsidiary Bharti Infratel & Indus Towers in which Bharti Infratel owns 42%  stake.

Page 7: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

Latest Results – 4Q’12

Key operating and financial metrics Continued Strong Performance

Q4 FY 12* Y‐on‐Y

Customers 251.6 mn

Wireless CMS 19.7%

Wireless RMS 29.7%

Total minutes on network carried in Qtr, net ofRevenue $ 3,723 mn 15%

EBITDA $ 1,239 mn 14%

Total minutes on network carried in Qtr, net of 

eliminations  265 bn 

Balance sheet strength:

$ bCash Profit $ 1,065 mn 10%

Net Income $ 200 mn ‐28%

Assets $ 30.7 bn

Net debt  $ 12.7 bn

Net debt to EBITDA  2.6 TimesEBITDA Margin 33.3%

ROCE 7.2%

(annualized)

Continues to be FCF positive on at South Asia 

Level.

•Includes  full quarter numbers for Africa• (a) Closing Exchange rate as of 31st March 2012: 51.16 . (b) Average Exchange rate as on 31st  March 2012 : 50.30  •**RMS as per  Dec  quarter released by TRAI

Page 8: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

Performance dashboard - 3 line graph

184,767 187,294

69.9% 71.2%68.6%

70 9%71.1%180,000

190,000

70%

80%

162,930 169,749172,698

70.9%

160 000

170,000

venu

e (R

s.m

n)

50%

60%

44.8% 44.6% 44.5% 45.4% 44.4%150,000

160,000

Tot

al R

ev

40%

50%

140,000Q311 Q411 Q112 Q212 Q312

30%

Total Revenue (Rs. Mn) (LHS) Opex to Total Revenue (RHS) Capital Productivity (RHS)

Productivity Indicators = growing revenues + cost efficiencies + capital productivity

The above chart is for Airtel Consolidated including Africa

Page 9: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

Wireless Services

Page 10: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

Indian Market

Overall Telecom Market Wireless Market

Population 1 2 billion Sub Base   c.919.2 mn Population  1.2 billion

→ Relatively large youth population

Telecom penetration c.78.5% 

Wireless Penetration   c.75.9%

Operational metrics per month(~951.3 mn telecom subs) 

Sub number should go upto 1 Billion by 2015

Broadband penetration  1.1% (13.8 mn)

Usage per user 330 min

ARPU ~ US$ 3.06

Rate per minute ~ US$ 0.01→ Govt. target to reach 20 mn. Broadband subs by 2012

VAS  ~ 13.7%

Lot of opportunity ahead….

Note: (1) Subscriber numbers and wireless penetration numbers as on March 31, 2012 are as per TRAI (2) Other indicators on the slide are based on Global Wireless Matrix 1Q12 dated 19th April12 by Merrill Lynch, and reflective of Industry numbers.

Page 11: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

Rapidly Growing Indian Wireless Market

Net Adds in Mar 8.0 Mn… less than over last 3 months average run rate of 8.9 Mn S-curve triggered

70%

80%

90%

800

1,000

20

25

Closing Subs Net Adds

30%

40%

50%

60%

%

400

600

800

Milli

ons

10

15

20

0%

10%

20%

1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019-

200

b-06

n-06

ct-0

6b-

07n-

07ct

-07

b-08

n-08

ct-0

8b-

09n-

09ct

-09

b-10

n-10

ct-1

0b-

11n-

11ct

-11

b-12

-

5

India ‐ Fastest Growing Market in the World

Fe Ju Oc

Fe Ju Oc

Fe Ju Oc

Fe Ju Oc

Fe Ju Oc

Fe Ju Oc

Fe

India  Fastest Growing Market in the World

Note: (1) Actual Data as per Industry Association Releases and Industry Estimates in India.  

Page 12: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

Wireless Market Structure in India

Subscriber Trends C stomer Market Share CMS (%)Subscriber Trends Customer Market Share – CMS (%)

181

153 150162

160180200

19.7%20.0%21%

23%

25%

153 150

104113

82

136136 135

97 90 89103

6080

100120140160

(mn)

11.3%

8.9%

16.7% 16.4%

12.3%

14.8%

16.7%16.6%

12.0%

11.0% 11.0%

12.7%

11%

13%

15%

17%

19%

19 17 167

2333

-2040

Airte

l

Rel

ianc

e

dafo

ne

L+M

TNL

Idea

Tata

Oth

ers

8.9%

5%

7%

9%

Airte

l

Rel

ianc

e

Voda

fone

SNL+

MTN

L

Idea

Tata

Oth

ers

• Ai l i l lid i i k l d hi i i d i i i i

R Vo

BSN

L

Mar- 12 Mar- 11 Net adds during the year

BS

CMS(Mar '12) CMS(Mar'11)

• Airtel continuously consolidating its market leadership position despite intense competition• Airtel current monthly net adds at 2.5 million vs. 3.2 million a year ago• Airtel ranks 1& 2 in 16 circles in terms of number of subscribers• Over 65% of net adds coming from B&C circles (rural India)

Airtel Continues to lead on Revenue Market Share 

Note: Based on subscriber data for India as on  March 31 2012 as per TRAI press release. 

Page 13: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

Airtel…Performance Indicators (Operational)Customers & Market Share Prepaid/Postpaidp p

20.0% 19.9% 19.8% 19.8% 19.7%

150

200

18%

22%98.1% 97.3%

93.7% 96.2%95.8%

94%

98%

102%

162.2 169.2 172.8 175.7 181.3

50

100

10%

14%

96.3% 96.3% 96.3% 96.3% 96.3%

82%

86%

90%

ARPU & RPM MoU/Sub/Month & MON

0Q411 Q112 Q212 Q312 Q412

6%

Cust omers (mn) CMS (%)

78%Q411 Q112 Q212 Q312 Q412

Prepaid Subs Prepaid Net Adds

194 190183 187

189

40

50

60

200

250

300 449 445 423 419 431

218,190 228,331

242,683

227,115

238,779

430

440

450

150 000

200,000

250,000

43.13 42.76 43.18 44.56 43.83

10

20

30

0

50

100

150

400

410

420

430

0

50,000

100,000

150,000

-Q411 Q112 Q212 Q312 Q412

0

RPM (Paise) ARPU (INR)

400Q411 Q112 Q212 Q312 Q412

0

M oU/Sub (M in) Total minutes on Network (M n M in)

Page 14: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

Current positioning and way forward…

Leadership Positioning Growth strategy and plans

RevenueRevenue New RevenueRevenueRevenue New Revenue Streams

Revenue size (>$ 12Bn)

Revenue Market Share

Changing face of growth through M‐Com,  M‐entertainment & 3G

Cost

Non financial Maximizing

Net AddsImproving cost efficiencies

L t t GSM t kDriven by rural strategy

vitals usage

BrandDistribution Churn lower than industrySpectrumMix (900/1800 MHz)

Lowest cost GSM network

Increasing the usage through U&R driveWallet share  

Spectrum Mix (900/1800 MHz)

Page 15: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

Telemedia Services

Page 16: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

A Snapshot

Largest private operator having presence in the voice , broadband , IPTV and data.

Focus on SMB segment & Broadband at Homes

Key Performance Indicators 

1. Voice (wire‐line) and Data (DSL) Presence in 87 top cities of India.

2. Target Segment : Retail and Small and Medium Enterprises.

3. Customer base: 3.3 million (end March 2012)

4. Broadband (DSL with speeds>256 kbps) penetration at 42.4% of customer base.

5. Average ARPU for Quarter ended  Dec’11 $ 18.6 per month.

6. Segment contributing to 7% of overall revenues of the company.

7 EBITDA i f 41 0%7. EBITDA margin of over 41.0%.

Broadband revolution to follow wireless revolution in India

SMB opportunity across ICT stream

Page 17: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

Digital Services

Page 18: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

A Snapshot

Launched “Airtel Digital TV” service in October 2008 as fifth operator providing Direct‐to‐Home (DTH) services in India

C t b ib b f ~7 2 illi tCurrent subscriber base of ~7.2 million customers

– Adding 1 out of every 4 new customers joining the DTH platform

– Currently offer a total of 310 channels including 14 HD channelsCurrently offer a total of 310 channels including 14 HD channels and 7 interactive services

Present across 609 districts , partnering with local service partners to provide customer service and operate call centersprovide customer service and operate call centers

Also offer High Definition (HD) Set Top Boxes and Digital TV Recorders with 3D capabilities delivering superior customer experience

Key Performance Indicators  (Q4‘12) 

– Revenue:  Rs.3,565 Million (3% Segment Contribution Share)

– EBITDA: Rs. 209 Million (5.9% EBITDA Margin)EBITDA:  Rs. 209 Million  (5.9% EBITDA Margin) 

– Average ARPU of $3.3 per month for quarter ended Mar’12 ___________________________Source: Company Filings

Page 19: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

E i S iEnterprise Services

Page 20: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

A Snapshot

Enterprise Services provides a broad portfolio of services to large Enterprise and Carrier customers

Corporates: Single point of contact for all telecommunication needs for Top 2500 corporate customers, 

providing full suite of voice, data, and managed communications solutions  p g f f g

Carriers: Wholesale voice and data services to over 130 domestic and 450 international 

telecommunications carriers, as well as ILD and NLD carriage for Airtel’s own customers 

E t i ti l d i t ti l i f t tExtensive national and international infrastructure 

Pan‐India network with 157,886 Route kms of optical fiber, over 4,150 MPLS and SDH POPs

Access network (terrestrial) in 87 cities, Wimax network in 143 cities, and over 1,500 local POIs 

International network with 225,000 Route Kms, connecting over 50 countries and 5 Continents.

Key Performance Indicators  (Q4‘12)

NLD Minutes Carried: 21.6 Billion ; ILD Minutes Carried: 3.5 Billion 

Revenue:  Rs.11,209 Million (8% Segment Contribution Share)

EBITDA:  Rs. 1,631 Million  (14.5% EBITA Margin) IT A: Rs. ,63 Million ( 4.5% ITA Margin)

Page 21: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

Emerging Growth EnginesEmerging Growth Engines

Passive InfraAfricaAfrica

Page 22: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

Financial Performance – Passive Infra

Revenue EBITDARevenue EBITDA

183

192

182 180186

200

37.0 37.7 37.5 37.3 38.6

493

509

486482 481

510

140

160

180

450

480

100

120

Q411 Q112 Q212 Q312 Q412390

420

Q411 Q112 Q212 Q312 Q412

Focus on tenancy enhancement…driving Revenue & Profitability

The above nos for Revenue & EBITDA are in IFRS as per Quarterly Report & includes proportionate share (42%) in Indus . 

Page 23: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

Operational Performance – Passive Infra

Infratel Indus

Towers (nos) & Sharing Factor Towers (nos) & Sharing Factor1.83 1.87 1.89 1.91 1.94112,000 2.00

1 821.81

34,000 1.90

108,586 108,922 108,998 109,101 109,114102,000

107,000

1.40

1.60

1.80

33,32633,20333,05632,942

32,792

1.821.811.791.77

1.73

33,000

1.50

1.60

1.70

1.80

Sharing Revenue per Sharing Operator per Month (Rs) Sharing Revenue per Sharing Operator per Month (Rs)

97,000Q411 Q112 Q212 Q312 Q412

1.20

No of t owers Sharing Fact or

32,000Q411 Q112 Q212 Q312 Q412

1.40

No of t owers Sharing Fact or

36,599 3620337,117 37,623

38,400

33,000

37,000

41,00032,56332,272

3111231963

30,501

25,000

30,000

35,000

25,000

29,000

Q411 Q112 Q212 Q312 Q412

Shar ing Revenue per Shar ing Operat or per mont h

15,000

20,000

Q411 Q112 Q212 Q312 Q412

Sharing Revenue per Sharing Operat or per mont h

Aims to enhance the tenancy ratio & be the preferred choice of vendor for all existing and new operators

Page 24: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

Transaction Rationale

Shareholding and Management Control

Brand – ‘Airtel’

100% Cash Transaction

Focus on CoreMiddle EastGlobal

Clean / certaintyof transaction

Brand Airtel Middle East Operators

Global Stature

Emerging Market Characteristics

St Pl tf

ManageableDeal Size

Strong Platformfor Future Expansion

Low Competitive Intensity

Diversification of India Risk

Avoid Greenfield

Speed inTransaction

Repayment of Debt

Significant Synergies

Avoid Greenfield Debt

The transaction meets the objectives of Airtel with long term strategic benefits and creates tremendous shareholder value

Page 25: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

Differences between the two markets

Mobile Penetration 46%76%

India Africa(1)

Average Number of Competitors 3‐510‐12

Business Model

Minutes of Usage

Low usage, high pricing model

~122

High usage, low pricing model

~431Minutes of Usage

ARPU (US$)

122

~$6.8

431

~$3.8

ARPM (US cents ¢) 5.6¢0.9¢

A d th f h t itAnd therefore huge opportunity space

Source: Global Insight, annual / quarterly reports.1. Data pertaining to the 17African countries where Zain Africa has operations.

Page 26: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

Another Growth Engine - Africa

Customer  Base : 53.1 Mn

Performance Indicators (CY 2012):

Revenue: $ 4,137 Mn

EBITDA: $ 1,097 Mn

Prepaid Base: 99.3%

→one of the highest in the→one of the highest in the world

Usage per sub per month: 122 Minutes

→one of the lowest o e of e o es

ARPU: ~ US$ 6.8

Rate per minute: ~ US¢ 5.6

→ one of the highest

VAS: ~ 8.6%

→One of the lowest

Note: Above numbers based on Quarterly report ended 31 Mar ,2012. 

Page 27: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

Recent Honors

Page 28: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

Bharti airtel – Leadership in business Recent Honours

Sunil Bharti Mittal,Chairman & Group CEO

Global Game changer at Economic Times Telecom Awards 2011.

‘Telecom Center of Excellence (TCOE) Award’ for Service Provider with customer focus for best delivery of Network Services - for the year 2011.

Placed among the top 200 brands globally in the annual survey undertaken by Brand Finance, an international agency

Rajan Bharti Mittal, Vi Ch i & MD

Global Telecom Leader ‐ Voice & Data magazine

Won in 4 Categories : ‘Best National Mobile Operator’, ‘Best VAS Provider’, ‘Best Enterprise Services Provider’ , ‘Best Ad Campaign by an Operator’ at the Telecom Operator Awards 2012.

Ranked first in ‘India’s Buzziest Brands’, a survey conducted by agency faqs, a media communication portal

Vice Chairman & MD

CA Business Achiever Award by Institute of Chartered Accountants of India

'The Most Impactful HR Practise Award for the 'use of mobile technologies for employee services' at the recently concluded National C f b th NHRD i

Airtel money won the ‘Best Innovation’ awards at the Telecom Operator Awards 2012

Akhil Gupta,Conference by the NHRD in Bangalore..

Won the ‘Golden Peacock

National Quality Award’ for the

Akhil Gupta, Deputy Group CEO & MD CA Business Achiever Award in 2009 CFO India Hall of Fame by CFO India

Conferred the prestigious ‘NDTV

Profit Business Leadership Awards

Manoj Kohli,CEO (International) & Joint MD

Telecom Man of the year by Tele.net in Apr’10

year 2011India

2011’ in the Teleocm Sector

category

Airtel digital TV (HD) was recognized as the pAirtel digital TV (HD) was recognized as the ‘Product of the year 2012’, by AC Nielsen, an international research firm.

Page 29: Bharti airtel limited - Amazon S3 · Growth trajectory reflected in the numbers Single Circle Operator Company Profile Largest integrated private telecom 1996 2012 Single Circle Operator

thank youthank you