Telecom Lead India: Bharti Airtel has lowered its telecom
Capex by 48 percent to Rs 2,380 crore in fourth quarter of fiscal 2011-12 from
Rs 4,548 crore in same period previous fiscal.

Airtel Africa’s Capex during Q4 stood at $254 million
against $382 million, down 33 percent.

Bharti Airtel, according to its quarterly result, spent Capex
of Rs 465 crore in Q4 2011-12 for consumer business against Rs 1,669 crore in
Q4 2010-11, showing a significant drop of 72 percent.

Decrease in Capex has already affected telecom equipment
vendors such as Ericsson, Nokia Siemens, Alcatel-Lucent, ZTE, Huawei, NEC,
Cisco, ITI, etc.

Ericsson
India posts 55 percent decrease in Q1 2012 revenue to SEK 1.4 billion

Ericsson India posted 55 percent decrease in revenue to SEK
1.4 billion in Q1 2012. Among the regions, India showed the worst performance
for Ericsson. According to Ericsson, regulatory uncertainty continued with
Supreme Court ruling to revoke 122 2G licenses.

Airtel’s Capex towards telemedicine was Rs 158 crore in
fourth quarter, down 32 percent. For digital TV, the operator spent around Rs
98 crore against Rs 198 crore in Q4 2010-11.

The decrease in Capex is despite overall customer base growing
to 252 million, across 20 countries. Telecom market uncertainties have affected
Airtel’s Capex plans.

Airtel revenue
up 20% to Rs 71,451 crore; profit down 30%

Bharti Airtel has posted Rs 71,451 crore revenue in fiscal
2011-12, up 20 percent compared with the same period last fiscal. India &
South Asia revenues increased 11.6 percent to Rs 51,893 crore. Africa revenues
grew 43.7 percent to $4,137 million.

Airtel posted a 30 percent drop in profit to Rs 4,259 crore in
fiscal 2011-12 against Rs 6,047 crore in FY 2011. The substantial decrease in
net profit was due to several cost implications.