The counter moved up on good buying support after the company announced that it has applied for six new cellular licences. This will give the company a presence in almost all of India.
Bharti Cellular, a subsidiary of BTL, is said to have applied for cellular licence in six new circles - Bihar, Jammu & Kashmir, Orissa, Rajasthan, Uttar Pradesh (East) and West Bengal including Andaman & Nicobar. Bharti Cellular has licence to operate in 15 telecom circles.
For the second quarter ended 30 September 2003, on a consolidated basis, Bharti Tele-Ventures reported a net profit of Rs 93.33 crore, compared to a net loss of Rs 129 crore in the corresponding period of the previous year.
