Airtel 2012 Annual Report Download - page 8

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6
BHARTI AIRTEL ANNUAL REPORT 2011-12
Dear Shareholders,
2011-12 has been a challenging year for the global
economy. Even as the US economy has registered a slow
but steady recovery, the Euro Zone has plunged into one
of the worst debt crises in global history. Commodity price
volatility and sharp exchange rate fluctuations have also
taken their toll on global growth.
At the industry level, telecom is in the midst of a tectonic
shift. Data is clearly the future of mobile telecom and
Airtel is gearing itself up for this. New generation
mobile technologies with much faster data capabilities
are steadily taking root, opening up mind-boggling
possibilities in new service areas like healthcare, banking,
commerce and education. Still at an early stage of this
shift, as voice continues to be the mainstay of the telecom
industry, Airtel has taken some defining early initiatives
to reinforce our leadership in the emerging data centric
environment, much the same way as we enabled the ‘voice
revolution’ in India.
During the year, Bharti Airtel led from the front as we
systematically rolled out our 3G network, across India,
making Airtel the most robust network in the country.
We also launched our 3G networks in seven African
markets. Our launch of 4G services in April 2012 marked
another watershed for the Indian telecom industry. This
is the first technology platform that India has launched
simultaneously with its global release, helping move the
Indian telecom industry to a global standard.
Chairman
Message
At the industry level, telecom is in the midst of a tectonic shift.
Data is clearly the future of mobile telecom and Airtel is gearing
itself up for this.
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6
BHARTI AIRTEL ANNUAL REPORT 2011-12