OneSource Company Summary Report

Bharti Airtel Limited

7 March 2011

OneSource Company Summary Report for Bharti Airtel Limited

Bharti Airtel Limited

Bharti Crescent, 1,Nelson Mand Vasant Kunj, Phase II, New Delhi, 110070 India Tel: Fax: airtel.in 91-11-46666100 91-11-41666137 Employees: Company Type: Corporate Family: Ultimate Parent: Traded: Incorporation Date: Auditor: 24,501 Public Subsidiary 14 Companies Bharti Enterprises Limited Bombay Stock 532454 Exchange: 07-Jul-1995 S.R. BATLIBOI & ASSOCIATES Financials in: USD (mil)

Fiscal Year End: 31-Mar-2010 Reporting Currency: Indian Rupee Annual Sales: Net Income: Total Assets: Market Value: 8,813.8 1 1,930.7 15,837.4 2 27,902.9 (18-Feb-2011)

Business Description Bharti Airtel Limited is a telecommunication service provider in India. The Company is engaged in mobile services, telemedia services, enterprise services and infrastructure services. The mobile business offers services in India, Sri Lanka and Bangladesh. The Telemedia business provides broadband, Internet protocol television (IPTV) and telephone services in 89 Indian cities. The digital television business provides direct-to-home television services across India. The enterprise business provides telecom solutions to corporate customers and national and international long distance services to telcos. The Companys subsidiaries include Bharti Cellular Limited, Bharti Infotel Limited, Bharti Airtel Services Limited, Bharti Aquanet Limited, Bharti Hexacom Limited, Satcom Broadband Equipment Limited, Bharti Broadband Limited, Bharti Infratel Limited, Bharti Infratel Ventures Limited and Bharti Airtel (USA) Limited. For the nine months ended 31 December 2010, Bharti Airtel Limited's revenues increased 39% to RS432.02B. Net income decreased 33% to RS46.46B. Revenues reflect an increase in income from Mobile Services India and the presence of income from Mobile services Africa. Net income was offset by increased other operating expenses, higher depreciation & amortization expenses and higher share of loss of associated companies. Source: Reuters Industry Industry ANZSIC 2006: NACE 2002: NAICS 2002: UK SIC 2003: US SIC 1987: Communications Services 5802 - Other Telecommunications Network Operation 6420 - Telecommunications 517212 - Cellular and Other Wireless Telecommunications 6420 - Telecommunications 4812 - Radiotelephone Communications

Key Executives Name Vijaya Sampath Jai Menon Vineet Taneja Inder Walia Atul Bindal Significant Developments Topic Litigation Mergers / Acquisitions Divestitures / Spin-offs Restructuring / Reorganization Strategic Combinations #* Most Recent Headline 1 Bharti Airtel Limited Challenges Sri Lanka's Mobile Phone Price Plan-DJ 10 Bharti Airtel Limited Seeks To Delist Zambia Unit-Business Standard 1 Bharti Airtel Limited's Bharati Enterprises To Sell Stake In AXA's Unit To Bank of India-Reuters Date 18-Jul-2010 16-Feb-2011 24-Dec-2010 11-Aug-2010 15-Feb-2011 Title General Counsel, Company Secretary, Compliance Officer Group Director - Information Technology Operations Director - South Group Director - Human Resources President - Mobile Services Source Reuters Reuters OneSource Reuters OneSource

2 Bharti Airtel Limited To Integrate African Assets By Year End-Reuters 12 SOFTBANK CORP. to Tie up with China Mobile Ltd., Bharti Airtel Ltd. and Vodafone Group Plc-Nikkei

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OneSource Company Summary Report for Bharti Airtel Limited

* number of significant developments within the last 12 months News Title Winners Emerge in Airtel Feel Free Bonanza First Draw; Pensioner Wins First N1,000,000.00 prize; Teacher, Health worker, Others win LCD TV, Blackberry Phone PressWIRE (794 Words) INDIA HAD 548.66MLN ACTIVE SUBSCRIBERS IN JANUARY: VLR DATA Asia Pulse Businesswire (408 Words) 9 top firms add over Rs 69,000 crore in m-cap Daily Pak Banker (Pakistan) (194 Words) Jan 2011: India Has 11.21M Broadband Connections; 771.18M Mobile With 71.14% Active Medianama (India) (590 Words) Sensex, Nifty up by 4.44 pc past week Kashmir Times (India) (582 Words) Financial Summary As of 31-Dec-2010 Key Ratios Current Ratio (MRQ) Quick Ratio (MRQ) Debt to Equity (MRQ) Sales 5 Year Growth Net Profit Margin (TTM) % Return on Assets (TTM) % Return on Equity (TTM) % Source: Reuters Stock Snapshot Traded: Bombay Stock Exchange: 532454 As of 18-Feb-2011 Recent Price 52 Week High 52 Week Low Avg. Volume (mil) Market Value (mil) Financials in: INR 332.15 376.50 254.00 0.41 1,261,350.00 EPS Price/Sales Dividend Rate Price/Earnings Price/Book Beta 24.50 3.02 1.00 20.34 3.16 0.74 Company Industry 0.33 0.33 1.33 39.20 12.36 6.23 15.84 0.80 0.62 3.14 26.11 -1.42 -5.80 -44.70 Date 7-Mar-2011 7-Mar-2011 7-Mar-2011 7-Mar-2011 6-Mar-2011

4 Week 13 Week 52 Week Year to Date

Price % Change -1.32% 1.00% 18.16% -7.32%

Rel S&P 500% 3.00% 8.63% 5.94% 4.37%

Source: Reuters Key IDSM Number: 45971822 1 - Profit & Loss Item Exchange Rate: USD 1 = INR 47.45907

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OneSource Company Summary Report for Bharti Airtel Limited

2 - Balance Sheet Item Exchange Rate: USD 1 = INR 44.895 1983-2011 Reuters Research Inc. All Rights Reserved. 2011 OneSource Information Services, Inc. All Rights Reserved. Copyright 2011 Graham & Whiteside Limited Copyright 2011 Business Monitor International Ltd. All rights reserved. Copyright 2011, infoUSA. All Rights Reserved. Stock quotes provided by Quote.com (security prices are at least 15 min. delayed) Published by OneSource Information Services, Inc., 2011

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