News Broadcasting
Bharti and SingTel celebrate completion of i2i cable network
The Bharti Group of India and Singapore Telecommunications Limited (SingTel) have just marked the completion of the i2i cable network, the world’s largest in terms of capacity, as well as the first private cable to link India and Singapore.
The 3,200-km i2i cable lands in Chennai in India and Tuas in Singapore. It has been developed by Network i2i, a 50:50 joint venture between Bharti and SingTel, at a cost of US$250 million. It is one of the largest infrastructure projects between Indian and Singaporean companies.
Utilising the latest Dense Wavelength Division Multiplexing technology, the 8.4 terabits cable system can support 130 million Internet dial-up connections simultaneously. Construction of the i2i cable network began in late 2000 and it will begin to carry commercial traffic within the next four weeks.
Speaking on this president and CEO of SingTel Lee Shine Yang said: “The i2i cable network is a product of SingTel’s successful collaboration with Bharti. The cable is linked to SingTel’s extensive network in the Asia Pacific and will enhance telecommunications connectivity between the Indian sub-continent and East Asia.”
The cable will support Bharti’s introduction of IDD services, another important step in Bharti’s vision to be a leading telecommunications service provider in India.”
Chairman and Group MDirector of Bharti Enterprises Sunil Mittal said, ” The cable will create huge bandwidth capacities that will help in making the Indian business environment increase productivity and fuel economic growth.”
The domestic and international long distance markets in India were liberalised on 1 April 2002. Network i2i expects this development to stimulate demand for telecommunications services.
CEO Network i2i Ng Seng Sum said: “The Indian telecommunications industry has enjoyed some of the highest growth rates in Asia in recent years.The relatively low penetration rates for fixed-line and cellular services offer significant potential for growth. Continued economic development and increasing use of information technology and the Internet will fuel demand for international bandwidth.”
Lee and Mittal also signed a memorandum of understanding (MOU), on behalf of SingTel and Bharti respectively, to extend the partnership between the two companies.
As part of the MOU, SingTel and Bharti will study the possible enhancement of the i2i cable network to other parts of Asia, including the Middle East and Europe. This can be achieved either through new infrastructure or acquisition of capacity on other cable systems.
The two parties will also develop joint programmes to market the i2i cable and, in support of market liberalisation in India and Singapore, enable open and non-exclusive access to the cable for all carriers in the two countries.
SingTel has invested $650 million in the Bharti Group and presently has an effective stake of 28.5 per cent in Bharti Tele-Ventures, the listed vehicle of the Group.
Bharti Tele-Ventures, a company promoted by Bharti Telecom, is India’s leading private sector provider of telecommunications services based on an aggregate of approximately 1,553,822 customers comprising Internet, National Long Distance and about 1,274,846 cellular customers (as at 28 February 2002).
Cellular services currently constitute the largest portion of its business in terms of total revenues.
SingTel claims to be Asia’s leading communications company with a comprehensive portfolio of services that include voice and data services over fixed, wireless and Internet platforms.
News Broadcasting
Network18 Q4 revenue grows 9.7 per cent, EBITDA at Rs 30 crore
PAT improves to Rs 306.6 crore, margins steady amid cost pressures.
MUMBAI: Not all news is breaking, some of it is quietly improving. Network18 Media & Investments Limited appears to be doing just that, tightening losses and stabilising margins even as costs continue to weigh on the business. For FY26, the company reported revenue from operations of Rs 1,955.1 crore, up from Rs 1,896.2 crore in FY25, signalling modest top-line growth in a challenging media environment. Total income stood at Rs 1,978.2 crore, compared to Rs 1,913 crore a year earlier.
Profit after tax came in at Rs 306.6 crore for the year, a sharp turnaround from Rs 3,225.4 crore in FY25, largely reflecting the absence of large exceptional items that had inflated the previous year’s numbers. On a more comparable basis, the company’s operating performance showed signs of gradual stabilisation.
However, the quarterly picture remained under pressure. For the March quarter, Network18 reported a loss of Rs 53.1 crore, narrower than the Rs 98.1 crore loss in the same period last year, but still indicative of ongoing cost challenges.
Expenses continued to track high. Total expenses for FY26 stood at Rs 2,235.7 crore, up from Rs 2,197.8 crore in FY25. Key cost heads included operational expenses of Rs 765.9 crore, employee benefits of Rs 475.9 crore, and marketing, distribution and promotional spends of Rs 427.1 crore, underlining the continued investment required to sustain reach and engagement.
At an operating level, margins remained under strain. Operating margin stood at 2.33 per cent for FY26, marginally higher than 1.77 per cent in FY25, while net profit margin remained negative at -13.02 per cent, though improved from -14.89 per cent.
On the balance sheet, total assets rose to Rs 8,957.6 crore as of 31 March 2026, from Rs 8,317.5 crore a year earlier. Equity strengthened to Rs 4,958.7 crore, while borrowings increased to Rs 3,112.8 crore, reflecting a higher reliance on debt to support operations.
Cash flows told a mixed story. While financing activities generated Rs 83.9 crore, operating cash flow remained negative at Rs -24 crore, highlighting ongoing pressure on core cash generation. Cash and cash equivalents, however, improved to Rs 33.9 crore from Rs 1.8 crore.
The numbers point to a company in transition growing revenues, trimming losses, but still grappling with structural cost pressures. In a sector where scale often comes at a price, Network18 seems to be inching towards balance, one quarter at a time.
