NEW DELHI Bharti Airtel Ltd (BRTI.NS), India's top mobile network operator, hopes to issue dollar bonds of up to $1 billion in the current fiscal year that ends in March, Sarvjit Dhillon, Group CFO at Bharti Enterprises, said on Friday.
Bharti Enterprises is the parent of Bharti Airtel which on Friday reported a fall in net profit for the twelfth consecutive quarter, missing estimates by a wide margin.
Bharti Airtel, controlled by billionaire Sunil Mittal, said consolidated net profit fell to 2.84 billion rupees in the fiscal third quarter that ended December 31, from 10.11 billion rupees a year earlier.
(Reporting by Devidutta Tripathy; Editing by Jijo Jacob)
Trending On Reuters
India GDP Data
India's economy grew faster than China's in the quarter through March, data showed on Friday, but a sharp downward revision for the previous quarter fuelled doubts about the accuracy of a new method used to measure economic activity. Read | Graphic