Bharti Airtel hopes to issue bonds of up to $1 billion in FY13

NEW DELHI Fri Feb 1, 2013 11:14am IST

A man stands next to a shop painted with an advertisement for Bharti Airtel on the outskirts of Jammu December 11, 2012. REUTERS/Mukesh Gupta

A man stands next to a shop painted with an advertisement for Bharti Airtel on the outskirts of Jammu December 11, 2012.

Credit: Reuters/Mukesh Gupta

Related Topics

Stocks

   

NEW DELHI (Reuters) - 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)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Disputed Border

Disputed Border

With eye on China, India to develop disputed border region  Full Article 

Rajan on Investment

Rajan on Investment

RBI chief says investment growth needs to pick up   Full Article 

Android One in India

Android One in India

Google launches Android One in India, phones to be priced at around 6,399 rupees  Full Article 

Sensex Falls

Sensex Falls

Sensex, Nifty fall to two-week low on China data, Fed  Full Article 

Rohingya in India

Rohingya in India

Myanmar's Rohingya stuck in refugee limbo in India  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage