India's Bharti Airtel hopes to issue bonds of up to $1 bln in FY13 - Exec
NEW DELHI Feb 1 (Reuters) - Bharti Airtel Ltd, 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 ($53.39 million) in the fiscal third quarter that ended Dec. 31, from 10.11 billion rupees a year earlier. (Reporting by Devidutta Tripathy; Editing by Jijo Jacob)
- Tweet this
- Share this
- Digg this
- Analysis - Amazon's far-reaching ambitions, lack of profits, unnerve investors
- U.S. gasoline prices tumble on back of refinery cuts- Lundberg survey
- 'Lucy,' 'Hercules' beat expectations at U.S. weekend box offices
- U.S. diplomats' return to Libya could be more hazardous than exit
- Israel extends Gaza ceasefire for 24 hours, Hamas rejects terms
New Prime Minister Narendra Modi is facing criticism for remaining silent about incidents deemed anti-Muslim in the past week, underscoring fears that his Hindu nationalist followers will upset religious relations in the multi-faith nation. Full Article