* Bharti Airtel falls 1.3 percent, erasing initial
rise of as much as 2.6 percent, as investors factor in a one-off
gain related to a telecom tribunal's judgment boosting revenue
* Bharti's consolidated net profit falls 30 percent from a year
earlier to 7.21 billion rupees ($132.5 million) for the three
months to September, despite a one-off gain of 2.39 billion
rupees from an outstanding dispute over inter-connect charges.
* IDFC, in a note to clients, says Bharti's earnings are in line
with its estimates helped by healthy data pickup despite a soft
voice business, and a 3 percent revenue growth in Africa
* "Our hypothesis of Bharti being better placed due (to) scale
benefits in India and upside from Africa market remains intact,"
says IDFC, which kept its 'outperformer' call on the stock.
* Nomura, however, maintains its 'reduce' rating on the stock
and doubts the results will boost market confidence in Bharti's