NEW DELHI Feb 1 Profit at Bharti Airtel Ltd
, India's top mobile network operator, fell for the
twelfth quarter in a row and missed estimates by a wide margin,
dragged down by higher costs.
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.
Analysts had expected the company to report net profit of
8.45 billion rupees, according to Thomson Reuters I/B/E/S.
Bharti Airtel is the world's fourth-biggest cellular carrier
by number of subscribers, operating in 20 countries in Asia and
Africa. Singapore's SingTel owns almost a third of the
($1 = 53.1900 Indian rupees)
(Reporting by Devidutta Tripathy; Editing by Daniel Magnowski)