Bharti Airtel Ltd (BRTI.BO)
MUMBAI, Jan 24 Bharti Airtel, India's largest telecoms network operator, reported its lowest profit in four years as competition from a new rival hit revenues that were also affected by a cash crunch, after the federal government scrapped high-value banknotes.
MUMBAI, Jan 24 Bharti Airtel, India's largest telecoms network operator, posted a 54.5 percent drop in third-quarter profit as free services from a new rival hurt revenue that was also affected by a cash crunch after the government's ban on high-value banknotes.
* Bharti Airtel Ltd- dec quarter India mobile services revenue 138.37 billion rupees
* Bharti Airtel Ltd consensus forecast for Dec quarter consol net profit was 10.87 billion rupees
* Dec-quarter Africa ARPU $3.9 Source text: http://bit.ly/2jUcxXm Further company coverage:
MEDIA-India's Airtel in talks with Millicom International Cellular for possible merger in Ghana - Economic Times
- Note: Reuters has not verified this story and does not vouch for its accuracy
* Airtel considering exits, stake sales at some Africa operations - Bloomberg
* Bharti Airtel Ltd says to consider raising of funds through issue of debentures / bonds through private placement. Source text - (http://bit.ly/2k6OF3J) Further company coverage:
* Says international competitive bidding process for selection of developer for integrated retail development has been completed
MUMBAI/NEW DELHI Bharti Airtel Ltd, India's top wireless carrier, on Thursday unveiled a so-called payments bank, committing an initial investment of 30 billion rupees ($441 million) to build a nationwide network.