Bharti Airtel Ltd (BRTI.BO)
25 Jul 2017
LAGOS, July 25 9mobile, the mobile operator formerly known as Etisalat Nigeria, has appointed Citigroup and Standard Bank to find an investor to buy into the firm and three companies have shown interest, a banking source close to the deal said on Tuesday.
* Says appointment of Rashed Fahad Al-Noaimi as an additional director
Bharti Airtel Ltd, India's top telecoms operator, reported its smallest profit in 18 quarters as a price war sparked by an upstart carrier weighed on earnings.
* India revenue falls 10 percent (Adds details, background, CEO comments)
* Says June quarter consolidated EBITDA margin at 35.6 pct, down 1.9 pct Y-o-Y
July 25 Bharti Airtel Ltd, India's top telecom operator, reported an almost 75 percent drop in quarterly profit as a price war sparked by an upstart carrier weighed on earnings.
* June quarter consol profit 3.67 billion rupees versus 14.62 billion rupees last year
** Bharti Airtel gains 0.8 pct after earlier falling as much as 1.3 pct; Idea Cellular sheds 2.8 pct
MUMBAI India's disruptive new mobile entrant Reliance Jio, backed by the country's richest man Mukesh Ambani, unveiled a low-cost 4G-enabled phone on Friday to woo tens of millions of new customers, further destabilising established telecoms players.
July 21 Indian shares rose on Friday, with Reliance Industries Ltd climbing as much as 3.9 percent to a more than 9-1/2-year high after posting strong quarterly results and announcing a low-cost, 4G-enabled phone.