Bharti Airtel reports dip in profits, upbeat on forecast

India's leading mobile services provider Bharti Airtel on Wednesday signalled a bottom for the struggling cellular market as cut-rate pricing shows signs of stabilising and market focus shifts to profit margins for India's top mobile operator. Bharti's results included its new African operations, which were on its balance sheet for only 23 days in the quarter ended June. Bharti acquired the loss-making business from Kuwaiti telecoms group Zain for a pricey $9 billion in June to become the world's fifth-biggest mobile operator. However, it said the worst was over and sounded upbeat about reclaiming the growth momentum.

 
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Tuesday, August 09, 2022
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