Bharti Airtel’s doing very well, despite its African debacle!
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After registering rise in data usage, Bharti Airtel recorded a 10.1% surge in profit during the second quarter of FY2015-16, but its The New Delhi-headquartered telecom company has also experienced competitive pressure on its voice business as well as it recorded a slump in interconnect and roaming charges.
As per the earlier estimates, the telco expected its net profit to stand around Rs1,200 crore in the second quarter.
Notably, Revenue rose 4.3 per cent on year to Rs23,836 crore, as the telco ended the quarter with 340 million customers across India,
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Talking about the recent 4G launch, Vital also added, "With the commercial launch of high speed 4G services across 334 towns and roll-out of 3G services in our gap circles, we are now best positioned in the industry to
In a one year’s time, Africa net loss widened to $170 million from $124 million. However, its total net interest costs increased to Rs 1,053 crore from Rs 687 crore in 2014.
According to Bharti Airtel, owing to conflicting currency movements
(Image: The Economic Times)
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