Thursday, 27 July 2017

Bharti Airtel fiscal Q3 profit plummets amid price war

By Nick Wood, Total Telecom
Wednesday 25 January 17

India's biggest mobile operator reports 3% decline in revenue, blames Jio's 'predatory pricing'.

Bharti Airtel on Tuesday reported a 54.6% fall in fiscal third quarter profit, as the price war sparked by Reliance Jio Infocomm's aggressive tactics weighed on revenue. India's biggest operator generated group revenue of 233.36 billion rupees (€3.19 billion) during the three months to 31 December 2016…

Bharti Airtel on Tuesday reported a 54.6% fall in fiscal third quarter profit, as the price war sparked by Reliance Jio Infocomm's aggressive tactics weighed on revenue. India's biggest operator generated group revenue of 233.36 billion rupees (€3.19 billion) during the three months to 31 December 2016…

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