Bharti Q3 net slides as finance costs increase

Feb 02 2013, 05:37 IST
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SummaryThe country’s largest telecom operator Bharti Airtel on Friday missed analysts’ estimates while registering a 60.61% sequential decline in net profit for the October-December quarter at R284 crore.

is also likely to participate in the auctions for the 900 MHz spectrum in March. It would have to renew its Delhi and Kolkata licences this year by paying the auction rates in the 1,800 MHz band. For the time being the company has obtained a stay order till the end of the month from the Bombay High Court over paying the one-time fee.

The African operations recorded a 15% rise in revenue at Rs 6,169 crore, compared with the Rs 5,357 crore reported a year earlier. However, losses almost doubled to Rs 520 crore from Rs 259 crore in the December quarter of 2011.

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