FILE PHOTO: A girl checks her mobile phone as she walks past the Bharti Airtel office building in Gurugram, previously known as Gurgaon, on the outskirts of New Delhi, India April 21, 2016. REUTERS/Adnan Abidi
NEW DELHI: Bharti Airtel Ltd’s lower-than-expected quarterly profit is spurring India’s No. 2 wireless operator to make a case for higher tariffs as it rolls out 5G services across the country.
The carrier, led by billionaire Sunil Mittal, posted a 90% jump in net income to 21.5 billion rupees (US$260mil or RM1.23bil)) for the quarter ended Sept 30, according to a filing on Monday, but missed the average profit of 25.44 billion rupees (RM1.46bil) estimated in a Bloomberg survey.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
