Wed, May 10, 2017
Nilanjan Roy, Chief Financial Officer of Bharti Airtel was quoted by Bloomberg as saying, “The industry will engage with government to seek deferral of dues. We need to see if spectrum payments can be deferred as interest costs has risen on higher spectrum related costs.”
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Gopal Vittal, MD and CEO, India & South Asia said, “The sustained predatory pricing by the new operator has led to a decline in revenue growth for the second quarter in a row. The telecom industry as a whole also witnessed a revenue decline for the first time ever on a full year basis.”
Tue, May 09, 2017
Annual consolidated revenues of Bharati Airtel in FY17 declined by 1.1%
Mon, May 08, 2017
In the last quarter, or Q3FY17, Airtel's net profit dropped 55%, at Rs 503.7 crore as against Rs 1,108 crore in the same period of last year.
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