Home › Airtel net profit falls 73.5% in June quarter on continued price war in India
 

Keywords :   


Airtel net profit falls 73.5% in June quarter on continued price war in India

2018-07-27 08:28:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel reported net profit for its fiscal first quarter to June down 73.5 percent to INR 973 million, hurt by the continued price war in the Indian mobile market. Revenues fell 8.6 percent to INR 200.8 billion, as the acquisition of Telenor India could not offset the price pressure and cuts to termination rates. Excluding regulatory effects and divestments, Airtel said revenues were up 2.3 percent. EBITDA dropped 12.6 percent to INR 68.37 billion, and the margin fell to 34.0 percent from 35.6 percent a year ago.

Tags: net price june war

Category:Telecommunications

Latest from this category

All news
»
20.04This Week in Agribusiness, April 20, 2024
20.04This Week in Agribusiness, April 20, 2024
20.04App to cut EU border queues won't be ready in time
19.04PPG Board of Directors Announce Quarterly Dividend of 65 Cents Per Share
19.04Can AI help solve Japans labour shortages?
19.04 PPG Board of Directors Authorizes $2.5 Billion Share Repurchase Program
19.04Warning jailed bankers ruling could hit loan rate
19.04NFU Statement on EPA E15 Announcement
More »