July 31 India's Bharti Airtel Ltd
reported 9.6 percent fall in quarterly profit on higher costs
and foreign exchange losses, the 14th consecutive quarter of
declining profits for India's top telecommunications carrier.
Bharti Airtel, the world's fourth-biggest cellular carrier
by customers, said net profit fell to 6.89 billion rupees ($114
million) for its fiscal first quarter to end-June, from 7.62
billion rupees reported a year earlier.
Despite the decline, the results beat expectations. Analysts
had expected the company to report net profit of 6.57 billion
rupees, according to Thomson Reuters I/B/E/S.
Bharti Airtel, which is nearly a third owned by Southeast
Asia's top phone carrier, SingTel, operates across 20
countries in Asia and Africa.
($1 = 60.3625 Indian rupees)
(Reporting by Devidutta Tripathy; Editing by Matt Driskill)