Bharti Airtel to be competitive in pricing

Fri Oct 30, 2009 1:06am EDT
 
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NEW DELHI, Oct 30 (Reuters) - Bharti Airtel Ltd, India's top mobile operator, will be competitive in pricing, said Akhil Gupta, a director at the firm.

Earlier Bharti reported a 13 percent rise in quarterly profit that lagged analysts' estimates as an increasing number of low-paying users and price competition weighed.

India's mobile industry, the world's fastest-growing major market, is becoming increasingly competitive, with existing players cutting rates to attract subscribers before four new firms start operation this year. (Reporting by Devidutta Tripathy; Editing by John Mair)

 

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