INSUBCONTINENT EXCLUSIVE:
Airtel's revenue fell 10.5% to Rs 19,634 crore in March quarter.
Bharti Airtel Ltd posted its lowest quarterly profit in nearly 15 years on Tuesday, as a price
war in the telecoms sector continued to hurt, while revenue was hit by a regulatory cut in international termination charges
The entry of Reliance Jio, the telecoms arm of Reliance Industries Ltd, into the domestic telecoms sector has set off a brutal price war
among operators as they drastically cut prices to compete with Jio's bottomed out plans.(: Bharti Airtel Announces Apple Watch Series 3
Online Sale, Cellular Trial Offer)Compounding to the industry's woes, the telecoms regulator had also cut international termination
charges (ITC) - paid by global long-distance operators to local carriers - to 30 paise from 53 paise, effective from February.(: Is Jio
Really Profitable Audit To Answer Doubts And Controversies)"The telecom industry continues to witness below cost, artificially suppressed
pricing," Gopal Vittal, Bharti Airtel's managing director and chief executive for India and South Asia, said in a statement on Tuesday.(:
799 Prepaid Recharge Plans Now Offer More Benefits
Details Here)Profit slumped 77.8 per cent to Rs 82.9 crore ($12.49 million) in the quarter ended March 31, the company said, its lowest
since the quarter ended June, 2003.(: Airtel's Latest Offers - Rs 249 New Prepaid Plan, Rs 349 Plan, 30GB Free Data Offer)Revenue fell
published from a syndicated feed.)
