INSUBCONTINENT EXCLUSIVE:
Shares in Bharti Airtel closed 6.3 per cent lower ahead of the earnings announcementTelecom major Bharti Airtel on Thursday reported a net
simplified pricing and content partnerships, ARPU decline has moderated in this quarter
Temasek, Singtel and SoftBank Group International, had agreed to invest $1.25 billion in Airtel Africa through a primary equity
operations, the company had said on Wednesday.Net revenue from its Africa business grew 13.2 per cent year-on-year in the quarter ended
September 30, the company said.Its domestic average revenue per user (ARPU) during the quarter fell 28.8 per cent to Rs 101, while Africa
the quarterly report card
The shares underperformed a market that shed 1 per cent amid a global selloff.The telecom industry has been battered by a price war, sparked
by the entry of rival telecom company Reliance Jio Infocomm
Meanwhile, Idea Cellular and Vodafone have merged their operations in the country to create the country's largest telecom operator.
