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Mobile operator Airtel's revenue up, but profit continues to slump

John Ribeiro | Aug. 10, 2012
India's largest mobile operator, Bharti Airtel, reported that its net profit for the quarter ended June 30 was down 37 percent to 7.62 billion rupees (US$135 million), even as its revenue and number of customers grew in India, Bangladesh, Sri Lanka and 17 countries in Africa.

New competitors are also expected with a large business group Reliance Industries said to be planning to roll out nationwide 4G services. Regulatory issues relating to spectrum pricing, rules for merger and acquisitions, and spectrum sharing are still unsettled making it difficult for operators to make investment decisions, Bhatia said.

 

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