Singapore's sovereign wealth fund Temasek-backed Bharti Airtel reported its 11th consecutive quarter of profit decline with margins pressured by intense competition.
Top Indian telecommunications carrier Bharti Airtel Ltd will struggle to improve its profits in the coming quarters amid an uncertain regulatory environment in its home market after the company reported its 11th consecutive quarter of profit decline with margins pressured by intense competition.
Shares in Bharti, valued at about $19 billion, were down more than 1 per cent by 12:21 p.m. in a positive Mumbai market. The stock is down more than a fifth this year to be the worst performer among the components of the Sensex. Full story
