Airtel net income declines 72 per cent
By
Biju Kumar
NEW DELHI: Telecom major Bharti Airtel’s financial results for the quarter ended December 31 only reinforce the sharp decline in profitability that Indian telecom majors (excluding Reliance Jio) have recorded over the past few quarters. While its overseas operations in Africa continued to grow at healthy rates, its India business has recorded a loss (before exceptional items) of Rs 971.9 crore compared to a net income of Rs 373.5 crore a year ago.