Bharti Airtel reports fourth-quarter loss of Rs 52.37 billion

Indian telecom operator Bharti Airtel Ltd reported a loss for the fourth quarter on Monday, as it set aside 56.42 billion Indian rupees ($744.90 million) for one-time spectrum charges.

The company, India’s third-largest telecom operator by subscribers, posted a loss of 52.37 billion rupees for the three months ended March 31, compared with a profit of 1.07 billion rupees a year earlier. However, the telco’s quarterly average revenue per user at its India mobile services business rose 25% from a year earlier to 154 rupees.