Bharti Airtel world’s 3rd best telecom stock in 2019

NEW DELHI: The end of the telecom tariff war after five years has catapulted the Bharti Airtel stock to among the world’s best performing telecom stocks. With 55.8 per cent returns since the beginning of the year, it has become the third-best performer among the stocks of service providers and equipment makers, show data from Bloomberg.

Ubiquiti Networks, a US-based wireless data communication products firm, and China-based telecom equipment provider ZTE rank as the top two telecom stocks in the world. Bharti Airtel’s stock has outperformed the Bloomberg World Telecommunication index, a capitalisation weighted index of the world’s leading telecommunication stocks – by 45 per cent since the beginning of 2019.

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