Bharti Airtel’s quarterly results hit hard by Reliance Jio
Bharti Airtel, India’s largest telecom company, reported disappointing results for the third quarter due to the impact of Reliance Jio’s 4G offering. The company reported net profit of 504 cr, which is about half of the consensus estimate on the Street. The revenue was 23,364 cr, which was also below average estimate of 24,000 cr. […]