Airtel reports profit rise on upgrades and Africa growth
Bharti Airtel posted a profit rise as users migrated to pricier plans. Africa revenue jumped 40.9 percent while Indian ARPU reached 257 rupees.
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BHARTI AIRTEL LTD reported a 35.8% rise in quarterly pre-tax profit to 132.05 billion rupees. The results for India's second-largest carrier follow a 10.2% profit increase at rival RELIANCE INDUSTRIES LTD unit Jio. Investors are tracking Airtel's ability to convert users to higher-value 4G and 5G plans to sustain margin growth.
