Bharti Net Beats Estimates on India Growth After Tower Sale
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- Bharti Airtel Ltd. first-quarter profit beat analyst estimates after India’s largest mobile-phone carrier boosted data usage at home and sold wireless towers in Africa.
Net income rose 40 percent to 15.5 billion rupees ($243 million) in the three months through June helped by a one-time gain of 14.3 billion rupees, New Delhi-based Bharti said in a statement. That compares with the 13.6 billion-rupee median of 23 analysts’ estimates compiled by Bloomberg.