Reliance Jio impact: Airtel to report first quarterly loss in 15 years on constantly falling revnues

[rahul1117kumar]

Bharti Airtel is heading towards reporting its first quarterly loss due to constantly falling revenues because of Reliance Jio's entry.

After reporting 39.3 per cent drop in consolidated net profit for the third quarter of the FY18, Airtel could end up posting a loss in the March quarter, a first in 60 quarters (or 15 years) on falling revenue and rising costs.

The last time the firm reported a loss was in the December 2002 quarter, when the figure came in at a negative Rs 70.70 million.

Reliance Jio impact: Airtel to report first quarterly loss in 15 years on constantly falling revnues | Latest News & Updates at Daily News & Analysis

 

[Sarkar]

That's bad news they are giving really good 4g speed

 

[hike]

That's all about Karma. They always cheat on customer by providing 3G speed in name of 4G at beginning and still doing same. They should tell at least one reason to believe on them.

 

[Vishnu777]

KOLKATA: Market leader Bharti Airtel is slated to report a net loss in the fiscal fourth quarter ended March — its first in 15 years — stung by a mix of continued pricing aggression from Reliance Jio Infocomm, a cut in international termination rates, and a move from subscribers to lower priced bundled packs from higher ones, analysts said.

Airtel may post its first loss in 15 years as telcos bleed