Retail Asia27/07/2017
2min0
India’s Bharti Airtel has reported a steep 75% decline in first quarter profit as a result of the intense competition triggered by the entry into the market of Reliance Jio Infocomm. Net profit fell to 3.67 billion rupees ($56.9 million), marking the Indian incumbents third straight quarter of declining income. Revenue meanwhile fell 2.6% to 255.46 billion […]