Bharti Q1 Results – 32% fall

India's top mobile operator Bharti Airtel, on Wednesday announced a 32 % fall in quarterly profit, including its African operations which bharti acquired in June for $9 billion.
Southeast Asia's top operator SingTel owns 32% stake in Bharti and its net profit fell to 16.82 billion rupees ($361.7 million) for its first quarter ended June 2010, from 24.75 billion rupees last year.
Bharti acquired the African operations in June from Kuwaiti telecoms group Zain in a $9 billion deal to become the world's fifth-biggest mobile operator. Bharti has 635 million subscribers in which 137 million users in India. Bharti subscribers are present in Bangladesh and Sri Lanka also, though the operations are small compared with India.