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The Hindu
The Hindu
National
Reuters

Bharti Airtel posts Q4 revenue miss on currency devaluation in Africa

Airtel Bharti Airtel Africa

Indian telecom operator Bharti Airtel reported fourth-quarter revenue below expectations on Tuesday, hurt by currency devaluation in Africa.

India's second-ranked telecom carrier by subscribers said consolidated revenue from operations rose 4.4% to ₹375.99 billion rupees ($4.5 billion) for the three months to March 31, missing analysts' average estimates of ₹388.49 billion, as per LSEG data.

Consolidated revenue was impacted by the devaluation of African currencies, particularly in the Nigerian Naira, during the period, the company said.

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