Telecom tower firm Bharti Infratel reported a 23% on year rise in net profit for the third quarter this fiscal, owing to improved net additions in towers and co-locations. But the bottomline fell 17% sequentially as cautious telcos like Bharti Airtel and Vodafone Idea, facing over Rs89,000 crores in adjusted gross revenue (AGR) dues, cut back on expansion.
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Thursday, January 30, 2020
Bharti Infratel Q3 net profit falls vs Q2; telcos' AGR issue weighs on growth
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