India's Bharti Airtel reports worse than expected June-qtr loss  

01 Aug, 2019

Analysts, on average, were expecting the company to report a loss of 10.17 billion rupees, according to Refinitiv data.

New Delhi-based Airtel said its monthly churn rate in mobile services business, a measure of the number of customers it lost, grew to 2.6% for the quarter, compared with 2% a year ago.

Government data showed last month Reliance Industries Ltd's  telecom unit Jio pipped Airtel to become India's second-largest operator by subscribers as of May.

Copyright Reuters, 2019

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