Singtel sees near-term earning worries for Bharti
Friday, 14 May 2010
SINGAPORE, May 13 (PTI): Singapore's Singtel said Thursday that it expected Bharti's near-term earnings to be diluted by the cost of funding the acquisition of Zain's African mobile operation and investment in 3G spectrum.
It also noted Bharti's intention to leverage its low-cost operating model to drive synergies in Zain's 15 Africa markets.
However, Bharti was expected to maintain its market leadership in India despite the continued intense competition in the teleco sector, said Singtel in its annual report released today.
It also noted Bharti's intention to leverage its low-cost operating model to drive synergies in Zain's 15 Africa markets.
However, Bharti was expected to maintain its market leadership in India despite the continued intense competition in the teleco sector, said Singtel in its annual report released today.