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Telcos may do better in Q4, but there were no gains for Bharti Infratel

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Bharti Infratel Ltd shares fell 8.5% on Friday after the company reported weaker-than-expected performance for the March quarter.

Excluding the impact of the accounting change (Indian Accounting Standard 116), revenues of the telecom towers provider declined 1% from a year ago, marking the sixth consecutive quarter of decline.

Operating earnings fell at a sharper pace of 13% as customer exits hit profitability. Click here to enlarge graphic The closing sharing factor, which represents the average customer occupancies per telecom tower, fell from 1.88 times in the year-ago period and 1.85 in the December quarter to 1.84.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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