In a senior level rejig, Bharti Airtel today appointed Christian de Faria as the new CEO for African operations while Manoj Kohli, MD and CEO (International) will relocate to India.
Telecom giant Bharti Airtel on Thursday said the net loss from African operations has widened to Rs 485.7 crore in the January-March quarter led by slowdown in economic activity and political instability.
Bharti Airtel may take more time to achieve a target of USD 5 billion in revenue and USD 2 billion in EBITDA from its African operations than its earlier goal to achieve them by the year ended March 2013, Manoj Kohli, chief executive for the company's international operations, said on Wednesday.
While most experts opine that the tariff war has now ended and the sector is getting ready for consolidation, Ramakrishna Maruvada of Daiwa Capital has a different point to make. In an exclusive, he tells CNBC-TV18 that the tariff hikes could actually be a flash in the pan! Read on...
Bharti Airtel is expected to post a 26% fall in quarterly profit as weaker margins from its African operations and big spending on new technologies weigh.