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JIO Impact: Airtel's profit decreases to Rs.367 Crore in June'17 Quarter
Posted on: 26-07-2017 , 11:50:AM | DY365 Bureau

 Image for representational purpose only. Source : Internet

 One of the leading Telecom Operators of the country, Bharti Airtel, Tuesday reported that they have a net profit of Rs 367 crore for quarter ended June 30, 2017, which was way too less than the net profit for last year’s corresponding June quarter which was Rs 1,462 crore.

The net profit for June quarter was lower by a whopping 74.90 per cent.

According to a financial report by livemint,  Ambani’s Reliance Jio will continue to damage other telecom operators. “They all got it wrong while bidding for spectrum, which that will keep them bleeding.”

During the company’s annual general meeting on Tuesday, Gopal Vittal, Bharti Airtel’s chief executive and managing director for India and South Asia region, was re-appointed as managing director and CEO (India and South Asia) at Airtel for a period of five years with effect from 1 February 2018.


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