Airtel, Idea to report sharp drop in Q3 operating profit margins, courtesy Jio free services & demonetisation
Free services by the new entrant Reliance Jio and demonetisation is likely to impact the third quarter earnings of India's leading telcos Bharti Airtel and Idea Cellular. These telcos are also expected to report sharp drop in operating profit margins in the December quarter, a telecom report by Kotak Institutional Equities said. According to analysts at Kotak, the fourth quarter of the ongoing fiscal would be even weaker following the... Read More
