Telecom company Bharti Airtel is set to report its quarterly earnings on Wednesday. However, the company's Q3 numbers are not comparable with the last quarter as in the quarter gone by, the merger of Bharti Infratel and Indus Towers took place. After the merger, Bharti now owns 41.7 percent stake in Indus Towers.
Airtel Africa has already reported strong results. The Street is expecting Rs 25,500 crore on topline and margins at 45 percent. The focus is on the Indian mobile business where it is expected to be a very strong performance.
For the last few months, Bharti Airtel's subscriber addition has been more than that of Reliance Jio and that is expected to drive 6 percent topline growth and improvement in margins to 43.50 percent.
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