Bharti Airtel swings to quarterly profit on subscriber gains
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BENGALURU - Indian telecom firm Bharti Airtel swung to a quarterly profit on Wednesday, driven by additions to its subscriber base and higher data usage from the coronavirus-led work-from-home trend.
Airtel's consolidated profit for the three months ended Dec. 31 came in at 8.54 billion rupees ($117.07 million) from a loss of 10.35 billion rupees in the year-ago period.
The firm's consolidated revenue from operations rose 24.2% to 265.18 billion rupees on gains in subscriber base and higher tariffs.
(Reporting by Philip George in Bengaluru, Editing by Sherry Jacob-Phillips)
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