Bharti shares gain; Idea's results seen as positive - NDTV

Reuters | Updated On: April 26, 2013 11:57 (IST) Bharti Airtel Ltd's shares gain 5 per cent on hopes of better-than-expected earnings for January-March, taking cues from Idea Cellular Ltd which beat March quarter earnings estimates. Idea is much smaller than Bharti in revenue terms, but both mobile carriers operate on GSM technology and have similar kinds of subscribers. As well, both companies' mainstay is second-generation (2G) voice although there has been a greater push in recent months to increase revenue from mobile data. "Idea's numbers are positive ... for Bharti Airtel. They imply that the subscriber growth would normalise," said an analyst tracking the sector. Idea shares were up 7.6 per cent at 11.43 a.m. Copyright @ Thomson Reuters 2013 For Profit Update, via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGd57IN7ZIzQR7NSevUFovHbapSfw&url=http://profit.ndtv.com/news/market/article-bharti-shares-gain-ideas-results-seen-as-positive-321442

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