Bharti Infratel s Q2 net drops 17%

New Delhi Oct 30 (IANS) Bharti Infratel s net profit went down by 17 per cent for the July-September quarter of 2017-18 a company statement said on Monday.

The company has posted net profit of Rs 638 crore for the second quarter of 2017-18 compared to Rs 774 crore during the corresponding quarter a year back.

The company s revenue grew by 11 per cent during the quarter. It has clocked revenue of Rs 3 648 crore for the second quarter of 2017-18 up from Rs 3 292 crore posted during the same quarter a year back.

"Indian telecom has embraced the data centric model and is emerging as the showcase of digital technology with operators rolling out 4G networks and India planning a leadership role on upcoming 5G technology and associated applications. Leading operators have announced enhanced investment plans towards improvising digital infrastructure " said Akhil Gupta Chairman Bharti Infratel Ltd.

"The government s Smart Cities programme presents additional opportunity to create infrastructure for sharing on a non-discriminatory basis. All of this is good for the sector at large " he said.

--IANS
ag/mr