 "telecom, tower, telcos")
Telecom major Bharti Airtel on Tuesday posted dismal third quarter (Q3) results due to the price war initiated by Reliance Jio, and also partly to demonetisation. Its net profit dropped 55 per cent to Rs504 crore in the December 2016 quarter, compared to Rs1,108 crore a year ago. Revenue fell three per cent to Rs23,336 crore, from Rs24, 036 crore a year earlier.
Free cash flow dropped to Rs1.5 crore, down from Rs3,547 crore a year ago and Rs3,953 crore in July-September 2016.
Jio launched its free services on September 5, 2016. A quarter-on-quarter (q-o-q) comparison of Airtel's Q3 with
