Key Points
Naveen Kulkarni, CIO, Axis Securities, says the exceptional losses in Bharti Airtels African business due to devaluation of the Nigerian currency was not completely unexpected as analysts were expecting something on the lines that there will be a significant impact on their transnational effect on the Africa revenues...
There has been an exceptional loss on the back of Nigerian currency devaluation..
The exceptional part, of course. is a difficult aspect to model but more or less I would say that we were expecting something on these lines that there will be a significant impact on their transnational effect on the Africa revenues..
I would say that the ARPU number exceeded our expectations by about a percent or so and reaching the 200 mark is definitely an encouraging sign...
