Singtel

Singtel: 32.3% owned associate Bharti posted a 31.5%yoy fall in quarterly profit due to losses in Africa. Bharti’s India prospects have improved after prices steadied, recovering from a price war. Shares fell 4.7% in Bharti, the world’s 5th largest mobile carrier by subscribers after poor results. Bharti has a fifth of India’s mobile mkt of more than 800m customers.