Bharti Airtel International (Netherlands) has bought back US$450 million of its notes, 50% higher than its initial tender offer.
BENGALURU (Reuters) -Indian telecom operator Bharti Airtel Ltd said on Tuesday its fourth-quarter profit beat estimates and revenue jumped 22.3%, boosted by a recent tariff hike. Its average revenue per user (ARPU) - a key performance indicator in the telecom industry - came in at 178 rupees for the quarter, up from 145 rupees from a year earlier. ARPU of rivals Reliance Jio and Vodafone Idea for the same period was 167.6 rupees and 124 rupees, respectively.
The deal builds on the long-standing partnership between Juniper (JNPR) and Bharti Airtel.