Shares of Bharti Airtel today gained 3 per cent as operating profit beats estimates.
According to Goldman Sachs, April-June EBITDA at Rs 8,250 crore was higher than estimates.
Gain from tower sales has helped Q1 profit beat estimates.
Analysts expect positive commentary by the company’s management in a conference call at 2.30 pm later today.
Also, Citi says company remains best placed to counter Reliance Jio's LTE network due to superior spectrum portfolio, willingness to invest and good execution.
Reliance Jio, the telecom unit of conglomerate Reliance Industries, plans to launch 4G broadband services by December.