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Tuesday 29 October 2019

Airtel postpones Q2 results, seeks clarity on Supreme Court ruling

Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the Indian wireless operator sought clarity on the Supreme Court ruling asking telecom firms to cough up overdue payments to the government. Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3% in early trade.

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