BHARTIARTL

Updates share prices in paragraph 2, adds graphics and analyst comment in paragraphs 10 and 11

By Roshan Thomas and Rishav Chatterjee

Feb 19 (Reuters) - Singapore Telecommunications (Singtel) STEL.SI issued a positive annual earnings outlook and posted a nearly threefold increase in third-quarter earnings on Wednesday, driven by an exceptional gain, propelling its shares to near six-year highs.

Shares in Singtel climbed 1.2% to S$3.4 and were on track for their strongest trading session since January 31, provided the gains hold. The stock was nearing its S$3.475 high from July 2019.

The firm's net profit rose 183.4% to S$1.3 billion ($968.85 million) for the three-month period ended December 31, from S$465 million last year.

Singtel recorded a net exceptional gain of S$639 million from disposal of partial stakes in Thailand associate Intouch INTUCH.BK and Indara, formerly known as Australia Tower Network, coupled with its share of an exceptional gain from its stake in India's Bharti Airtel BRTI.NS.

Singtel had reported a net exceptional loss of S$94 million a year earlier.

Airtel's gain primarily consisted of a fair value gain from the consolidation of Indus Towers, a reversal of a doubtful debt provision by Indus Towers, and foreign exchange gains from the appreciation of the Nigerian naira and Tanzanian shilling.

Singtel now anticipates its earnings before interest and taxes — excluding contributions from its associates — to rise at a robust pace, with a projected increase in the high teens to low twenties percentage range for the 2025 financial year.

This marks an optimistic shift from the earlier projection of growth in a more modest low-double digits.

The telecommunications giant said it expects to pay a total ordinary dividend of around 16.5 Singapore cents apiece for the financial year, higher than the 15 Singapore cents paid a year ago.

Citi analysts expect markets to react positively to the company's profit performance and have raised their price target on the stock.

"We keep Singtel at 'buy' with 5% FY25 yield poised for further expansion and with potential for additional capital management exercises in place. This is further complemented by sustained double digit net profit after tax growth outlook," Citi said.

($1 = 1.3418 Singapore dollars)

(Reporting by Roshan Thomas and Rishav Chatterjee in Bengaluru; Additional reporting by Ankur Banerjee in Singapore; Editing by Alan Barona and Sherry Jacob-Phillips)

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Feb 18 (Reuters) - Bharti Airtel Ltd BRTI.NS:

• BHARTI AIRTEL - INDIAN CONTINENT INVESTMENT SOLD 0.84% STAKE IN CO FOR 84.85 BILLION RUPEES

Source text: ID:nnAPN2NM1I3

Further company coverage: BRTI.NS

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Feb 17 (Reuters) - Bharti Airtel Ltd BRTI.NS:

• AIRTEL LANDS SEA-ME-WE-6 CABLE IN CHENNAI

Source text: ID:nBSE4jvw1b

Further company coverage: BRTI.NS

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Feb 14 (Reuters) - India's top court has rejected a request by telecom companies to recalculate the dues they owe the government, the Mint business daily reported on Friday.

The news sent shares of debt-saddled Vodafone Idea VODA.NS down 4.6%, while those of larger peer Bharti Airtel BRTI.NS declined 0.2%.

(Reporting by Nandan Mandayam in Bengaluru)

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Corrects typo in headline

** Shares of Bharti Airtel BRTI.NS up 3.6% at 1,677.50 rupees

** BRTI top gainer in benchmark Nifty 50 index .NSEI, which is down 0.1%

** Telecom operator posts higher Q3 profit, helped by a one-time gain, subscriber additions and tariff hikes

** Subscriber additions were ahead of CLSA's estimates and "led the positive surprise," brokerage said

** BRTI shares up 5.7% so far this year vs a 0.3% drop in the Nifty 50

** BRTI shares jumped 54% last year

** Analysts average rating on BRTI is "buy", with median PT at 1,850 rupees, as per LSEG data

(Reporting by Sethuraman NR in Bengaluru)

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Feb 6 (Reuters) - Indian telecom operator Bharti Airtel BRTI.NS reported a higher quarterly profit on Thursday, as last year's tariff hikes continued to uplift its per-user revenue and helped by a one-time gain.

The company reported a consolidated net profit of 147.81 billion rupees ($1.69 billion) for the third quarter, from 24.42 billion rupees a year ago.

The company recorded a one-time gain of 75.46 billion rupees during the reporting quarter.

($1 = 87.5470 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Varun H K)

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Feb 3 (Reuters) -

• MITTAL TO MEET BT MANAGEMENT OVER STRATEGY - FT

Source text: https://tinyurl.com/255vmhqz

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By Divya Chowdhury

DAVOS, Switzerland, Jan 23 (Reuters) - Swedish telecom gear maker Ericsson expects the United States to continue to be at the forefront of technology development under President Donald Trump, which the company is ready to take advantage of, its chief technology officer said.

The industry is now in full-execution phase of OpenRAN, CTO Erik Ekudden told the Reuters Global Markets Forum, adding: "Of course we intend to continue to lead and drive that industry development."

OpenRAN allows operators to mix and match suppliers in their radio networks. Ericsson ERICb.ST, Huawei and Nokia NOKIA.HE, dominate the global telecoms equipment market with their proprietary technologies.

The focus is now on building artificial intelligence (AI)data centers and also leveraging that AI to optimize the performance of 5G networks, Ekudden said.

That is why every country needs to have innovation strategy to build on 5G and AI, he added.

"I expect U.S. to continue to push ahead in that, and if anything, the opportunities just seem fantastic right now to put in an extra gear and then make sure that we are part of that," Ekudden said.

He also said Ericsson's local-for-local manufacturing model gives it an advantage, helping it rely less on global trade and supply chains, as threats of a trade war loom under the new U.S. administration.

However, Ekudden said it was still early days to speculate on tariffs.

(Join GMF, a chat room hosted on LSEG Messenger, for live interviews: https://lseg.group/4ajdDTy)

(Reporting by Divya Chowdhury in Davos and Ankika Biswas in Bengaluru; Editing by Nick Zieminski)

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Jan 22 (Reuters) - Bharti Airtel Ltd BRTI.NS:

• APPROVED ALLOTMENT OF 2.9 MILLION SHARES UPON CONVERSION OF FCCBS

Source text: ID:nBSE4LRRCP

Further company coverage: BRTI.NS

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Repeats Jan 20 story with no changes to text

By Aditya Kalra and Aditi Shah

NEW DELHI, Jan 20 (Reuters) - India's decision to allocate satellite spectrum, rather than auction it, will give consumers more choice, the telecoms minister said on Monday, playing down concern by Mukesh Ambani's Reliance Jio that it could lose out to Elon Musk's Starlink.

Starlink has long wanted to launch in India and has in recent months clashed with billionaire Ambani's company over how the country should grant spectrum for satellite services.

Reliance had urged an auction but the Indian government sided with Musk who wanted it to be allocated administratively, in line with global trends. Analysts say an auction, requiring much more investment, would likely deter foreign rivals.

Ambani said he wanted a level playing field and has been worried that his telecom company, which spent $19 billion in airwave auctions, now risks losing broadband customers to Starlink and potentially even data and voice clients later as technology advances.

"My job as telecoms minister is to make sure that you have as many choices as possible," Jyotiraditya Scindia told Reuters during an interview at his ministry's office in New Delhi.

Asked if there was merit in Reliance's concerns, he said, without naming any company: "Technology is never constant", adding that companies need to keep evolving.

Scindia noted that current satellite technology for communications requires devices to have the sky in their sight, and smartphones cannot use that technology for indoor services that are provided by terrestrial networks.

"The minute you come into this building, you're done," he said.

India is one of the world's biggest telecom markets with 942 million users and stiff competition among Reliance and rivals Bharti Airtel BRTI.NS and Vodafone Idea VODA.NS. Data prices are among the cheapest in the world and internet connectivity has risen rapidly.

Deloitte predicts India’s satellite broadband service market will be worth $1.9 billion by 2030, making it lucrative for players like Starlink, Amazon and Ambani.

Scindia said Starlink and Amazon Kuiper's applications for a licence to launch satellite broadband services in the country were still under review.

VODAFONE IDEA

Musk has a reputation for disrupting markets. In Kenya, he priced Starlink at $10 per month, versus $120 in the United States, prompting a complaint by Kenya's Safaricom SCOM.NR last year.

A former aviation minister, Scindia is also overseeing many more telecom initiatives for Prime Minister Narendra Modi.

India's government owns a stake in Vodafone Idea, and the company in November disclosed it still had around $24 billion in dues owed to the government.

Scindia repeatedly declined to answer in the interview if there were any plans for relief on the outstanding dues.

The Indian government is, however, working towards reviving state-run telecom player, Bharat Sanchar Nigam Limited (BSNL), which lost market share amid fierce competition over the years, he said.

BSNL has 99 million users but is being supported with expanded offerings of 4G services.

(Reporting by Aditya Kalra and Aditi Shah; Additional reporting by Munsif Vengattil; Editing by Emelia Sithole-Matarise)

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Jan 20 (Reuters) - Bajaj Finance Ltd BJFN.NS:

• BHARTI AIRTEL AND BAJAJ FINANCE ENTER INTO A STRATEGIC PARTNERSHIP

• PARTNERSHIP TO CREATE DIGITAL PLATFORMS FOR FINANCIAL SERVICES

Source text: ID:nBSE4St632

Further company coverage: BJFN.NS

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** Shares of Indus Tower INUS.NS ends 3.4% higher, its third straight session of gains

** Bharti Airtel BRTI.NS closes 0.5% higher on the day

** Delhi High Court says the two companies are eligible for input tax credit, CNBC TV18 reports

** The firms did not immediately respond to requests for comment

** So far in 2025, INUS up ~3%, BRTI gained 1.2%

(Reporting by Hritam Mukherjee in Bengaluru)

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Jan 8 (Reuters) - Ericsson ERICb.ST:

• ERICSSON: NEW API VENTURE ANNOUNCES ANTHONY BARTOLO AS CEO & UNVEILED COMPANY NAME - ADUNA

Source text: nPnc2q9RGa

Further company coverage: [ERICb.ST]

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** Shares of telecom operator Bharti Airtel BRTI.NS jumps 53.6% in 2024, set for best year since 2019

** Peer Vodafone Idea VODA.NS sheds ~51% in 2024

** BRTI also on track to sixth straight year of gains

** Analysts avg rating on BRTI is "buy" vs "hold" for Vodafone Idea -LSEG data

** Their median PT on BRTI is 1850 rupees -LSEG data

** BRTI shares flat at 1585 rupees on the day, while VODA is up 1%

(Reporting by Nandan Mandayam in Bengaluru)

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Dec 19 (Reuters) - Bharti Airtel Ltd BRTI.NS:

• BHARTI AIRTEL LTD - PREPAYS 36.26 BILLION RUPEES FOR 2016 SPECTRUM LIABILITIES

• BHARTI AIRTEL LTD - PREPAYS ALL SPECTRUM DUES WITH INTEREST COSTS ABOVE 8.65%

• BHARTI AIRTEL LTD - PREPAYS TOTAL OF 283.20 BILLION RUPEES IN SPECTRUM LIABILITIES IN 2024

Source text: ID:nBSE1jBh6q

Further company coverage: BRTI.NS

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** Shares of Bharti Airtel BRTI.NS rise 4.1% to 1,675.8 rupees apiece

** BRTI is the top gainer on Nifty 50 .NSEI, which is up 0.8%

** Telecom services provider's shares up 5.5% in two sessions after Jefferies identifies it among its preferred picks in Asian stocks for 2025

** BRTI's tariff and average revenue per user (ARPU) outlook for 2025 looks healthy, says Jefferies

** Adds network costs for BRTI should moderate in 2025 as the bulk of 5G network rollouts are done

** Expects BRTI to clock 17% revenue CAGR and 19% core profit CAGR over fiscal years 2024-2027

** BRTI up 62.3% in 2024 so far, outperforming the 14% rise in Nifty 50 index .NSEI

(Reporting by Bharath Rajeswaran in Bengaluru)

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Dec 11 (Reuters) - Bharti Airtel Ltd BRTI.NS:

• GLANCE AND AIRTEL DIGITAL TV LAUNCH GLANCE TV

Source text: ID:nNSE80BGjj

Further company coverage: BRTI.NS

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Dec 4 (Reuters) - India's Bharti Airtel BRTI.NS on Wednesday signed a "multi-billion" dollar deal with Swedish telecom equipment maker Ericsson ERICb.ST to boost its 4G and 5G coverage in the world's second-largest smartphone market.

Under the deal, which Reuters reported in October, Bharti Airtel will buy and deploy equipment from Ericsson likely in 2025. The companies did not disclose exact financial terms of the deal.

Demand from India's 5G market started to skyrocket in 2023, as Bharti Airtel and Jio, the telecom unit of Reliance Industries RELI.NS, started to scale up 5G services.

Ericsson, Bharti Airtel's partner of more than two decades, will deploy centralized radio access network (RAN) and Open RAN-ready solutions, Bharti Airtel said in a press release.

Open RAN allows mobile operators to mix and match equipment from various suppliers, potentially increasing flexibility.

Ericsson will also upgrade the software of its deployed 4G radios, it said.

"This deployment will enable us to further improve the speed, reliability, and coverage of our network," Bharti Airtel's Chief Technology Officer Randeep Sekhon said in the release.

The company did not immediately respond to Reuters' request for comment.

The deal comes after Ericsson won part of a $3.6 billion contract to sell 5G equipment to Vodafone Idea VODA.NS earlier this year. It shared the contract with Nokia NOKIA.HE and Samsung 005930.KS.

The new deals are expected to boost Ericsson's revenue next year, after a big fall in contracts from India in the first half of the year.

Nokia also signed a "multi-billion" dollar deal with Bharti Airtel last month.

(Reporting by Nandan Mandayam and Indranil Sarkar in Bengaluru; Editing by Varun H K)

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** Shares of telecom operator Bharti Airtel BRTI.NS climb 4.8% to 1,635.70 rupees, set for best day since August 2021

** Stock top pct gainer on the Nifty 50 .NSEI which is up about 0.8%

** ICICI Securities upgrades BRTI to "buy" from "add" citing "solid fundamentals;" maintains PT of 1,875 rupees

** Says BRTI's premium valuation is backed by higher earnings and free cash flow growth prospects vs APAC-ex China peers

** BRTI is generating strong FCF which should help accelerate deleveraging, and return ratios may improve further - ICICI Securities

** Since hitting record high in end-Sept, stock has slipped about 12% as of last close

** Analysts tracking BRTI rate it "buy" on avg, vs "hold" for Vodafone Idea VODA.NS - LSEG data

** BRTI is up 58% YTD, among top 5 Nifty 50 gainers

(Reporting by Nandan Mandayam in Bengaluru)

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Nov 22 (Reuters) - Bharti Airtel Ltd BRTI.NS:

• BHARTI AIRTEL OUTLOOK REVISED TO POSITIVE ON EARNINGS STRENGTH; 'BBB-' RATING AFFIRMED - S&P GLOBAL RATINGS

Source text: [ID:]

Further company coverage: BRTI.NS

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HELSINKI, Nov 20 (Reuters) - Finnish telecom equipment supplier Nokia NOKIA.HE on Wednesday said it had won a "multi-billion" dollar deal with India's Bharti Airtel for delivery of 4G and 5G equipment.

Sources familiar with the talks told Reuters last month Nokia and Bharti were nearing a deal worth several billion dollars to expand Bharti's network in India.

Nokia's Swedish rival Ericsson had already won a deal of similar size with Bharti earlier in October.

India last year helped Nokia and Ericsson offset weakness in demand from U.S. customers. However, the volume of orders from India slowed down significantly after a growth spurt last year.

Nokia's share price rose 3.1% by 0829 GMT.

(Reporting by Essi Lehto, editing by Terje Solsvik)

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Nov 13 (Reuters) - India's Vodafone Idea VODA.NS reported a bigger-than-expected second-quarter loss on Wednesday, weighed down by a shrinking user base.

The telecom operator narrowed its consolidated loss after tax to 71.76 billion rupees ($850.7 million) for the quarter ended Sept. 30, compared to a loss of 87.38 billion rupees a year ago, helped by an increase in tariffs.

However, analysts' on average estimated a loss of 64.57 billion rupees, according to data compiled by LSEG.

Vodafone Idea's user base fell 2.4% sequentially and 6.7% year-on-year to 205 million as of Sept. 30, smaller than Jio's 478.8 million and Airtel's 407 million.

The decline resulted from the subscriber base, including 4G users, switching to cheaper alternatives like state-owned BSNL following price hikes.

All three Indian mobile carriers—Jio, Airtel, and Vodafone Idea—increased their tariffs in June for the first time in over two years, marking a shift in their strategy from aggressive competition for market share towards increasing profitability.

The increase in tariffs helped boost Vodafone Idea's average revenue per user (ARPU), a key performance metric for telecom firms, by 7.8% sequentially and 17% year-on-year to 166 rupees during the quarter.

However, its ARPU lagged behind that of Reliance Industries RELI.NS-owned Jio's 195.1 rupees and Bharti Airtel BRTI.NS's 233 rupees for the same period.

Vodafone Idea, formed by a merger between the Indian arm of the UK's Vodafone Group VOD.L and Aditya Birla Group's Idea Cellular in 2018, has posted a loss every quarter as it loses ground to larger rivals Airtel and Jio.

Vodafone Idea's revenue from operations during the quarter rose about 2% to 109.3 billion rupees, but fell short of analysts' estimates of 112.65 billion rupees.

Airtel and Jio previously reported upbeat quarterly profits led by the price hikes.

($1 = 84.3560 Indian rupees)

(Reporting by Aleef Jahan and Nishit Navin in Bengaluru; Editing by Abinaya Vijayaraghavan)

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NEW DELHI, Nov 12 (Reuters) - Elon Musk's Starlink is seeking security clearance for a licence to offer satellite broadband services in India and will get a permit if it satisfies all conditions, the telecoms minister said on Tuesday.

Starlink has been looking to enter India for years and its plans got a major boost last month when New Delhi said it wouldn't auction spectrum for satellite broadband but rather award it administratively - just as Musk wanted. Rival Indian telecom billionaire Mukesh Ambani had wanted an auction.

Indian telecom minister Jyotiraditya Scindia said on Tuesday that Starlink was in the process of obtaining security clearance, which requires it to satisfy New Delhi that the company processes and stores data locally, and that its satellite signals are secure.

"When you check all the boxes, you get the licence. If they (Starlink) do that, we will be very happy," Scindia said at an event in New Delhi.

Security clearance would take Starlink one step closer to Musk's plans to offer broadband to Indians, a market Ambani's Reliance Jio currently dominates with 14 million wired subscribers.

Ambani, Asia's richest man, also has more than 479 million Indian telecom users, but is concerned that after spending $19 billion in airwave auctions, he now risks losing broadband customers and potentially data and voice clients to Musk as technology advances, Reuters has previously reported.

Reliance already has security clearance to launch satellite broadband services, according to a source with direct knowledge.

Starlink has told the Indian government it is willing to comply with all of New Delhi's security requirements, said another source familiar of the matter.

After security clearance is obtained, companies still need to obtain spectrum to start offering satellite broadband services.

Ambani once gave data for free on his mobile plans, and Musk has adopted similarly aggressive tactics. In Kenya, Musk priced Starlink at $10 per month, versus $120 in the United States, unsettling local telecom players.

(Reporting by Aditi Shah and Aditya Kalra; Editing by Mark Potter)

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Recasts with details, comments from executives

By Munsif Vengattil and Aditi Shah

BENGALURU, Nov 8 (Reuters) - Mukesh Ambani's Reliance pressed India's telecom watchdog on Friday to reconsider its plan not to auction satellite spectrum but to simply allocate it, in a fresh clash with Elon Musk's Starlink.

India's telecoms Minister Jyotiraditya Scindia last month said the government would allocate spectrum administratively in line with global trends but a final notification on how spectrum is given out will come after the telecom watchdog TRAI gives its feedback.

Musk's Starlink has expressed interest in launching in India following a successful launch in Africa which left local players bruised by low broadband prices and favours the government's approach to allocating spectrum.

Ravi Gandhi, a top Reliance policy executive, urged the telecom regulator TRAI on Friday, however, to review the decision, noting in an open house discussion hosted by TRAI that the move to allocate spectrum administratively is "the most discriminatory method of assigning any kind of government resource".

Starlink India executive Parnil Urdhwareshe on the other hand said India's allocation plan was "forward-looking".

Billionaire Ambani runs India's biggest telecom company, Reliance Jio. Analysts say a spectrum auction, requiring much more investment, would likely deter foreign rivals.

The TRAI's recommendations, which will be formed over coming weeks, will be critical in deciding the future course of how satellite spectrum is doled out.

Reliance, which has dominated India's telecom sector for years, is concerned that after spending $19 billion in airwave auctions it risks losing broadband customers to Musk, and potentially even data and voice clients later as technology advances, Reuters previously reported.

The methodology of giving out spectrum for satellite services in India has been a topic of contention between the billionaires.

Musk's Starlink, a unit of SpaceX, has 6,400 active satellites orbiting earth to provide low-latency broadband to 4 million customers.

Ambani once gave data for free on his mobile plans, but Musk is no stranger to such tactics.

In Kenya, Musk priced Starlink at $10 per month, versus $120 in United States, with rental plans available for higher hardware cost. Kenya's Safaricom in July complained to local regulators, calling for players like Starlink to be required to partner with mobile networks, and not operate independently.

(Reporting by Munsif Vengattil, Aditi Shah and Aditya Kalra; Editing by Lincoln Feast and Elaine Hardcastle)

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Nov 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0.12%.

* RATES: The Bank of England is likely to cut interest rates on Thursday for only the second time since 2020 but the big question for investors is whether the BoE sends a signal about its subsequent moves after the government's inflation-raising budget.

* RECKITT: Private equity groups Advent International and Apollo Global APO.N are among firms considering a potential buyout of consumer goods company Reckitt's RKT.L homecare assets, Bloomberg News reported, citing people familiar with the matter.

* HSBC: HSBC Holdings HSBA.L is planning to issue a 3-year, 3 billion yuan ($417.8 million) panda bond, according to a term sheet seen by Reuters.

* RIO TINTO: U.S. president-elect Donald Trump's new administration should focus on speeding up the permitting process to ensure there is enough copper for the energy transition, said a Rio Tinto executive, referring to its stalled Arizona mine.

* EX-DIVS: HSBC, BP BP.L, Airtel Africa AAF.L and JD Sports JD.L will trade without entitlement to their latest dividend pay-outs on Thursday.

* FTSE: The UK's benchmark FTSE 100 slipped as losses in shares of homebuilders and precious miners countered an upbeat global market sentiment following Republican Donald Trump's election as U.S. president.

* UK CORPORATE DIARY:

* For more on the factors affecting European stocks, please click on: LIVE/

TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB

(Reporting by Prerna Bedi in Bengaluru)

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Nov 4 (Reuters) - BEYON BEYON.BH:

• SURE COMPLETED ITS 100% ACQUISITION OF AIRTEL VODAFONE IN THE CHANNEL ISLANDS, UK

• ACQUISITION WILL RESULT IN INVESTMENT OF £48 MILLION IN BUILDING NEW 5G MOBILE NETWORK ACROSS ISLANDS

• SURE AND AIRTEL VODAFONE WILL OPERATE SEPARATELY INITIALLY

Source text: ID:nBHBVVvPZ

Further company coverage: BEYON.BH

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MUMBAI, Oct 31 (Reuters) - India's Bharti Telecom, the holding company of Bharti Airtel BRTI.NS, aims to raise 111.50 billion rupees ($1.33 billion) through its biggest-ever bond issue, three bankers said on Thursday.

The bankers said the company aims to raise funds through a six-part bond issue: 20 billion rupees each through three-year, and three-year and 10-day bonds; 16.50 billion rupees through four-year bonds; 25 billion rupees via five-year bonds and 15 billion rupees each through seven-year and 10-year papers.

It has invited bids for all the options on Monday for what is its first bond issuance in nearly a year, they added.

The company did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on Oct. 31

*Size includes base plus greenshoe for some issues

($1 = 84.0770 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)

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** Nomura estimates India's Bharti Airtel's BRTI.NS average revenue per user (ARPU) will rise to 269 rupees in FY26 from 233 rupees in Q2FY25

** Expects ARPU to hit 304 rupees in FY27, a 30% increase over Q2 FY25, on continued benefit from higher-quality subscribers vs peers

** BRTI's ARPU grew ~15% and 5.5% in Q2FY25 and Q1FY25, respectively

** Nomura also expects Co to benefit from net debt peaking out, declining capex, robust operating cashflows

** Nomura keep 'buy", raises TP to 1,850 rupees from 1,650 rupees

** BRTI shares off 0.1% at about 1,635 rupees; Rival Vodafone Idea VODA.NS down 2.4%

(Reporting by Aleef Jahan in Bengaluru)

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Oct 29 (Reuters) - Bharti Airtel Ltd BRTI.NS:

• INDIA BHARTI AIRTEL CEO: GOING AHEAD, SEE STRONG GROWTH POTENTIAL IN NON-MOBILE PORTFOLIO

• BHARTI AIRTEL CEO: FULL BENEFIT OF TARIFF REPAIR TO ACCRUE OVER NEXT 2 QUARTERS

Source text: [ID:]

Further company coverage: BRTI.NS

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Oct 28 (Reuters) - Bharti Airtel BRTI.NS reported a smaller-than-expected second-quarter profit on Monday, as the telecom operator's expenses outweighed gains from its first tariff hike in over two years.

India's No.2 wireless carrier's consolidated net profit climbed 168% to 35.93 billion rupees ($427.49 million) in the July-September quarter, missing analysts' average estimate of 44.83 billion rupees, as per data compiled by LSEG.

($1 = 84.0490 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Abinaya Vijayaraghavan)

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