MUMBAI: Shares in top mobile operator Bharti Airtel extended losses to over 5 percent on day, after it reported a lower than-expected 13 percent
rise in its quarterly net profit, as increasing number of low-paying users and competition from rivals weighed.

Shares in Bharti fell as much as 5.4 percent to 295.30 rupees, their lowest level in seven months.

At 12:22 a.m. (0649 GMT), Bharti was trading 5 percent lower at 296.50 rupees.

Bharti, whose tie-up talks with South Africa's MTN failed in September for a second time, denying it access to vast new markets and revenue streams, is facing tremendous competition at home.