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Compounding to the industry's woes, the telecoms regulator had also cut international termination charges (ITC) - paid by global long-distance operators to local carriers - to 30 paise from 53 paise, effective from February.
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"The telecom industry continues to witness below cost, artificially suppressed pricing," Gopal Vittal, Bharti Airtel's managing director and chief executive for India and South Asia, said in a statement on Tuesday.
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Revenue fell 10.5 per cent to Rs 19,634 crore rupees.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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