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BRIEF-Moody's says Bharti's acquisition of Telenor India is credit positive
February 24, 2017 / 7:09 AM / 7 months ago

BRIEF-Moody's says Bharti's acquisition of Telenor India is credit positive

Feb 24 (Reuters) - Moody‘s:

* Moody‘s: Bharti’s acquisition of Telenor India is credit positive

* Moody’s - Expect that Bharti’s profitability will remain under pressure

* Moody’s - Mobile market in India remains intensely competitive following Reliance Jio Infocomm Limited’s launch in September 2016

* Moody’s on India telecom sector - Expect intense price competition to persist over the next few quarters

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