Bangladesh goes Africa way for Bharti Airtel

Gopal Vittal took over as the CEO of Bharti Airtel (India) at a time when the company was under stress. The trump card — Vittal, which Sunil Mittal has played for a possible turnaround of the company, worked in favour.

The country’s largest cellular operator reported its first growth in profit after 15 consecutive quarters of fall in net profit, in October-December 2013, co-incidentally the quarter when Vittal took over, reports Business Standard.

Since then, Bharti Airtel continued to report growth in profits every quarter, ensuring better performance in the next one.

But, all is not well for the company. While Vittal was able to take tough but much-required corrective steps to ensure the India growth story, Africa continued to increase pressure on the company’s balance sheet. Added to its woes are now Bangladesh and Sri Lanka