Can Airtel's Africa Safari offset Reliance Jio's jolt?

Turnaround of Africa business to the monetisation of tower assets decreasing debt levels: Analysts

The calming effect provided by Bharti Airtel’s Africa business in the fourth quarter, ended March 31, is expected to continue for a few more quarters, analysts said, and may even help alleviate the pressure in the domestic market mainly from rival Reliance Jio’s aggressive pricing strategy.

A fundamental analyst said that the company’s Africa performance is likely to improve in the next 2-3 quarters and may even offset Reliance Jio’s pressure in the domestic market. 

Even after attempts to reduce its debt and rationalise Africa operations, some experts remain sceptical about the Africa story that made the company’s margins bleed