As Idea Gets Set to Post Results, Watch Bharti Shares

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January 29, 2013 6:34 PM EST

* Investors in Bharti Airtel Ltd are keenly waiting rival Idea Cellular Ltd's October-December earnings

results due later in the day.

* Idea is much smaller than Bharti in revenue terms, but both mobile carriers operate on GSM technology and have similar kinds

of subscribers.

* As well, both companies' mainstay is second-generation (2G) voice although there has been a greater push in recent months to

increase revenue from mobile data.

* That may help explain why Idea and Bharti shares have seen a correlation of 0.86 in the past three months.

* "Idea's numbers would also answer whether the 2G industry is growing or not, which should have bearing on Bharti too," said

an analyst tracking the sector.

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