Case Study: 
No

Bharti Airtel witnessed its revenues decline by nearly $2.57b over FY2016-2018.

The dilution of Singtel’s stake in Bharti Airtel and lower losses of Airtel could help Singtel bounce back stronger over FY2020 and expand its associate contributions by 14% YoY from a projected 30% decline over FY2019, according to a report by DBS Equity Research.

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