Giving outlook of the Bharti Airtel shares Ravi Menon and Ashish Agrawal, both are analyst at Elara Securities told in a written statement, "Bharti Airtel India wireless revenue at Rs 101.9bn was in line with our estimates and Africa revenue at Rs 59.0bn was 4.4 per cent ahead of estimates. Consolidated EBITDA at Rs 62.2bn was 2.1 per cent above estimates and down 0.4 per ent QoQ. India wireless average revenue per user (ARPU) at Rs 104 was up 2.9 per cent QoQ, led by the introduction of minimum recharge plan nationwide, price hike taken in December and addition of 11.4mn 4G subscribers. India wireless subscriber base declined 48.5mn QoQ to 284.2mn as Airtel revised its customer base definition from those active on the network to paying subscribers. Simplification of tariff plans and operational process improvement helped reduce SG&A cost by 3.9 per cent QoQ, and we expect this to sustain."