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Bharti Falls as Lower Mobile-Phone Use Cuts Profit: Mumbai Mover

Bharti Airtel Ltd., India’s largest wireless operator, slumped the most in more than 1 1/2 years in Mumbai trading after unexpectedly reporting a profit decline because of lower mobile-phone use by customers.

The shares slid 6.5 percent, the most since May 2010, after New Delhi-based Bharti said third-quarter net income fell 22 percent to 10.1 billion rupees ($205 million). Profit was expected to rise to 13.9 billion rupees, according to the median of 25 analysts’ estimates compiled by Bloomberg.