Unless the company diversifies into another money minting operation like m-pesa,it is a rip off at current price of 4...infact it is a sell.But if you believe in the greater fool theory,you can buy...personally I dont.

The telco recently admitted for the first time that its loss-making African operations may not meet its target of $5 billion in revenues and $2 billion in core earnings, or EBITDA, for the year to March-end 2013.

Eight years after pioneering the business strategy of outsourcing all key functions and building the 'minutes factory' model of low cost and high volumes, a concept that has since been copied, Bharti is searching for its next big thing. Its profitability has tumbled for 10 consecutive quarters, as it is under attack from competitors in India and Africa revival is taking longer than anticipated.

This August, a host of brokerages — including Morgan Stanley, Credit Suisse, Citigroup and Goldman Sachs — downgraded the Bharti stock, as it hit a six-year low during the same month.