India mobile revenuessigns of stability in a tough environment Bharti's 1QFY19 consolidated Revenue/EBITDA came in 0.4%/1.3% ahead of our forecasts, thanks to 1.0%/3.5% beat in the India mobile segment. Excluding impact of Telenor consolidation, international termination rate [ITR] cut and some reduction in Tata ICR revenues, underlying mobile revenues were up on a sequential basis. Performance of Africa mobile was slightly ahead, while that of other segments was broadly in line. Reported PAT was INR 1.0bn against our forecast of 5.7bn net loss, thanks to 5.2bn of net exceptional income (mainly creation of deferred tax asset in Nigeria). Bharti's consolidated capex at INR...