Undoubtedly, Bharti Airtel is India's largest mobile services operator but soon this largest operator will be splitting its businesses into two broad verticals, reason being stated as a part of a restructuring exercise for its India and South Asia operations by the company.

Telecommunication giant Bharti Airtel has recorded a loss of 41% in its net income for the three month period ended December 2010.

The company's net income for the said period remained at Rs 1,303.3 crore as compared to Rs 2,194.9 crore during the corresponding period last fiscal.

TCS, Wipro, IBM, Tech Mah are the four IT majors, which have been short-listed by Bharti Airtel for its IT contract.

According to the sources, Bharti Airtel will have a large outsourcing deal on the cards and the deal is essentially of its inter-city fiber network for its management.

It is also said that the deal will have a time period of almost five years and it may cost around $500 million to $600 million.

As per the reports, ten IT majors had bid for Bharti IT deal, and out of them only four had been ranked by the Bharti.

Bharti Airtel, the country's largest GSM mobile phone operator, on Thursday announced its results for the quarter ended June 30, 2009.

The company reported a growth of 24.3% in its net profit at Rs 2,517 crore for the first quarter

According to the company, the rise in net profit is due to the growth in the number of rural subscribers and foreign currency benefits.

But the revenue growth of the company was impacted by the fall in mobile termination charge to 10 paise and stiff competition.