Airtel Posts Highest-Ever Quarterly Revenue on Higher Tariffs, Data Usage


Indian telecom operator Bharti Airtel reported its highest ever quarterly consolidated revenue on Tuesday, driven by higher tariffs and a rise in data usage from a coronavirus-fuelled shift to remote working.

Indian telecom operators, grappling with low tariffs due to a price war that ensued after Mukesh Ambani’s Reliance Jio entered the space, hiked prices last year as they were ordered to pay Rs. 92,000 crores in dues to the government.

That helped the company’s quarterly consolidated revenue rise 22 percent to Rs. 25,785 crores.

Average revenue per user at India’s second largest telecom operator rose to Rs. 162 for the quarter, from Rs. 128 a year earlier.

The company’s 4G data customers rose by 14.4 million to 152.7 million for the quarter ended September 30.

Consolidated loss for the quarter ended September 30 came in at Rs. 763 crores, compared with a loss of Rs. 23,045 crores a year earlier.

© Thomson Reuters 2020


Are iPhone 12 mini, HomePod mini the Perfect Apple Devices for India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.



Source link

Latest articles

Neha Kakkar and Rohanpreet Singh got married in a beautiful and lavish wedding ceremony and ever since the social media...

Brinda Karat Says NDA Is National Destruction Alliance

Brinda Karat said that migrant workers from Bihar have been the worst victims of NDA policies.Patna: Senior CPI-M leader Brinda Karat Tuesday termed...
Read more

Airtel Posts Highest-Ever Quarterly Revenue on Higher Tariffs, Data Usage

Indian telecom operator Bharti Airtel reported its highest ever quarterly consolidated revenue on Tuesday, driven by higher tariffs and a rise in data...

PM Modi Condoles Death Of Gujarat Musician Mahesh Kanodia And Actor Naresh Kanodia

PM Modi: "In a span of 2 days, we have lost both Maheshbhai and Nareshbhai Kanodia"New Delhi: Prime Minister Narendra Modi on Tuesday...
44.1k Followers
Follow
Previous articlePM Modi Condoles Death Of Gujarat Musician Mahesh Kanodia And Actor Naresh Kanodia
Next articleBrinda Karat Says NDA Is National Destruction Alliance

Related articles

Leave a reply

Please enter your comment!
Please enter your name here