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

Airtel’s quarterly consolidated revenue rose 22 percent to Rs. 25,785 crores.

Share on Facebook Tweet Snapchat Share Reddit Comment
Airtel Posts Highest-Ever Quarterly Revenue on Higher Tariffs, Data Usage

Airtel's 4G data customers rose by 14.4 million to 152.7 million for the quarter ended September 30

Highlights
  • Indian telecom operators are grappling with low tariffs
  • This is due to price war that ensued after Reliance Jio entered the space
  • Aiterl's quarterly consolidated revenue rose 22 percent

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.

Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Further reading: Airtel, Reliance, Jio
iPhone 12, iPhone 12 Pro Users May Need to Re-Enable COVID-19 Contact Tracing When Switching: Report

Related Stories

 
 

Advertisement

Advertisement

© Copyright Red Pixels Ventures Limited 2020. All rights reserved.
Listen to the latest songs, only on JioSaavn.com