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{"id":69337,"date":"2023-05-04T09:12:23","date_gmt":"2023-05-04T09:12:23","guid":{"rendered":"https:\/\/www.announcement.news\/?p=69337"},"modified":"2023-05-04T09:12:23","modified_gmt":"2023-05-04T09:12:23","slug":"indias-bharti-airtel-beats-q3-revenue-view-on-rise-in-4g-users-4","status":"publish","type":"post","link":"https:\/\/www.announcement.news\/indias-bharti-airtel-beats-q3-revenue-view-on-rise-in-4g-users-4\/","title":{"rendered":"India's Bharti Airtel beats Q3 revenue view on rise in 4G users"},"content":{"rendered":"

BENGALURU, Feb 7 (Reuters) – Bharti Airtel Ltd , India’s<\/a> No.2 telecom carrier by subscribers, reported a bigger-than-expected increase in third-quarter revenue on Tuesday, helped by 4G subscriber additions and higher revenue per user.<\/p>\n

The company’s consolidated revenue from operations rose to 358.04 billion rupees ($4.33 billion) for the three months ended Dec.31, from 298.67 billion rupees a year earlier.<\/p>\n

Analysts, EvDeN eVE NakLiYAT<\/a> on average, had expected 357.27 billion rupees in revenue, according to Refinitiv IBES<\/a> data.<\/p>\n

Airtel said revenue from its India mobile services, which has about 332.24 million subscribers as of the December quarter, rose 20.8% to 193.53 billion rupees.<\/p>\n

Its 4G data customers, evDeN eVE NAkliyaT<\/a> too, increased by 6.4 million to hit 216.72 million.<\/p>\n

Airtel’s average revenue per user (ARPU), a key performance indicator for evDEn evE NAkliyAt<\/a> telecom firms, was at 193 rupees, logging a 1.6% sequential rise and an 18.4% year-on-year increase.<\/p>\n

Last month, market leader Reliance Jio, the telecom arm of conglomerate Reliance Industries, said its third-quarter ARPU stood at 178. If you have just about any issues about exactly where and how to make use of eVden eve naKliYaT<\/a>, you possibly can email us from our own page. 2 rupees per subscriber per month, Evden EVe NAKLiyat<\/a> an increase of only 0.6% from a quarter ago and a 17.5% climb from a year ago.<\/p>\n

Airtel added that mobile data consumption surged by 22.5% to 20.3 GB of usage per customer per month.<\/p>\n

The company’s net profit for the December quarter climbed to 15.88 billion rupees from 8.3 billion rupees a year ago.<\/p>\n

Airtel shares closed 0.4% lower at 785.9 rupees ahead of the results.They had fallen 5.1% since late October when the company reported September-quarter results that beat analysts’ revenue expectations. (Reporting by Rama Venkat in Bengaluru; Editing by Nivedita Bhattacharjee and Janane Venkatraman)<\/p>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

BENGALURU, Feb 7 (Reuters) – Bharti Airtel Ltd , India’s No.2 telecom carrier by subscribers, reported a bigger-than-expected increase in third-quarter revenue on Tuesday, helped by 4G subscriber additions and higher revenue per user. The company’s consolidated revenue from operations rose to 358.04 billion rupees ($4.33 billion) for the three months ended Dec.31, from 298.67 […]<\/p>\n","protected":false},"author":17440,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[5106],"tags":[5078],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/posts\/69337"}],"collection":[{"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/users\/17440"}],"replies":[{"embeddable":true,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/comments?post=69337"}],"version-history":[{"count":1,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/posts\/69337\/revisions"}],"predecessor-version":[{"id":69338,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/posts\/69337\/revisions\/69338"}],"wp:attachment":[{"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/media?parent=69337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/categories?post=69337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/tags?post=69337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}