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{"id":72179,"date":"2023-05-15T21:19:52","date_gmt":"2023-05-15T21:19:52","guid":{"rendered":"https:\/\/www.announcement.news\/?p=72179"},"modified":"2023-05-15T21:19:52","modified_gmt":"2023-05-15T21:19:52","slug":"indias-bharti-airtel-beats-q3-revenue-view-on-rise-in-4g-users-7","status":"publish","type":"post","link":"https:\/\/www.announcement.news\/indias-bharti-airtel-beats-q3-revenue-view-on-rise-in-4g-users-7\/","title":{"rendered":"India's Bharti Airtel beats Q3 revenue view on rise in 4G users"},"content":{"rendered":"

BENGALURU, Feb 7 (Reuters) – Bharti<\/a> 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.<\/p>\n

The company’s consolidated revenue from operations rose to 358.04 billion rupees ($4. If you loved this article and you also would like to collect more info pertaining to EvdEn EVe NAkLiyaT<\/a> nicely visit our webpage. 33 billion) for the three months ended Dec.31, from 298.67 billion rupees a year earlier.<\/p>\n

Analysts, on average, had expected 357.27 billion rupees in revenue, according to Refinitiv IBES 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, too, eVDEN evE naKLiyat increased by 6.4 million to hit 216.72 million.<\/p>\n

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

Last month, eVDeN EVe NaKliyat<\/a> market leader Reliance Jio, EVDEn EVE naKliyAT<\/a> the telecom arm of conglomerate Reliance Industries, said its third-quarter ARPU stood at 178.2 rupees per subscriber per month, 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<\/a> 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. If you loved this article and you also would […]<\/p>\n","protected":false},"author":21613,"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\/72179"}],"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\/21613"}],"replies":[{"embeddable":true,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/comments?post=72179"}],"version-history":[{"count":1,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/posts\/72179\/revisions"}],"predecessor-version":[{"id":72180,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/posts\/72179\/revisions\/72180"}],"wp:attachment":[{"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/media?parent=72179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/categories?post=72179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/tags?post=72179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}