Bharti Airtel MD Gopal Vittal highlighted rising ARPU in India in its fiscal Q3 2024 (the period to 31 December 2023) but complained even at a higher level its return on capital remains low, pointing to the need for further tariff increases.
In an earnings statement, Vittal referred to a critical need to amend tariffs as being essential to the overall health of India’s mobile industry.
Net profit grew 54 per cent year-on-year to INR24.4 billion ($293.8 million) and revenue 5.9 per cent to INR379 billion.
Domestic revenue grew 11.4 per cent to INR278.8 billion.
ARPU rose 7.8 per to INR208.
Its subscriber base increased 4 per cent to 345.6 million.
The operator underscored gains in the post-paid segment with net additions of 900,000, excluding IoT connections.
Average monthly data usage rose 8.2 per cent to 22GB.
Africa revenue increased 21 per cent to $1.3 billion.
ARPU grew 8.8 per cent to $2.60.
Mobile subscribers increased 9.1 per cent to 151.2 million.
Data consumption rose 19 per cent to 5.5GB a month.
Airtel Money revenue grew 33.4 per cent to $230 million, with active users rising 19.5 per cent to 37.5 million and ARPU up 9.1 per cent to $2.10.
Group capex for the first nine months of fiscal 2024 was up 30 per cent to INR248.6 billion.
It added around 45,000 towers during 2023 for a total of 307,663 sites.
The post Airtel MD berates ARPU appeared first on Mobile World Live.
Commercials Cooperation Advertisements:
(1) IT Teacher IT Freelance
立刻註冊及報名電腦補習課程吧!
电子计算机 -教育 -IT 電腦班” ( IT電腦補習 ) 提供一個方便的电子计算机 教育平台, 為大家配對信息技术, 電腦 老師, IT freelance 和 programming expert. 讓大家方便地就能找到合適的電腦補習, 電腦班, 家教, 私人老師.
We are a education and information platform which you can find a IT private tutorial teacher or freelance.
Also we provide different information about information technology, Computer, programming, mobile, Android, apple, game, movie, anime, animation…
(2) ITSec
www.ITSeceu.uk
Secure Your Computers from Cyber Threats and mitigate risks with professional services to defend Hackers.
ITSec provide IT Security and Compliance Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training.
Contact us right away.
Email (Prefer using email to contact us):
SalesExecutive@ITSec.vip