Bengaluru: Operator Telecom Bharti Airtel Ltd.
on Tuesday reported better income from estimates for the third quarter, assisted by rising tariffs and additions on a 4G customer base.
Consolidated income from the company from the operation for the quarter ended December 31 rose to $ 4 billion from $ 3.5 billion a year ago.
Analysts expect revenues of $ 3.9 billion, according to Ibes refinitiv data.
Airtel said the average income per user (ARPU) – the main performance indicator in the telecommunications industry – was 163 rupees for the third quarter, up from 146 rupees a year ago.
This sector, who witnessed a fierce price war following the entry of Mukesh Reliance Jio billionaire in 2016, benefited from the increase in data usage during Covid-19 pandemics because more and more people worked with more people.
Against this background, Airtel at the end of November increases tariffs on prepaid plans, such as Reliance Jio and Vodafone, while repeating that the industrial cellular ARPU must be in 200 rupees, and in the end at 300 rupees, for a financially healthy business model.
On Tuesday, telecommunications companies also reported a leap of 18.1% on 4G customers during the quarter to 195.5 million.
Bharti Airtel Quarterly Revenue beat Estimate
