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Airtel sees revenue surge on back of fixed broadband uptake, mobile price hike

1 Nov 2022

Indian telecoms group Bharti Airtel has recorded total revenues of INR345.3 billion (USD4.2 billion) for the three months ended 30 September 2022, an increase of 21.9% year-on-year. EBITDA for the group improved by 26.4% y-o-y to INR17.7 billion, leading net profit to almost double to INR2.1 billion from INR1.1 billion in the same period of 2021. The growth was primarily driven by its domestic operations, where continuing strong take-up in the fixed broadband segment combined with price increases in the mobile sector to push quarterly revenue and EBITDA to INR243.3 billion and INR126.1 billion respectively, from INR198.9 billion and INR98.6 billion.

Airtel counted a total of 501.495 million subscriptions across its entire group as at end-September 2022, up from 495.192 million three months earlier and 478.341 million in September 2021. Of that total, its Indian business made up 363.874 million accounts, followed by 134.660 million subscriptions in Africa and 2.961 million in Asia.

In terms of its domestic unit, Airtel counted some 327.8 million mobile subscriptions – an increase of 1.3% y-o-y – including 210.3 million 4G subscriptions (up 9.2% y-o-y). As a result of the operator’s tariff increases, however, mobile ARPU increased from INR153 in the quarter to end-September 2021 to INR190 during the period under review. Airtel’s fixed broadband subscriptions, meanwhile, continued to see strong growth thanks to its local cable operator (LCO) partnership model, with the number of subscriptions rising by 36.4% y-o-y to 5.2 million. ARPU remained high at INR646 but represented a decrease of 2.3% y-o-y due to increased competition in the segment.

India, Bharti Airtel

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