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Tag: Bharti Airtel Limited

  • Broadband subscriber growth picks up in October 2019

    Broadband subscriber growth picks up in October 2019

    BENGALURU: Overall broadband internet subscribers in India grew by 1.866 crore or 2.98 per cent  in the month ended 31 October 2019 (Oct-19) from the numbers reported by the Telecom Regulatory Authority of India for the month ended 30 September 2019 (Sep-19). TRAI reported 62.542 crore (625.42 million or 6,254.2 lakh) broadband internet subscribers across all segments for Sep-19. This number grew to 64.408 crore (644.08 million or 6,440.8 lakh) in Oct-19 as per the latest numbers published by Trai.

    Subscriber growth for Oct-19 was the third highest over a 22-month period starting Jan-18 until Oct-19 in absolute numbers. In percentage terms, Oct-19 saw the ninth highest growth during the same period. Over the period under consideration in the paper, broadband internet subscriber growth has been on a decline as is evident from the black trend line the graph below:

    The figure below shows the subscriber growth ranking for the months during the period under consideration in this paper in terms of absolute growth numbers as well as per centage terms.

    Trai data reveals that broadband subscribers grew by 1.857 crore (18.57 million or 185.7 lakh) or 3.06 per cent to 62.441 crore in Oct-19 from 60.584 crore (605.84 million or 6,054.8 lakh) in Sep-19 on the Mobiles (Phones and dongles) segment. Wired broadband internet segment grew by 0.007 crore (0.07 million or 0.07 lakh) or 0.37 per cent in Oct-19 to 1.908 crore(19.08 million or 190.8 lakh) from 1.901 crore (19.01 million or 190.1 lakh) in Sep-19. Fixed wireless – WiFi, WiMax, Point to Pont, Radio, Vsat subscribers grew 0.002 crore (0.02 million or 0.2 lakh) or 4.22 per cent to 0.059 crore (0.59 million or 5.9 lakh) in Oct-19 from 0.057 crore (0.57 million or 5.7 lakh) in the previous month.

    Please refer to the figure below.

    Top 5 Broadband Internet Subscribers

    According to Trai data, the top five broadband internet service providers constituted 98.98 per cent market share of the total broadband subscribers at the end of Oct-19. These service providers were Reliance JioInfocom Ltd 36.512 crore (365.12 million or 3,651.2 lakh), Bharti Airtel 13.286 crore (132.86 million or 1,328.6 lakh), Vodafone Idea 11.580 crore (115.80 million or 1,158 lakh), BSNL 2.27 crore (22.27 million or 2,227 lakh) and Atria Convergence 0.149 crore (1.49 million or 14.9 lakh).

    Top 5 wireless broadband internet subscribers

    As on 31 October, 2019, the top five wireless broadband service providers were Reliance Jio Infocom Ltd with 36.433 crore (364.33 million or 3,643.3 lakh), Bharti Airtel with 13.045 crore (130.45 million or 1,304.5 lakh), Vodafone Idea with 11.578 crore (115.78 million or 1,157.8 lakh), BSNL with 1.364 crore (13.64 million 136.4 lakh) and MTNL with 0.02 crore (0.20 million or 20 lakh) subscribers.

    Top 5 wired broadband internet subscribers

    As on 31 October, 2019, the top five Wired Broadband Service providers were BSNL with 0.862 crore (8.62 million, 86.2 lakh), Bharti Airtel 0.24 crore (2.40 million or 24 lakh), Atria Convergence Technologies with 0.149 crore (1.49 million or 14.9 lakh), Hathway Cable & Datacom with 0.087 crore (0.87 million or 8.7 lakh) and Reliance Jio Infocomm Ltd with 0.079 crore (0.79 million or 7.9 lakh). Reliance Jio Infocomm Limited is a new entrant to the top 5 list in October 2019. It replaced You Broadband which had 0.075 crore (0.75 million or 7.9 lakh) broadband internet subscribers in Sep-19. BSNL and Bharti Airtel Limited both lost wired broadband internet subscribers in Oct-19.

    The top five wired broadband internet service providers lost 80,000 subscribers in Oct-19. Since the wired internet broadband subscriber base grew by 70,000 during the same period, other smaller service providers which include MSOs and LCOs must have added 150,000 subscribers in Oct-19.

  • Middling broadband subscriber growth in November 2019

    Middling broadband subscriber growth in November 2019

    BENGALURU: Overall broadband internet subscribers in India grew by 1.719 crore or 2.67 percent  in the month ended 30November 2019 (Nov-19) from the numbers reported by the Telecom Regulatory Authority of India for the month ended 30 October 2019 (Oct-19). Trai had reported 64.408 crore (644.48 million or 6,440.8 lakh) broadband internet subscribers across all segments for Oct-19. This number grew to 66.127 crore (661.27 million or 6,612.7 lakh) in Nov-19 as per the latest numbers published by Trai.

    Subscriber growth for Nov-19 was the fifth highest over a 23 month period starting Jan-18 until Nov-19 in absolute numbers. In percentage terms, Nov-19 saw the twelfth highest growth during the same period. Over the period under consideration in the paper, broadband internet subscriber growth has been on a decline as is evident from the black trend line the graph below:

    The figure below shows the subscriber growth ranking for the months during the period under consideration in this paper in terms of absolute growth numbers as well as percentage terms.

    Trai data reveals that broadband subscribers grew by 1.713 crore (1.713 million or 171.3 lakh) or 2.74 percent to 64.154crore (641.54 million, 6,415.4 lakh) in Nov-19 from 62.441 crore (624.41 million or 6,244.1 lakh) in Oct-19 on the Mobiles (Phones and dongles) segment. Wired broadband internet segment grew by 0.005 crore (0.05 million or 0.05 lakh) or 0.28 percent in Nov-19 to 1.913 crore(19.13 million or 191.3 lakh) from 1.908 crore (19.08 million or 190.8 lakh) in Oct-19. Fixed wireless – WiFi, WiMax, Point to Pont, Radio, Vsat subscribers grew 0.001 crore (0.01 million or 0.1 lakh) or 0.47 percent to 0.06 crore (0.6 million or 6 lakh) in Nov-19 from 0.059 crore (0.59 million or 5.9 lakh) in the previous month.

    Please refer to the figure below.

    Top 5 Broadband Internet Subscribers

    Top five service providers constituted 98.99 percent market share of the total broadband subscribers at the end of Nov-19. These service providers were Reliance Jio
    Infocomm Ltd with 37.076 crore (370.76 million, 3,707.6 lakh) subscribers, Bharti Airtel with 13.992 (139.92 million, 1,399.2 lakh) subscribers, Vodafone Idea with 11.989 crore (119.89 million, 1,198.9 lakh) subscribers, BSNL with 2.254 crore (22.54 million, 225.4 lakh)  subscribers and Atria Convergence with 0.15 crore (1.50 million, 15 lakh) subscribers.

    Top 5 Wireless broadband Internet Subscribers

    As on 30th November, 2019, the top five Wireless Broadband Service providers were Reliance Jio Infocom Ltd  with 36.993 crore (369.93 million, 3,699.3 lakh) subscribers, Bharti Airtel with 13.751 crore (137.51 million, 1,375.1 lakh) subscribers, Vodafone Idea with 11.987 crore (119.87 million, 1,198.7 lakh)BSNL with 1.402 crore (14.02 million, 140.2 lakh) and MTNL 0.02 crore (0.20 million, 2 lakh).

    Top 5 Wired broadband Internet Subscribers

    As on 30th November, 2019, the top five Wired Broadband Service providers were BSNL with 0.851 crore (8.51 million, 85.1 lakh) subscribers, Bharti Airtel with 0.241 crore (2.41 million, 24.1 lakh) subscribers, Atria Convergence Technologies with 0.15 crore (1.50 million, 15 lakh) subscribers, Hathway Cable & Datacom with 0.088 crore (0.88 million, 8.8 lakh) subscribers and Reliance JioInfocomm Ltd with 0.083 crore (0.83 million, 8.3 lakh).Reliance JioInfocomm Limited was a new entrant to the top 5 list in October 2019. It replaced You Broadband which had 0.075 crore (0.75 million or 7.9 lakh) broadband internet subscribers in Sep-19. BSNL lost wired broadband internet subscribers in Nov-19. 

    The top 5 wired broadband internet service providers lost 40,000 subscribers in Nov-19. Since the wired internet broadband subscriber base grew by 50,000 during the same period, other smaller service providers which include MSOs and LCOs must have added 90,000 subscribers in Nov-19.
     

  • Broadband subscriber growth picked up in Oct-19

    Broadband subscriber growth picked up in Oct-19

    BENGALURU: Overall broadband internet subscribers in India grew by 1.866 crore or 2.98 percent  in the month ended 31 October 2019 (Oct-19) from the numbers reported by the Telecom Regulatory Authority of India for the month ended 30 September 2019 (Sep-19). Trai had reported 62.542 crore (625.42 million or 6,254.2 lakh) broadband internet subscribers across all segments for Sep-19. This number grew to 64.408 crore (644.08 million or 6,440.8 lakh) in Oct-19 as per the latest numbers published by Trai.

    Subscriber growth for Oct-19 was the third highest over a 22 month period starting Jan-18 until Oct-19 in absolute numbers. In percentage terms, Oct-19 saw the ninth highest growth during the same period. Over the period under consideration in the paper, broadband internet subscriber growth has been on a decline as is evident from the black trend line the graph below:

    The figure below shows the subscriber growth ranking for the months during the period under consideration in this paper in terms of absolute growth numbers as well as percentage terms.

    Trai data reveals that broadband subscribers grew by 1.857 crore (18.57 million or 185.7 lakh) or 3.06 percent to 62.441 crore in Oct-19 from 60.584 crore (605.84 million or 6,054.8 lakh) in Sep-19 on the Mobiles (Phones and dongles) segment. Wired broadband internet segment grew by 0.007 crore (0.07 million or 0.07 lakh) or 0.37 percent in Oct-19 to 1.908 crore(19.08 million or 190.8 lakh) from 1.901 crore (19.01 million or 190.1 lakh) in Sep-19. Fixed wireless – WiFi, WiMax, Point to Pont, Radio, Vsat subscribers grew 0.002 crore (0.02 million or 0.2 lakh) or 4.22 percent to 0.059 crore (0.59 million or 5.9 lakh) in Oct-19 from 0.057 crore (0.57 million or 5.7 lakh) in the previous month.

    Please refer to the figure below.

    Top 5 Broadband Internet Subscribers

    According to Trai data, the top five broadband internet service providers constituted 98.98 percent market share of the total broadband subscribers at the end of Oct-19. These service providers were Reliance JioInfocom Ltd 36.512 crore (365.12 million or 3,651.2 lakh), Bharti Airtel 13.286 crore (132.86 million or 1,328.6 lakh), Vodafone Idea 11.580 crore (115.80 million or 1,158 lakh), BSNL 2.27 crore (22.27 million or 2,227 lakh) and Atria Convergence 0.149 crore (1.49 million or 14.9 lakh).

    Top 5 Wireless broadband Internet Subscribers

    As on 31October, 2019, the top five Wireless Broadband Service providers were Reliance Jio Infocom Ltd with 36.433 crore (364.33 million or 3,643.3 lakh), Bharti Airtel with 13.045 crore (130.45 million or 1,304.5 lakh), Vodafone Idea with 11.578 crore (115.78 million or 1,157.8 lakh), BSNL with 1.364 crore (13.64 million 136.4 lakh) and MTNL with 0.02 crore (0.20 million or 20 lakh) subscribers.

    Top 5 Wired broadband Internet Subscribers

    As on 31 October, 2019, the top five Wired Broadband Service providers were BSNL with 0.862 crore (8.62 million, 86.2 lakh), Bharti Airtel 0.24 crore (2.40 million or 24 lakh), Atria Convergence Technologies with 0.149 crore (1.49 million or 14.9 lakh), Hathway Cable & Datacom with 0.087 crore (0.87 million or 8.7 lakh) and Reliance JioInfocomm Ltd with 0.079 crore (0.79 million or 7.9 lakh). Reliance JioInfocomm Limited is a new entrant to the top 5 list in October 2019. It replaced You Broadband which had 0.075 crore (0.75 million or 7.9 lakh) broadband internet subscribers in Sep-19. BSNL and Bharti Airtel Limited both lost wired broadband internet subscribers in Oct-19. 

    The top 5 wired broadband internet service providers lost 80,000 subscribers in Oct-19. Since the wired internet broadband subscriber base grew by 70,000 during the same period, other smaller service providers which include MSOs and LCOs must have added 150,000 subscribers in Oct-19.
     

  • Broadband internet subscriber growth petering out?

    Broadband internet subscriber growth petering out?

    BENGALURU: Has the broadband internet subscriber growth in the country started petering out in 2019? Analysis of Telecom subscription data furnished by the Telecom Regulatory Authority of India (TRAI) indicates that month-on-month subscriber growth rates are reducing despite the stupendous growth at the start of calendar year 2019 (CY 2019). The latest data from TRAI is for the month ended 30 September 2019 or Sep-19 (month under consideration). Sep-19 saw broadband internet subscribers grow by just 0.999 crore in net absolute numbers, or by 1.62 percent from the previous month Aug-19. In absolute number of subscriber additions, Sep-19 was ranked 15 over a 21 month period and was ranked 17 over the same period in percentage terms.

    Please refer to the figure below:

    During the 21 month period under consideration in this paper, Jan-19 saw the highest number of subscriber additions at 2.149 crore (21.49 million or 214.9 lakh). Jan-19 was ranked third during the 21 month period in terms of percentage growth at 4.1 percent. Mar-18 saw the highest subscriber growth in percentage terms at 5.2%. In absolute numbers, Mar-19 saw the second highest number of subscriber addition at 2.054 crore (20.54 million, 205.4 lakh).

    Please refer to the figure below:

    Broadband Internet Segment Trends

    TRAI has segmented Broadband internet into 3 main platforms, viz. Wired; Mobiles (Phones and dongles); and Fixed wireless- WiFi, Wi Max, Point to Point, Radio, Vsat. As has been the norm, the Mobile (Phones and dongles) had the highest subscriber growth in terms of absolute numbers at 0.929 crore or 9.29 million or 92.9 lakh (at 1.97 percent) in Sep-19 over Aug-19. In percentage terms, the Wired Broadband internet segment had the highest growth in Sep-19 over Aug-19 at 3.96 percent. Please refer to the figure below:

    Overall Broadband Internet Subscribers on all platforms

    The top five service providers constituted 98.96 percent market share of the total broadband subscribers at the end of Sep-19. These service providers were Reliance Jio Infocom Ltd 35.593 crore (355.93 million, 3,559.3 lakh) subscribers, Bharti Airtel with 12.783 crore (127.83 million, 1,278.3 lakh) subscribers, Vodafone Idea with 11.219 crore (112.19 million, 1,121.9 lakh) subscribers, BSNL with 2.152 crore (21.52 million, 215.2 lakh) subscribers and Atria Convergence 0.148 crore (1.48 million, 14.8 lakh) subscribers. All the five players saw subscriber growth in Sep-19.

    Wireless Broadband Internet Subscribers

    The top five Wireless Broadband Service providers were Reliance Jio Infocom Ltd with 35.522 crore (355.22 million, 3,552.2 lakh) subscribers , Bharti Airtel with 12.542 crore (125.42 million, 1,254.2 lakh) subscribers, Vodafone Idea with 11.217 crore (112.17 million, 1,121.7 lakh) subscribers, BSNL with 1.282 crore (12.82 million, 128.2 lakh) subscribers and MTNL with 0.021 crore (0.21 million, 2.1 lakh) subscribers. The first four ranks saw their subscribers grow, while MTNL witnessed a flat growth in Sep-19.

    Wired Broadband Internet Subscribers

    The top five Wired Broadband Service providers were BSNL with 0.869 crore (8.69 million, 86.9 lakh) subscribers, Bharti Airtel with 0.241 crore (2.41 million, 24.1 lakh) subscribers, Atria Convergence Technologies with 0.148 crore (1.48 million, 14.8 lakh) subscribers, Hathway Cable & Datacom with 0.086 crore (0.86 million, 8.6 lakh) subscribers and You Broadband with 0.075 crore (0.75 million, 7.5 lakh) subscribers.

    Wired broadband subscriber base grew by 69,000 according to TRAI data, but the top 5 Wired Broadband Internet players saw their combined subscriber base erode by 80,000. This indicates that the other internet service players which include MSOs’s and LCOs’ added 0.0149 crore (0.149 million or 1.49 lakh). Among the top 5 wired broadband internet players, it was only the public sector that saw erosion of its subscriber base – by 0.01 crore (0.1 million, 1 lakh). ACT and Hathway saw subscriber additions of 10,000, while Airtel and You Broadband saw no fresh subscriber additions.

  • Airtel Digital TV revenue and profit up as Bharti Airtel reports record loss

    Airtel Digital TV revenue and profit up as Bharti Airtel reports record loss

    BENGALURU: Indian telecom major Bharti Airtel reported 17 percent y-o-y increase in revenue for its Digital TV Services for the quarter ended 30 September 2019 (Q2 2020, quarter or period under review) as compared to the corresponding year-ago quarter Q2 2019. The company says that with the adoption of IndAS 116, effective 1 April 2019, the results and ratios of periods commencing 1 April  2019 are not comparable with previous periods.

    Further, pursuant to reporting changes in DTH effective April 1, 2019 (content cost becoming a Pass through expense) on comparable basis, the y-o-y revenue growth for the period ended 30 Sep 2019 is 17 percent (Quarter ended) and 16 percent (six months ended). EBITDA/ Total revenues is 43.3 percent for the quarter ended 30 Sep 2019 and 42.8 percent for the six months ended 30 Sep 2019 adjusting for the reporting changes.

    Without taking into accounting the adoption of IndAS 116, Airtel’s Digital Services revenue declined 22.9 percent y-o-y to Rs 789.3 crore in Q2 2020 from Rs 1,024.2 crore. Operating profit or EBIDTA for Airtel’s Digital TV Services increased 41.6 percent y-o-y in Q2 2020 to Rs 560.7 crore from Rs 396 crore. EBIT for the period under review increased 70 percent y-o-y to Rs 3,243 crore from Rs 1,905 crore.

    The company reported 14.2 percent increase in capex for Q2 2020 at Rs 205.2 crore as compared to Rs 179.7 crore in Q2 2019.

    Digital TV Services subscription numbers

    Airtel Digital TV Services subscribers increased 9.7 percent y-o-y in Q2 2020 to 1.62 crore from 1.48 crore in Q2 2019. Airtel Digital TV Services had 1.6 crore subscribers in the immediate trailing quarter Q1 2018. The company reported net additions of 181,000 Digital TV subscribers in Q2 2020. Average revenue per user (ARPU) in Q2 2020 increased to Rs 162 from Rs 157 in the immediate trailing quarter, but was far lower than the Rs 232 in Q2 2019. In US$ terms, the company reported ARPU of $2.3, $2.2 and $3.3 for Q2 2020, Q1 2020 and Q2 2019 respectively. Monthly churn in Q2 2020 was higher at 1.6 percent as compared to 1.0 percent in the immediate trailing quarter Q1 2020 and 1.3 percent in the corresponding year ago quarter.

    Bharti Airtel Numbers

    Bharti Airtel consolidated revenues for Q2 2020 at Rs 21,131 crore grew 6.9 percent y-o-y (reported increase of 4.9Percent) on an underlying basis. India revenues for Q2 2020 at Rs 15,361 crore increased by 5.7 y-o-y (reported increase of 3.0percent) on an underlying basis. Mobile revenues witnessed a y-o-y growth of 7.1 percent. Mobile data traffic has nearly doubled to 4,497 PBs in the quarter as compared to 2,478 PBs in the corresponding quarter last year. Mobile 4G data customers increased by 56.9 percent to 10.31 crore from 6.57 crore in the corresponding quarter last year. Digital TV revenue witnessed a growth of 17.1 percent y-o-y on an underlying basis (decline of 22.9 percent on reported basis due to reporting changes in DTH pursuant to the new tariff order). Airtel Business has sustained its performance on ay-o-y basis.

    Bharti Airtel’s consolidated EBITDA at Rs 8,936 crore increased 40.9 percent y-o-y. Consolidated EBITDA margin increased by 10.8 percent to 42.3 percent in the quarter as compared to 31.5 percent in the corresponding quarter last year. Consolidated EBIT increased by 85.2 percent y-o-y to Rs 1,993 crore. Consolidated Net Loss before exceptional items for the quarter was  Rs 1,123 crore. The consolidated net loss after exceptional items for the quarter was Rs 23,045 crore.

    Company Speak

    Bharti Airtel MD and CEO Gopal Vittal said in a press release, “Despite being a seasonally weak quarter, we witnessed positive revenue growth in Q2 on the back of various initiatives aimed at providing superior differential services through our Thanks platform. We continue to witness strong data traffic growth of approximately 81 percent y-o-y and added about 0.8 crore 4G customers on our network during the quarter. We remain committed to strengthening our network and providing a superior experience to our customers. On the AGR verdict of the Hon’ble Supreme Court, we continue to engage with the government and are evaluating various options available to us. We are hopeful that the government will take a considerate view in this matte given the fragile state of the industry.”

  • Jio, Airtel led wireless broadband subscriber growth in Aug-19

    Jio, Airtel led wireless broadband subscriber growth in Aug-19

    BENGALURU: MukeshDhirubhai Ambani’s largest startup in the world in the form of Reliance JioInfocomm Ltd (Jio) reported the largest growth in wireless broadband subscribers for the month ended 31 August 2019 (Aug-19) in terms of absolute numbers. The Sunil Mittal headed Bharti Airtel reported the largest growth in percentage terms for the same period. While Jio’swireless broadband subscriber base grew by 0.305 crore (3.05 million or 30.5 lakh) or by 0.9 percent, Airtels’ subscriber base grew 2.3 percent or 0.276 crore (2.76 million, 27.6 lakh) in Aug-31 as compared to Jul-19. The top 5 wireless internet subscriber base grew 1 percent or by 0.612 crore (6.12 million, 61.2 lakh) in Aug-19 as compared to Jul-19.

    Please refer to the chart below:

    Top 5 Broadband Internet service providers across all platforms

    The top five broadband service providers constituted 98.96 percent market share of the total broadband subscribers at the end of Aug-19. These service providers were Jiowith 34.824 crore (348.24 million, 3,482.4 lakh) subscribers, Bharti Airtel with 12.67 crore (126.70 million, 1,267 lakh) subscribers, Vodafone Idea with 11.111 crore (111.11 million, 1,111,1 lakh) subscribers, BSNL with 2.15 crore (21.50 million, 215 lakh) subscribers and Atria Convergence Technologies  or ACT with 0.147 crore (1.47 million, 14.7 lakh) subscribers.

    Overall, the country’s broadband subscriber base across all platforms grew 1.87 percent in Aug-19 from Jul-19. Internet through mobiles and phones witnessed subscriber growth of 1.97 percent or 1.15 crore (11.5 million, 115 lakh) during the period under review as compared to the previous month. Wired broadband internet subscriber base declined by 20,000 or by 1.08 percent to 1.832 crore (18.32 million, 183.2 lakh) subscribers from 1.852 crore (18.52 million, 185.2 lakh) subscribers. Please refer to the chart below.

    The chart below shows the month-on-month (MOM) growth of broadband internet subscribers for a 20 month period starting Jan-18 till Aug-19. During this 20 month period, subscriber base growth was ranked 13 in terms of growth in absolute numbers and was ranked 14 in terms of percentage growth.

    Please refer to the chart below:

    Wired Broadband Internet Subscribers

    As on 31st August, 2019, the top five Wired Broadband Service providers were BSNL with 0.879 crore (8.79 million, 87.9 lakh) subscribers, Bharti Airtel with 0.241 crore (2.41 million, 24.1 lakh) subscribers, ACT with 0.147 crore (1.47 million, 14.7 lakh) subscribers, Hathway Cable & Datacom with 0.085 crore (0.85 million, 8.5 lakh) subscribers and You Broadband with 0.075 crore (0.75 million, 7.5 lakh) subscribers. BSNL saw its subscriber base decline by 0.026 crore (0.26 million, 2.6 lakh), Airtel saw its base grow by 10,000 to 0.241 crore (24.1 million, 24.1 crore). The other three players among the top 5 wired internet service providers showed no change in the month of Aug-19 as compared to Jul-19.
     

  • Bharti Airtel board’s special committee recommends Rs 32,000 cr rights issue

    Bharti Airtel board’s special committee recommends Rs 32,000 cr rights issue

    BENGALURU: The Sunil Mittal-headed Indian telecom major Bharti Airtel Ltd (Airtel) has informed the bourses that its board of directors (the board) in its meeting held on. Thursday, February 28, 2019, has considered the recommendations of 'Special Committee of Directors for Fund Raising' and thereby approved the fund raising of up to Rs 32,000 crore through rights issuance of upto Rs 25,000 crore; and Perpetual Bond with equity credit up to Rs 7000 crore.

    The Perpetual bond of will be up to USD 1 billion (approximately Rs 7000 crore) denominated in foreign currency subject to price, market conditions and other terms and conditions as acceptable, and with conditions allowing for full accounting equity credit and subject to all applicable laws including under ECB Regulations.

    Further, the Board approved the following terms of the Rights Issue:

    a) Rights Issue Price: Rs 220 per fully paid equity share (including a premium of Rs 215 per fully paid equity share over face value of Rs 5 per share); and

    b) Rights entitlement ratio: 19 shares for every 67 shares held by eligible shareholders as on the record date.

    Airtel has not been very effective in countering what it termed in one of its media releases Mukesh Dhirubhai Ambani’s Reliance Jio Infocomm’s ‘predatory pricing’. The company has lost subscribers, wireless as well as wireless broad subscribers in the month of December 2018 as per Telecom Regulatory Authority of India (TRAI) latest monthly Telecom Reports. The company has not fared as well as in the past as per its quarterly report for the third quarter (Quarter ended December 31, 2018, Q3 2019).

  • Airtel Digital TV numbers up in Q3 2018

    Airtel Digital TV numbers up in Q3 2018

    BENGALURU: Bharti Airtel Ltd (Airtel) Digital TV services segment reported 7.1 per cent year-on-year (y-o-y) increase, 3.2 per cent y-o-y increase and 4.5 per cent y-o-y increase in operating revenues, EBITDA and EBIT respectively for the quarter ended 31 December 2018 (Q3 2019, quarter, period, under review) as compared to the corresponding year ago quarter. The company’s subscriber base increased 7.6 per cent y-o-y to reach 1.5 crore subscribers as on 31 December 2019.

    In the meantime, hit by Mukesh Dhirbhai Amabani’s relentless Reliance Jio Infocomm Ltd juggernaut, Airtel’s own numbers have been falling mainly due to the fall in numbers of its mobile services in India. 

    Airtel Digital TV services revenue for the period was Rs 1,033 crore as compared to Rs 964.3 crore for the corresponding year ago period. EBITDA for Q3 2019 was Rs 382.6 crore (37 per cent of operating revenue) as compared to Rs 370.8 crore (38.5 per cent of operating margin in Q3 2018. EBIT was Rs 156.8 crore for the quarter under review as compared to Rs 150 crore for the year ago quarter. Please refer to the figure below for the segment’s financial trends

    Airtel has reported increase in its Digital TV subscribers. As mentioned above Airtel Digital TV services subscriber base at the end of Q3 2019 stood at 1.5 crore, up 7.6 per cent y-o-y from 1.3937 crore in Q3 2018, and up 1.5 per cent quarter-on-quarter (q-o-q) from 1.4779 crore in Q2 2019. Subscriber churn per month in the quarter was same as the previous quarter at 1.3 per cent. In the year ago quarter Q3 2018, subscriber churn was 1.2 per cent. Please refer to the figure below for Airtel Digital TV subscriber trends.

    Average revenue per user for the quarter under review was down by Rs 2 in Q3 2019 at Rs 231 as compared to Rs 233 in Q3 2018 and down by Re 1 as compared to the Rs 232 for the immediate trailing quarter. Please refer to the figure below for Airtel Digital TV ARPU trends.

    Bharti Airtel numbers

    Airtel’s consolidated revenues for Q3 2019 at Rs 20,519 crore grew 1.9 per cent y-o-y (reported increase of 1.0 per cent) on an underlying basis- adjusted for international termination rate reduction.

    India revenues for Q3 2019 at Rs 14,768 crore have declined by 2.3 per cent y-o-y (declined 3.5 per cent on reported) on an underlying basis. Mobile revenues have witnessed a y-o-y de-growth of 4.0 per cent on an underlying basis primarily on account of the sustained pricing pressure in India Mobile segment.

    In a statement, Airtel MD and CEO of India and South Asia Gopal Vittal, MD said, “Our simplified product portfolio and premium content partnerships have played out well during the quarter, translating into one of our highest ever 4G customers additions of 11 million plus. Our mobile data volume continues to expand, with a y-o-y growth of 190 per cent. We have deployed 24K broadband sites during the quarter and remain committed to invest in capacities ahead of the demand curve and provide a superior customer experience. Effective this quarter, we have modified our customer base measurement to represent only transacting and revenue generating customers. “

    In a statement, Airtel’s MD and CEO for Africa’s Raghunath Mandavasaid,
    “Airtel Africa’s Gross Revenue grew by 11.2 per cent on a y-o-y basis. Data traffic grew by 61 per cent, voice minutes increased by 25 per cent and Airtel Money throughput grew by 29 per cent on a y-o-y basis. Consequently, EBITDA margin has expanded by 1.7 per cent y-o-y and stood at 37.2 per cent for the quarter. We continue to further invest in strong LTE network to enhance customer experience and build a competitive advantage.”
     

  • Airtel Digital TV numbers improve as parent company numbers fall again

    Airtel Digital TV numbers improve as parent company numbers fall again

    BENGALURU: The Sunil Mittal-led Indian telecom major with operations in 16 countries, Bharti Airtel Ltd (Airtel) reported a year on year (y-o-y) drop in numbers for the quarter ended 30 September 2018 (Q2 2019, period or quarter under review) as compared to the corresponding year ago quarter (Q2 2018). At the same time, its Digital TV services segment which contributes just about 9 percent or so to the overall numbers, had a 9 percent and 13 percent y-o-y increase in operating revenues and operating profit (EBITDA) during the period under review.  The results for the quarter under review of both – Airtel overall and its Digital TV segment are subdued versions of the previous quarter. The company’s board has declared an interim dividend of Rs 2.5 per share, which is a complete pass through of dividend received from its subsidiary

    Airtel reported a y-o-y increase in its overall as well Airtel Digital TV subscriber base along with an increase in mobile data traffic. However, the competitive environment has ensured y-o-y subduction of India mobile services and home services segment financials. Hence, the improved numbers from Airtel’s Digital TV services, its B2B – Airtel business services, its tower infrastructure services and its African operations numbers are reasons for cheer for the telecom behemoth.

    Overall, Airtel’s total revenues declined 6.2 percent y-o-y in Q2 2019 to Rs 20,422 crore from Rs 21,777 crore, while EBITDA declined 20.7 percent y-o-y to Rs 6,343 crore from Rs 8,004 crore. Net income declined to almost a third (down 65.4 percent) y-o-y to Rs 119 crore from Rs 343 crore. The company had a negative operating cash flow of Rs 1,341 crore in Q2 2019 as compared to a positive Rs 520 crore in Q2 2018.

    Airtel Digital TV

    As mentioned above, for its Digital TV segment, Airtel reported 9 percent y-o-y increase in operating revenues for Q2 2019 at Rs 1,024.2 crore as compared to Rs 936.9 crore. Airtel Digital TV Services EBITDA grew 13 percent y-o-y in the period under review to Rs 396 crore from Rs 351.7 crore. The company’s subscriber base increased by 1.33 lakh (0.133 millon, 0.0133 crore) in Q2 2019 to 147.79 lakh (14.779 million, 1.4779 crore) from 146.46 lakh (14.646 million, 1.4646 crore) in the immediate trailing quarter. In Q2 2018, the company had reported 135.21 lakh (13.521 million, 1.3521 crore) Digital TV subscribers.

    ARPU in the quarter under review increased by Rs 3 to Rs 232 as compared to Rs 229 in the immediate trailing quarter (Q4 2018) but was Re 1 lower than the Rs 233 in the corresponding year ago quarter. The US dollar has been rising with respect to the Indian rupee, hence in US$ terms, ARPU declined to US$ 3.3 in Q2 2019 from US$ 3.4 in Q1 2019 and declined 8.8 percent form the US$ 3.6 in Q2 2018. Churn increased to 1.3 percent in Q2 2019 as compared to 0.7 percent in Q1 2019, but was lower than the 1.4 percent in Q2 2018.

    Company speak

    Airtel MD and CEO of India and South Asia operations Gopal Vittal said, “Led by our focus on quality customers through simplified pricing and content partnerships, ARPU decline has moderated in this quarter. We remain focused on driving quality base growth with value adding propositions for our customers. We also remain committed to investing in enhanced capacities and have  deployed 27K+ broadband sites during the quarter, enabling a 239 per cent YoY growth in mobile data volumes.”

    Airtel MD and CEO of Africa operations Raghunath Mandava said, “Airtel Africa’s Gross Revenue grew by 11 per cent on a Y-o-Y basis. Data traffic grew by 53 percent, Voice minutes increased by 36 percent and Airtel Money throughput grew by 31 percent on a Y-o-Y basis. Consequently, EBITDA margin has expanded by ~4 percent Y-o-Y and stood at 37.1 percent for the quarter. We have stepped up our capex spends during the quarter to build a formidable LTE network. This positions us well to expand our profitable growth journey by enhancing customer experience with best in class network and products. This quarter also marks the first time where we are disclosing our region and product wise performance as it provides a more holistic view of our operations across the continent.”

  • Airtel Digital TV numbers up

    Airtel Digital TV numbers up

    BENGALURU: Indian telecom player Bharti Airtel Ltd (Airtel) reported 9.5 per cent and 10.7 per cent growth in operating revenue for its Airtel Digital TV Services (Airtel DTH) for the year and quarter ended 31 March 2018 (FY 2017-18; Q4 2017-18), respectively, as compared with the corresponding year ago periods. Airtel DTH’s operating revenue in FY 2017-18 was Rs 3,757 crore while in FY 2016-17 it was Rs 3,430.6 crore. Operating revenue in Q4 2017-18 was Rs 958.5 crore and in Q4 2016-17 it was Rs 865.7 crore.

    The company reported improved EBIDTA for both FY 2017-18 and Q4 2017-18. EBIDTA in FY 2017-18 increased by 16.4 per cent to Rs 1,422.6 crore (37.9 per cent of operating revenue) from Rs 1,221.9 crore (35.6 per cent of operating revenue). EBIDTA for the quarter rose by 17.4 per cent to Rs 370.1 crore (38.6 per cent of operating revenue) from Rs 315.3 crore (36.4 per cent of operating revenue) in the previous year.

    The company has increased its capital expenditure (capex) in FY 2017-18 as compared with the previous year. Total capex increased by 19.4 per cent to Rs 1,027.7 crore from Rs 860.8 crore in the previous year. Cumulative investment in FY 2017-18 was Rs 8,005.7 crore as compared with Rs 7,351.3 crore in FY 2016-17. Capex in Q4 2017-18 increased 48.9 per cent to Rs 206.4 crore as against Rs 138.6 crore in Q4 2016-17.

    Subscriber details

    Airtel reported 14.168 million Airtel DTH subscribers at the end of FY 2017-18. Quarter-on-quarter, its subscribers increased by 0.23 million. The company had reported 12.815 million subscribers at end of Q4 2016-17. Average revenue per user or ARPU for the quarter was Rs 228, the same as in Q4 2016-17, but declined from Rs 233 in the immediate trailing quarter. Monthly churn in Q4 2017-18 was lower at 1.1 per cent as compared with 1.2 per cent in Q4 2016-17 and Q3 2017-18.

    Airtel numbers

    Airtel’s annual consolidated revenue for FY 2017-18 at Rs 83,688 crore declined by 9.8 per cent over the previous year (reported drop of 12.3 per cent) on an underlying basis, led by decline of 11.7 per cent in India. Consolidated EBITDA at Rs 30,448 crore reflects an EBITDA margin of 36.4 per cent as compared with 37.3 per cent in previous year.

    Airtel’s consolidated revenue for Q4 2017-18 at Rs 19,634 crore declined by 5.4 per cent year-over-year (yoy) (reported drop of 10.5 per cent) on an underlying basis. India revenue for the quarter was Rs 14,796 crore shrunk by 7.5 per cent yoy (13.1 per cent on reported) on an underlying basis. Yoy decline was primarily caused by mobile drop of 13.5 per cent says the company. Consolidated EBITDA at Rs 7,034 crore declined 12.0 per cent yoy. Consolidated EBITDA margin decreased by 0.6 per cent to 35.8 per cent in the quarter as against 36.4 per cent.

    Airtel India and South Asia MD and CEO Gopal Vittal said, “The telecom industry continues to witness below cost, artificially suppressed pricing. Industry revenues were further adversely impacted this quarter due to the reduction in international termination rates. Our strategic investments in data capacities, innovative digital content through Airtel TV, customer friendly bundles and upgrade programs led to the highest-ever mobile data customer additions of 15 million during the quarter. Usage parameters remained robust on a yoy basis; we saw data and voice traffic grow 584 per cent and 55 per cent respectively. In line with our goal of building market-leading 4G networks, with best-in-class speeds and capacity; while supporting the digital India initiative, we have ended the financial year with our highest ever capital expenditure of Rs 240 billion. We intend to continue the rollout momentum next year as well.”

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