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Tag: Telecom company

  • Q4 FY22: Bharti Airtel posts revenues of Rs 31,500 crore

    Q4 FY22: Bharti Airtel posts revenues of Rs 31,500 crore

    Mumbai: Telecom major Bharti Airtel has reported fourth quarter FY 2022 revenues of Rs 31,500 crore, up by 22.3 per cent year-on-year. The company’s consolidated net income stood at Rs 2,008 crore.

    The company reported consolidated revenue of Rs 116,567 crore up by 20.2 per cent YoY and consolidated net income of Rs 4,255 crore.

    The company’s India business posted quarterly revenues of Rs 22,500 crore, up 22.7 per cent YoY. The company’s mobile business grew by 25.1 percent on account of increase in average revenue per user (ARPU). The ARPU for the quarter stood at Rs 178 versus Rs 145 in the corresponding quarter last year.

    The company added 21.5 million 4G customers in the last year and has surpassed over 200 million 4G customers. The average data usage per data customer stood at 18.8 Gbs/month and voice usage per customer stood at 1083 minutes. Its home business segment revenues grew by 45.8 per cent YoY and customer net additions grew by ~323K during the quarter to reach a base of 4.5 million. Its digital TV business had a customer base of 17.6 million at the end of the quarter. Airtel Business grew by 12.9 per cent YoY. Airtel reported 189 million monthly active users (MAUs) across its digital assets including Thanks, Mynk and Xstream.

    “This has been another quarter to cap a full year of consistent and competitive performance across our portfolio,” said Bharti Airtel MD and CEO India and South Asia Gopal Vittal. “Our consolidated revenues for the quarter grew by 5.5 per cent and EBITDA margins expanded to 50.8 per cent, underscoring our focus on all round delivery. The mobile business revenues were up 9.5 per cent as we saw the full flow through of tariff increase. Airtel continues to have the highest ARPU at Rs 178. Our Homes and enterprise business continue to exhibit very strong growth momentum, reflecting the resilience of our overall portfolio. Our strong balance sheet and cash flows have enabled us to further repay some of our spectrum liabilities ahead of schedule and improve our leverage.”

    He further said, “We continue to remain optimistic about the opportunities in the coming years and believe we are well poised as a company for three reasons. First, our ability to execute consistently to a simple strategy of winning with quality customers and delivering the best experience to them. Second, our future proofed business model with massive investments in both infrastructure and digital capabilities. Finally, our financial prudence backed by our strong governance focus.”

  • Vodafone Idea reports consolidated loss of Rs 7,231 cr in Q3

    Vodafone Idea reports consolidated loss of Rs 7,231 cr in Q3

    Mumbai: Vodafone Idea on Friday reported a consolidated loss of Rs 7,230.9 crore for the third quarter ending December 2021. This is up from Rs 4,532.1 crore that the telecom major reported in the corresponding quarter previous year.

    It had posted a net consolidated loss of Rs 7,132 crore in the September quarter of 2021.

    The company’s revenues also declined to Rs 9717 crore a year-on-year. The total gross debt (excluding lease liabilities and including interest accrued but not due) for the company stands at Rs. 1,98,980 crore, comprising of deferred spectrum payment obligations of 1,11300 crore, AGR liability of Rs 64,620 crore that is due to the government and debt from banks and financial institutions of Rs. 23,060 crore.

    However, it improved its average revenue per user (ARPU) to Rs 115 up by 5.2 per cent quarter-on-quarter, due to several tariff interventions to improve ARPU, it said as it reported its Q3 results on Friday.

    The total subscriber base declined to 24.72 crore. However, 4G subscriber base continued to grow with 8 lakh customers added in Q3, 4G base now stands at 11.7 crore. Subscriber churn increased to 3.4 per cent versus 2.9 per cent in the previous quarter. The data usage per 4G subscriber is now at ~14 Gb/month versus 12 Gb/month a year ago.

    Vodafone Idea said that it added ~4000 4G FBB sites in Q3 primarily through the refarming of 2G/3G spectrum to expand their 4G coverage and capacity. Its overall broadband site count stood at 450,330 marginally lower compared to 450,481 in the previous quarter as it continued to shutdown 3G sites in a phased manner. Till date, the company has deployed nearly 67,000 TDD sites in addition to the deployment of ~13,850 massive MIO sites and ~13,150 small cells. Furthermore, the company continues to expand its LTE 900 presence in 12 circles at multiple locations, including through dynamic spectrum refarming, to improve customer experience.

  • Bharti Airtel in talks to buy out Dish TV: Report

    Bharti Airtel in talks to buy out Dish TV: Report

    Mumbai: Telecom operator Bharti Airtel is on the lookout to buy a majority stake in direct-to-home (DTH) company Dish TV India Ltd, promoted by Subhash Chandra’s Essel Group. The telecom company is in the early stages of talks at present.

    According to a Mint report, Airtel executives have been holding discussions with Dish TV parent Essel Group’s founder Subhash Chandra for the deal. The report added that accounting firm EY, hired by Airtel to inspect Dish TV’s financials, has submitted the due diligence report on 25 October.

    The announcement comes in the wake of the ongoing boardroom tussle between Dish TV and Yes Bank. Yes Bank holds a 25.63 per cent stake in the company. It has sought the removal of the present board of directors including managing director Jawaher Lal Goel and independent directors Dr Rashmi Aggarwal, Bhagwan Das Narang, Shankar Agarwal, and Ashok Mathai Kurien.

  • Indigo Consulting to handle Loop’s social media mandate

    MUMBAI: Telecom company Loop Mobile has roped in digital marketing agency Indigo Consulting to handle its social media initiatives.

    The mandate includes tapping social media platforms to engage the relevant audience as well as online reputation management for the brand. This is an extension of the agency‘s current website management duties for the telecom service provider.

    Indigo Consulting was recently acquired by Publicis Groupe‘s Leo Burnett.

    The agency will be responsible for exploiting platforms such as Facebook and Twitter, along with other applications and new technology to help connect the online and offline activities of the brand. The agency‘s focus will be to create online buzz about Loop Mobil‘s positioning as Mumbai‘s Nonstop Network. It will also be involved in managing expectations effectively and build engagement apart from creating buzz on brand.

    Indigo Consulting MD Vikas Tandon said, “Social media with its capabilities of creating engagement, conversations and activation allows brands a perfect opportunity to connect with their customers. Keeping this in mind, our social media strategy shall leverage creating a unique brand experience for the Loop Mobile customer or non-user while converging the brand’s online and offline efforts.”

    Loop Mobile (India) Limited head – corporate affairs and PR Arif Ali added, “With the growing opportunities that social media provides, we felt the need for an integrated approach for maximizing our digital and mobile communication needs. We have had a great working relationship with Indigo Consulting and we respect their experience in handling leading brands. Thus we welcome them as a strategic partner who with their deep understanding of online consumer behavior, shall help ensure a high level of social and digital interaction, provide creative ideas and strategy to boost the overall brand presence driving our core thought of Mumbai‘s Nonstop Network.”

    Indigo Consulting is a full-service interactive marketing and technology agency. Its services include online marketing, website design and development, search engine optimization and social media marketing. Indigo Consulting boasts of clients like Hindustan Unilever, Asian Paints, HDFC Bank, Kolkata Knight Riders, Abu Dhabi Commercial Bank, Thomas Cook, South Australia Tourism Board, Makemytrip and Cathay Pacific.