Remote work gives Airtel’s data usage a 58% boost - Hindustan Times
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Remote work gives Airtel’s data usage a 58% boost

Hindustan Times, New Delhi | ByIshita Guha
Oct 28, 2020 05:59 AM IST

During the quarter, Airtel recorded a sequential growth of 14.4 million in 4G user base at 152.7 million, up 48% from a year ago, as more customers turned to better data services.

A boom in remote work propelled a 58% year-on-year jump in data consumption at Bharti Airtel Ltd in the September quarter helping India’s second-largest telco post record consolidated revenues though it plunged to a net loss for the sixth straight quarter.

Airtel’s average revenue per user (Arpu) rose to ₹162 from ₹128 from a year ago, and ₹157 in the June quarter.(Mint)
Airtel’s average revenue per user (Arpu) rose to ₹162 from ₹128 from a year ago, and ₹157 in the June quarter.(Mint)

“Our focus on building the most aspirational brand in Indian telecom to win quality customers is delivering results. Our data consumption grew by 58% y-o-y which reflects strong engagement of customers on our network,” Airtel’s chief executive Gopal Vittal said on Tuesday.

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During the quarter, Airtel recorded a sequential growth of 14.4 million in 4G user base at 152.7 million, up 48% from a year ago, as more customers turned to better data services.

Airtel’s average revenue per user (Arpu) rose to 162 from 128 from a year ago, and 157 in the June quarter.

As a result it clocked its highest consolidated quarterly revenue of 25,785 crore, up 22% from a year ago. It, however, posted a consolidated net loss of 763 crore due to higher expenses, including network operating costs, licence fees and spectrum usage charges, and higher finance cost.

The company had a consolidated net loss of 23,045 crore in Q2 of FY20. A Bloomberg poll of 10 analysts had estimated a profit of 121.60 crore for the September quarter.

Airtel’s consolidated earnings before interest, taxes, depreciation and amortization (Ebitda) rose to 11,848 crore from 8,936 crore a year ago.

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