INSUBCONTINENT EXCLUSIVE:
2022-23, led by strong revenue growth and 4G customer additions, the company said on Monday.
Currently carrying out beta trials of the 5G
service in eight cities nationwide, Airtel now has seen eight consecutive profitable quarters.
The company now has more than 501 million
Its India revenues for Q2 stood at Rs 24,333 crore, up 22.3 per cent YoY
Meanwhile, mobile revenues grew 24.8 per cent on account of improved realisations
leg-up from the 20 per cent tariff hike by telecommunications firms in November 2021, its recent focus on cornering the 4G market has raised
revenues further.
Airtel continued to gain market share in the 4G segment
It added 17.8 million 4G customers in Q2
Its 4G customers now account for 64 per cent of its user base.
The average data usage per customer per month rose to 20.3 gigabyte (GB),
against 19.5 GB in the previous quarter.
The company said it added 8,000 towers in Q2, mirroring the first quarter, to enhance its coverage
It also took initiatives to improve network quality and customer experience
in Q2, leading to an improvement in Ebitda margin to 51.3 per cent in the same quarter, up from 49.5 per cent in Q2 of 2021-22.
Airtel has
paid four years of spectrum dues worth Rs 8,312 crore
This upfront payment, coupled with the ongoing moratorium on spectrum dues and adjusted gross revenue, will free up future cash flows and
growth and improved margins
The consistency of our execution has been driven by the strength and resilience of our portfolio
Our business-to-business and home businesses continued their strong growth momentum, while mobile ARPU expanded to Rs 190 on the back of
statement.
Vittal, however, added he remains concerned by the low return on capital employed that the business delivers due to pricing,
