Airtel Reported First Ever Loss in Indian Telecom Sector
India's one of the leading telecom company Bharti Airtel reported first ever loss of Rs 940 crore in the first quarter (June 2018) from its Telecom business.
Airtel bleeds to retain market dominance in the face of free voice calls and dirt cheap tariffs from Reliance Jio, Vodaphone & idea.
Bharti Airtel's India performance continued to face turbulence from the ongoing tariff war despite high level of investments and increase in usage of services.
The average revenue per user on Bharti Airtel's India network declined by around 32 percent to Rs 105 from Rs 154 per network on a year-on-year basis.
With the acquisition of Telenor's India business, the mobile subscriber base of Airtel increased by 28 percent to 344.6 million as on June 30, 2018, compared to 280.6 million in the ...