Stay updated with breaking news from 5g User. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Bharti Airtel: But the saving grace this quarter is likely to be the festive season and the slew of assembly elections in multiple states (Rajasthan, Chattisgarh, MP and Mizoram), coupled with 5G user additions by Jio and Airtel and extra days during the October-December period.
While the just-ended cricket World Cup may have boosted mobile data usage by over 4% sequentially in the December quarter for the top three telcos, that will translate only into relatively modest sequential revenue growth - at best 1% - since consumers invariably have large chunks of unused data, precluding mass upgrades to higher value plans. Furthermore, some digital viewing of World Cup action on smartphones was via WiFi and not mobile data.
Bharti Airtel: The Sunil Mittal-led telco, in which SingTel owns less than 30%, missed estimates as analysts were expecting a net profit of over Rs 2,355 crore.
Airtel said it is well poised to cover every town and key rural areas with Airtel 5G services by end of March 2024.