Bharti Airtel Ltd.’s  revenue per user for the quarter ended March surged the most since its 2002 listing as India’s second-largest largest telecom operator weeded out low-paying subscribers and added more 4G users.
The Sunil Bharti Mittal-led company’s ARPU jumped over 18 percent to Rs 123 in the fourth quarter of financial year 2018-19. The telecom operator had reported its quarterly earnings on May 6, but didn’t disclose the other details due to its rights issue.
The Sunil Bharti Mittal-led company’s ARPU jumped over 18 percent to Rs 123 in the fourth quarter of financial year 2018-19. The telecom operator had reported its quarterly earnings on May 6, but didn’t disclose the other details due to its rights issue.
Along with cost cuts resulted in strong operational performance for Bharti Airtel’s India business. The company’s earnings before interest, tax, depreciation and amortisation from its India business grew for the first time in 11 quarters.
Read EquityPandit’s Technical Analysis of Nifty