Airtel Plans Tariff Hike To Earn Rs 300 From Every Airtel User In India


Mohul Ghosh

Mohul Ghosh

Feb 29, 2024


Bharti Airtel’s share price rose nearly 1.6% on February 27th driven by investor optimism stemming from Chairman Sunil Mittal’s comments around boosting average revenue per user (ARPU) levels to Rs 300 besides ongoing 5G rollout across wider geographies aiding premiumisation. He termed it long overdue.

Airtel reported ARPU of Rs 208 in Q3, up from Rs 193 last year, mirroring its strategy of attracting higher-value subscribers. But Mittal feels much ground remains to cover for viability, with Rs 300 ARPU pivotal.

Eyes Becoming Digital Co Beyond Telecom

Mittal also outlined Airtel’s steady transformation into a digital services company spanning payments bank, tower JV, overseas presence etc rather than just Indian mobile services, to tap emerging revenue streams.

With the impending launch of satellite broadband venture OneWeb awaiting final license clearances, he envisions formidable competition from Elon Musk’s Starlink in future but suggests Airtel’s primary orientation will stick to enterprise clients rather than retail consumers.

ARPU doubled over 7 years, but more vital now

Airtel posted October-December 2022 quarterly revenue of Rs 37,900 crore, up 22% annually, demonstrating consistency in a challenging macro environment. As it explores uncharted areas like cloud communication, Mittal wants the digital business contribution to keep rising.


Mohul Ghosh
Mohul Ghosh
  • 826 Posts

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Telecom
Nov. 23, 2022

Jio 5G Launched In Pune With 1Gbps+ Data Speed: Offers Unlimited 5G Data!

Reliance Jio on Thursday announced the launch of its 5G network in Pune. Dawn of a new era In October, Prime Minister Narendra Modi launched 5G in India with the promise of ultra high-speed internet on smartphones.  5G means speeds multiple times faster than 4G and lag-free connectivity which enable billions of connected devices to […]

Telecom
Nov. 22, 2022

Airtel Increases Minimum Monthly Plan Tariff By 57%; Pay Rs 155 For Airtel’s Minimum 28-Days Plan

As expected, Airtel has triggered a new wave of price hikes in the telecom industry, and it’s expected that soon, others will follow suit. With this new round of price hikes, telecom companies like Airtel can expect much better ARPU or Average Revenue Per User, but it will burn a hole in the consumer’s pocket. […]

Telecom
Nov. 17, 2022

BSNL 4G Can Launch As Early As January, 2023 With 10,000 Towers Across India! TCS-BSNL Partnership Will Work?

State-run BSNL is expected to launch its 4G services from January. TCS at the helm It is doing so with the help of Tata Consultancy Services (TCS) which has bagged the tender for the construction of towers to enable the rollout of the service. The tender for the setting up of 4G towers was released […]

Telecom
Nov. 12, 2022

BSNL 4G Tests Successfully Completed; BSNL 4G Expected To Start From January, 2023!

BSNL has completed the trials for its indigenous 4G network as part of the proof of concept with a Tata Consultancy Services-led consortium. It was completed in the last week of October in Chandigarh. Location not yet decided A government official said that all the necessary network tests as part of proof-of-concept with a TCS-led […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online