Key Points
Bharti Airtel Ltd, India's No.2 telecom carrier by subscribers, on Tuesday reported fourth-quarter revenue that fell short of analysts' expectations, as 4G subscriber growth moderated...
The company's consolidated revenue from operations rose to 360.09 billion rupees ($4.40 billion) for the quarter ended March 31, from 315 billion rupees a year ago, it said in an exchange filing...
Analysts, on an average, had expected a revenue of 365.52 billion rupees, according to Refinitiv IBES data...
The company's average revenue per user (ARPU), a key performance indicator for telecom firms, was at 193 rupees, flat from the quarter ago, but up 8.4% year-on-year...
Last month, market leader Reliance Jio, the telecom arm of conglomerate Reliance Industries RELI.NS, said its fourth-quarter ARPU stood at 178.8 rupees, an increase of only 0.3% from a quarter ago and a 6.7% climb from a year ago...
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