Growth prospects, deleveraging to drive gains for Bharti Airtel stock

The ARPU rise has helped operating profit grow by 5.6 per cent (quarter-on-quarter) Q-o-Q in Q1FY24

Between 2012 and 2017, Bharti Airtel bought BWA spectrum from Qualcomm, Aircel and Tikona Digital who were the second players in different circles.

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The company claims its 5G capex has peaked in Indian network rollout. Bharti Airtel is now deleveraging

Devangshu Datta

4 min read Last Updated : Sep 14 2023 | 11:14 PM IST

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There have been several positive signals in Bharti Airtel with revenue market share (RMS) growth, better visibility of profits from Africa, and enough free cash flow to pursue deleveraging.

Airtel’s 4G and 5G data subscriber net additions were 5.6 million in Q1FY24, and 24.5 million in the last 12 months.

Airtel currently has 230 million data subscribers on 4G/5G, which is about 70 per cent penetration of its base of 339 million subscribers.

The trend is also towards average revenue per user (ARPU) growth, which is now at Rs 200.

The ARPU rise has helped operating profit grow by 5.6

Topics : Bharti Airtel Bharti Airtel in Africa Bharti Airtel revenues Bharti Airtel shares