Telecom operator Vodafone Idea (VIL) has said telecom tariffs in India continue to remain at "unsustainable levels" and the industry needs "tariff correction" to support continued investments. VIL has seen average revenue per user (ARPU) growth for five consecutive quarters now. Its average revenue or realisation per user at Rs 131 in Q2 FY23 was 19.5 per cent higher than the year-ago period, aided mostly by tariff hikes and subscriber upgrades. ARPU for the September quarter was higher sequentially as well, when compared to Rs 128 in Q1 FY23. "However, it is important to note that despite the price intervention made in the last one year, the tariffs in India continue to remain at unsustainable levels. And we believe that industry needs further tariff correction to support the continued investments going forward," Vodafone Idea CEO Akshaya Moondra said during the company's analyst call on Q2 FY23 earnings on Friday. Over the last one year, the company has taken several tariff ...
Telecom operator Bharti Airtel on Wednesday said it has surpassed 1 million customers on 5G network within 30 days of its commercial launch even while the network is being built. Earlier, Airtel had announced phase wise roll-out of its 5G services in Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Siliguri, Nagpur and Varanasi. The services in these cities are getting rolled out in a phased manner as the company continues to construct its network and complete the roll-out, according to Airtel. "Bharti Airtel...today announced that it has crossed the 1 million unique 5G user mark on its network. The company achieved this milestone in less than 30 days of its commercial launch even as the network is being built," the company said in a statement. Randeep Sekhon, Chief Technology Officer of Bharti Airtel, said these are early days but the response from customers have been "very encouraging". "Our network is being built every day even as all 5G devices are now capable of working on the .
Focus on high-quality products, indigenous manufacturers told
Has communicated this to the telecom dept
Telecom companies are expected to witness "steady" revenue growth in Q2FY23 with slight sequential uptick in average revenue per user albeit softer net additions, while SUC (spectrum usage charges) savings are seen lifting margins, say analysts. Amid mega 5G network deployments by telcos, market analysts will be keenly tuning in to management commentaries on pace of roll-out for next-generation services, capex outlook and markers on tariff hikes. "We expect Indian telcos to report a steady quarter with stable ARPUs and slowing net adds. Margins would be higher q-o-q as we get 45-50 days benefits of lower SUC," BofA Securities said in its Q2 earnings preview for the sector. India's largest telecom operator Reliance Jio is expected to come out with its Q2 report card on October 21 (Friday), while Bharti Airtel is scheduled to announce its results on October 31. In the earnings' preview for the sector, ICICI Securities anticipated "steady revenue growth" and said margins may jump on .
Private telecom operator Reliance Jio toppled state-run BSNL in August to become the largest fixed-line service provider in the country, according to a Trai report released on Tuesday. This is the first time since the beginning of telecom services in the country that a private operator has gained the numero uno position in the wireline segment. According to Trai's subscriber report for August, Jio's wireline subscriber base reached 73.52 lakh while that of BSNL was at 71.32 lakh. BSNL has been providing wireline services since the last 22 years, whereas Jio launched its wireline offering 3 years ago. The wireline subscribers in the country grew to 2.59 crore in August from 2.56 crore in July. The growth was dominated by the private sector, with Jio adding 2.62 lakh new customers, Bharti Airtel 1.19 lakh, Vodafone Idea (Vi) 4,202 and Tata Teleservices 3,769. State-run telecom firms BSNL and MTNL lost 15,734 and 13,395 wireline customers, respectively, in August. The overall telec
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