Airtel misplaced Rs 1035 crore amidst AGR's tensions

by Jeremy Spirogis
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New Delhi. Among the main telecom corporations of the nation, Airtel incurred a lack of Rs 1035 crore within the third quarter of the present monetary yr. Airtel incurred a lack of Rs 1035 crore within the October-December quarter of 2019-20 amidst ongoing rigidity over AGR. The actual motive behind this big loss to Airtel is the license price and distinctive charges associated to spectrum utilization. Explain that Airtel had a revenue of Rs 86.2 crore in the identical quarter of 2018-19. However, on account of provision for AGR, it incurred an enormous lack of Rs 23,044.9 crore within the earlier i.e. July-September quarter of 2019-20. Explain that AGR is a utilization and license cost, which the Department of Telecom takes from the telecom operators. <! –

                 Airtel has to pay AGR of round Rs 35,500 crore. The matter is at the moment within the Supreme Court. The evaluations of Airtel and Vodafone have been rejected until the petition. These corporations filed an amended petition within the Supreme Court after the overview petition was dismissed within the Supreme Court, which is to be heard.

Increase in earnings

While Airtel has incurred big losses, its income has elevated. On a quarter-on-quarter foundation, Airtel's income grew by 3.86 per cent to Rs 21,947.1 crore. On a year-on-year foundation additionally, it noticed a rise of 8.5 p.c in income. The most essential and essential factor is that Airtel's ARPU i.e. common income per shopper has elevated. The firm has acquired the good thing about making the plan costly in December. Airtel's ARPU rose 5.5 per cent to Rs 135 in comparison with July-September.

Number of cellular 4G knowledge subscribers elevated

The variety of cellular 4G knowledge subscribers of Airtel elevated by 60.6 per cent to 7.38 million from 7.71 crore in the identical quarter of 2019-20 as in comparison with October-December quarter of 2018-19. In the October-December quarter of 2019-20, 2.1 crore subscribers joined Airtel's 4G community. The firm's digital TV business noticed a development of 15.6 p.c.

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