3 weeks ago

Airtel sees room to raise low-cost unlimited data tariffs

Airtel sees room to raise low-cost unlimited data tariffs
Airtel sees room to raise tariffs on low-cost unlimited data plans - Telegraph India · telegraphindia.com

A company called Bharti Airtel helps people in India and Africa use their phones to talk and use the internet.

It is one of the biggest phone companies in India.

Airtel just told everyone how much money it made in the last three months.

It made more money than before — profit went up by more than a third.

The company's boss, Gopal Vittal, said that some phone plans with unlimited internet are too cheap.

He thinks when internet is too cheap, the company cannot earn enough money.

So Airtel may make some of those cheap unlimited plans cost a little more.

Airtel also wants to build big buildings full of computer servers, called data centres, in Mumbai.

It is also putting more money into its business in Africa.

These are the plans Airtel shared on Wednesday.

Key facts

Company
Bharti Airtel
Profit after tax
Rs 8,167 crore, up 37.3% (June quarter)
Revenue from operations
Rs 58,539 crore, up 18.3% year-on-year
Airtel India ARPU
Rs 264, up 5.6%, highest in the industry
Africa annualised operational profit
Over Rs 35,000 crore
Data centre plan
A couple of 100-megawatt facilities over the next couple of years
Executive comment
Gopal Vittal, Executive Vice Chairman, on the earnings call

Quotes

Gopal Vittal

Bharti Airtel Executive Vice Chairman

“Which means that for a very low level of pricing, you get unlimited data, and that means ARPU is capped.”
telegraphindia.com

Sources

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