Telecom Sector Update - Bharti Airtel’s Performance Shines Again: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Securities Report.In Q3 FY21, consumer spend on mobile services rose 4.6% quarter-on-quarter/20.9% year-on-year to Rs 390 billion on benefit of price hike and 4G penetration.Postpaid net revenue dipped 8.1% YoY, while it was up 0.4% QoQ on rising subscribers. Prepaid net revenue grew 6.2% QoQ/34.1% YoY and average revenue per user rose 5.6 QoQ/35.7% YoY to Rs 95. 4G subscriber addition was strong at 3.3% QoQ (net addition: 22.4 million) to 698 million. Bharti Airtel Ltd.’s 4G subscriber market share improved to 23.7%, up 110 bps QoQ/320 bps YoY, and the company has been gaining market share in data usage, which rose 170 bps QoQ/550 bps YoY to 32% (significantly narrowed gap with its adjusted gross revenue market share, which is a positive). .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Telecom Sector Update - Bharti Airtel’s Performance Shines Again: ICICI Securities

Telecom Sector Update - Bharti Airtel’s Performance Shines Again: ICICI Securities

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