The decline was largely fuelled by losses in the rural markets. Between May and September, rural subscribers fell by almost 2% for both Airtel and Jio, while Vodafone Idea saw a sharper drop of 4%.
Nokia has been awarded a multi-year, multi-billion extension deal by Bharti Airtel to deploy 4G and 5G equipment across key Indian cities and states.
The company’s Q2 performance was supported by tariff hikes, enhanced ARPU, and ongoing customer shifts from 2G to 4G.
Reliance and Airtel proposed satellite spectrum allocation through auctions.
Sunil Bharti Mittal-led Airtel and Reliance had lobbied for auction of satellite spectrum.
The survey states that 54% of participants have transitioned to 5G and among these 60% of respondents found that 5G data speeds are faster
Spectrum was acquired in 2016 and these liabilities carried an interest rate of 9.3%, says Airtel
The telecom stock rallied 13% today to hit a fresh record high of ₹1,454; shares are up 155% against its IPO issue price of ₹570 apiece.
Airtel expands its home Wi-Fi services across all 22 districts of Jammu and Kashmir, and Leh-Ladakh
Vi’s recent capital raise, while incrementally positive, is unlikely to be adequate to stop the company’s market share erosion, says Goldman Sachs.
