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Airtel Price Hike for Prepaid Recharge Plans, Postpaid Plans Announced: New Tariffs Effective From July 3
Airtel price hike was announced by the telecom operator on Friday, with prices increasing by as much as 20 percent. The telecom operator said the new prices are part of its efforts to increase the mobile average revenue per user (ARPU). The tariffs for prepaid and postpaid data plans will be revised next week, according to the operator. The Airtel ...
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Jio Platforms Net Profit Rises to Rs. 5,098 Crore in First Quarter Amid 5G Adoption
Jio Platforms on Friday posted a 12.5 percent year-over-year rise in net profit at Rs. 5,098 crore in the June 2023 quarter on account of subscriber additions and better realisation per user. The company had posted a net profit of Rs 4,530 crore in the same period a year ago.The revenue from operations of Jio Platforms came in at Rs. 26,115 crore d...
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Jio's Unlimited 5G Plans Put Airtel on Back Foot in India, Delay Profits: JP Morgan
The launch of cheaper postpaid plans with unlimited 5G by Reliance's Jio has put rival Bharti Airtel on the back foot in the Indian market and may delay recovery in its key profit metric, JP Morgan analysts said on Thursday.
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Airtel Hikes Basic Tariffs in Seven Regions by Nearly 57 Percent to Increase Average Revenue per User
Airtel on Tuesday said it was raising the price of its entry level plan priced at Rs. 155 in seven regions, as part of the company's efforts to increase its average revenue per user (ARPU). The older plan priced at Rs. 99 has been discontinued in regions including the states of Karnataka, Bihar and Rajasthan, according to the telecom operator.
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Telecom Firms Bharti Airtel, Reliance Jio to Hike Tariff by 10 Percent, Says Jefferies: Report
Telecom operators are likely to soon announce tariff hikes as they look to reduce pressure on the revenue and margins and improve their average revenue per user (ARPU). According to Jefferies, Airtel and Jio are reportedly expected to increase their tariffs in the last quarter of fiscal 2023, 2024, and 2025.
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Vodafone Idea Q2 Loss Widens to Rs. 7,596 Crore, ARPU Rises as Telecom Operator Continues to Lose Subscribers
Vodafone Idea on Thursday reported that its Q2 loss had widened to Rs. 7,596 crore on the back of a decline in subscribers and higher expenses for the telecom service provider. The operator said its subscriber base declined to 234.4 million from 240.4 million in the first quarter, while total expenses rose 10 percent to Rs. 18,302 crore.
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Reliance Jio Net Profit Rises to Rs. 4,518 Crore in September Quarter Amid Deployment of 5G Services
India's largest telecom operator Reliance Jio on Friday posted a 28 percent year-on-year rise in its net profit for the September quarter at Rs. 4,518 crore, as subscriber additions and ARPU boosted realisations. Its net profit stood at Rs. 3,528 crore in the same period previous fiscal, the telco said in a regulatory filing.
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Airtel Reports 16.6 Percent YoY Increase in Mobile Data Consumption, Posts 22 Percent Rise in Q2 Revenue
Airtel on Monday reported a 22.2 percent increase in quarterly revenue, with an average revenue per user (ARPU) of Rs. 183, up from Rs. 146 a year earlier. The ARPU of rivals Reliance Jio and Vodafone Idea was Rs. 175.7 and Rs. 128 , respectively. Last year, Airtel said that mobile ARPU needed to be at 200 rupees and ultimately at 300 rupees, for a...
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5G Should Be Priced at Premium to 4G With More Data, Overall Tariffs Expected to Rise, Vodafone Idea MD Says
Vodafone Idea MD Ravinder Takkar said on Thursday that he expects 5G to be priced at a premium with more data bundled with plans compared to 4G services at present. Takkar made the statement during an earnings call, and said the operator has spent a significant amount in acquiring spectrum in the recently-held auctions which calls for a need to cha...
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Disney+ Hotstar Is Key to Disney+ Subscriber Growth, but Won't Deliver Way to Profit Disney Desires
Disney+ ended March with 138 million subscribers, and is poised to launch in 42 countries this summer, which will bring in more subscribers. But in markets like India, where Disney+ operates as Disney+ Hotstar, subscribers pay an average of 76 cents a month. In the US, customers pay $6.32 on average.
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Airtel Price Hike for Prepaid Recharge Plans, Postpaid Plans Announced: New Tariffs Effective From July 3
Airtel price hike was announced by the telecom operator on Friday, with prices increasing by as much as 20 percent. The telecom operator said the new prices are part of its efforts to increase the mobile average revenue per user (ARPU). The tariffs for prepaid and postpaid data plans will be revised next week, according to the operator. The Airtel ...
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Jio Platforms Net Profit Rises to Rs. 5,098 Crore in First Quarter Amid 5G Adoption
Jio Platforms on Friday posted a 12.5 percent year-over-year rise in net profit at Rs. 5,098 crore in the June 2023 quarter on account of subscriber additions and better realisation per user. The company had posted a net profit of Rs 4,530 crore in the same period a year ago.The revenue from operations of Jio Platforms came in at Rs. 26,115 crore d...
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Jio's Unlimited 5G Plans Put Airtel on Back Foot in India, Delay Profits: JP Morgan
The launch of cheaper postpaid plans with unlimited 5G by Reliance's Jio has put rival Bharti Airtel on the back foot in the Indian market and may delay recovery in its key profit metric, JP Morgan analysts said on Thursday.
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Airtel Hikes Basic Tariffs in Seven Regions by Nearly 57 Percent to Increase Average Revenue per User
Airtel on Tuesday said it was raising the price of its entry level plan priced at Rs. 155 in seven regions, as part of the company's efforts to increase its average revenue per user (ARPU). The older plan priced at Rs. 99 has been discontinued in regions including the states of Karnataka, Bihar and Rajasthan, according to the telecom operator.
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Telecom Firms Bharti Airtel, Reliance Jio to Hike Tariff by 10 Percent, Says Jefferies: Report
Telecom operators are likely to soon announce tariff hikes as they look to reduce pressure on the revenue and margins and improve their average revenue per user (ARPU). According to Jefferies, Airtel and Jio are reportedly expected to increase their tariffs in the last quarter of fiscal 2023, 2024, and 2025.
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Vodafone Idea Q2 Loss Widens to Rs. 7,596 Crore, ARPU Rises as Telecom Operator Continues to Lose Subscribers
Vodafone Idea on Thursday reported that its Q2 loss had widened to Rs. 7,596 crore on the back of a decline in subscribers and higher expenses for the telecom service provider. The operator said its subscriber base declined to 234.4 million from 240.4 million in the first quarter, while total expenses rose 10 percent to Rs. 18,302 crore.
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Reliance Jio Net Profit Rises to Rs. 4,518 Crore in September Quarter Amid Deployment of 5G Services
India's largest telecom operator Reliance Jio on Friday posted a 28 percent year-on-year rise in its net profit for the September quarter at Rs. 4,518 crore, as subscriber additions and ARPU boosted realisations. Its net profit stood at Rs. 3,528 crore in the same period previous fiscal, the telco said in a regulatory filing.
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Airtel Reports 16.6 Percent YoY Increase in Mobile Data Consumption, Posts 22 Percent Rise in Q2 Revenue
Airtel on Monday reported a 22.2 percent increase in quarterly revenue, with an average revenue per user (ARPU) of Rs. 183, up from Rs. 146 a year earlier. The ARPU of rivals Reliance Jio and Vodafone Idea was Rs. 175.7 and Rs. 128 , respectively. Last year, Airtel said that mobile ARPU needed to be at 200 rupees and ultimately at 300 rupees, for a...
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5G Should Be Priced at Premium to 4G With More Data, Overall Tariffs Expected to Rise, Vodafone Idea MD Says
Vodafone Idea MD Ravinder Takkar said on Thursday that he expects 5G to be priced at a premium with more data bundled with plans compared to 4G services at present. Takkar made the statement during an earnings call, and said the operator has spent a significant amount in acquiring spectrum in the recently-held auctions which calls for a need to cha...
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Disney+ Hotstar Is Key to Disney+ Subscriber Growth, but Won't Deliver Way to Profit Disney Desires
Disney+ ended March with 138 million subscribers, and is poised to launch in 42 countries this summer, which will bring in more subscribers. But in markets like India, where Disney+ operates as Disney+ Hotstar, subscribers pay an average of 76 cents a month. In the US, customers pay $6.32 on average.
