INSUBCONTINENT EXCLUSIVE:
Idea and second-largest Bharti Airtel are likely to report sizeable losses on higher costs, despite a slower decline in revenue, helped by
an expected turnaround in average revenue per user (ARPU) as their minimum recharge plans start to take effect, analysts add.
For Vodafone
Idea, brokerage ICICI Securities estimated a net loss of Rs 4,001.7 crore in fiscal third quarter, narrower than Rs 4,974-crore loss in
July-September period, as benefits of synergies start to kick in
revenue in December quarter is estimated to be in Rs 11,414-11,703 crore range by brokerages Credit Suisse and ICICI Securities
This compares with over Rs 12,000 crore revenue in July-September period.
Brokerages expect Sunil Mittalled Bharti Airtel to report a net
The company eked out a surprise Rs 119 crore net profit on a consolidated basis in September quarter, helped by a one-time exceptional gain,
monthly ARPU, a key performance metric, to rise 3.3 per cent and 1 per cent on-quarter to Rs 103 and Rs 89, respectively, in third quarter
Airtel to have lost around 10 million subscribers in fiscal third quarter
Vodafone Idea has lost nearly 14 million customers in October and November 2018 alone, according to latest subscriber data collated by
