INSUBCONTINENT EXCLUSIVE:
Airtel's net profit for third quarter dipped but its revenue has risenTelecom major Bharti Airtel's consolidated net profit for December
quarter period of the current fiscal recorded a 3 per cent fall to stand at Rs 830 crore
The company had registered a net profit of Rs 854 crore during the corresponding period of last year.However at the same time,
revenue from operations for the third quarter ended rose to Rs 29,867 crore from Rs 26,518 crore of last year's corresponding
company had raised tariffs on prepaid plans, as did Reliance Jio and Vodafone Idea, while reiterating that the industry's mobile ARPU
needs to be at Rs 200, and eventually at Rs 300, for a financially healthy business model.Gopal Vittal, Airtel's managing director and CEO
The recent tariff revision for mobile services has gone down well and we are exiting the quarter with an industry leading ARPU of Rs 163
The full impact of the revised mobile tariffs, however, will be visible in the fourth quarter."
