Airtel Posts Highest-Ever Quarterly Revenue on Higher Tariffs, Data Usage
Indian telecom operator Bharti Airtel reported its highest ever quarterly consolidated revenue on Tuesday, driven by higher tariffs and a rise in data usage from a coronavirus-fuelled shift to remote working.
Indian telecom operators, grappling with low tariffs due to a price war that ensued after Mukesh Ambani’s Reliance Jio entered the space, hiked prices last year as they were ordered to pay Rs. 92,000 crores in dues to the government.
That helped the company’s quarterly consolidated revenue rise 22 percent to Rs. 25,785 crores.
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