27 September, 2020

Silence Across The Spectrum

Telecom providers gasp for breath under Jio’s onslaught, TRAI rules. As losses mount, the future holds more hurt.

Of 190 Million
A customer signs up at a Reliance Jio store in Delhi
Photograph by Getty Images
Silence Across The Spectrum
outlookindia.com
2018-06-01T11:36:44+05:30

It can only be called an ­inevitable sectoral plunge. Last month, India’s largest telecom opera­tor and ind­ustry ­bellwether, Bharti Airtel, rep­orted its first net quarterly loss for its India operations in over 15 years. The net loss before exceptional items of Rs 652.30 crore came in the last quarter of 2017-18. In the previous year, the company had earned a net profit of Rs 770.80 crore for the same period.

For Bharti Airtel, revenue from its India business makes up about 77 per cent of its total revenues. The company’s consolidated revenue fell by 10.5 per cent to Rs 19,634 crore against Rs 21,935 crore last year, with tariffs from voice and data falling sharply. Revenue from the company’s India operations fell by almost 13 per cent, to Rs 14,795.50 crore.

The other two telecom biggies, Vodafone and Idea, have also reported significant losses. Idea Cellular reported a three-fold increase in its net loss, at Rs 962.20 crore, for the fourth quarter of FY 2017-18. Last year, it had reported losses of Rs 327.7 crore. This was...

unsub

THIS ARTICLE IS PRICELESS...

To read this piece, and more such stories in India's most exciting and exacting magazine, plus get access to our 25-year archives goldmine, please subscribe.


Latest Magazine

October 05, 2020
content

other articles from the issue

articles from the previous issue

Other magazine section