Telcos' free offers to hit lenders, govt tax: Airtel - News Summed Up

Telcos' free offers to hit lenders, govt tax: Airtel


NEW DELHI: In a veiled attack on newcomer Reliance Jio telecom major Bharti Airtel today said free offers by telcos would hit all stakeholders, including lenders, and government revenue. Mobile data revenue slowed to Rs 4,049 crore due to "free voice and data offering by a new operator".Data revenues at Rs 3,087 crore de-grew by 3 per cent. Mobile data revenues now contribute to 22.8 per cent of the company's mobile revenues in India as compared to 23.1 per cent in the corresponding quarter last year. "We are also seeing slowdown in data indicator sequentially, more or less entirely, due to free offer by a new operator. for the first it has led to active decline in data customer base by 7.7 million and data usage down by 3.5 per cent quarter and quarter and ARPU down 13 per cent," Roy said.


Source: Economic Times January 25, 2017 17:45 UTC



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