Gopal Vittal, the vice chairman and managing director of Airtel, has stated that additional pricing increases are required to preserve the telecom industry’s financial stability.
Airtel Recharge Plan: Bharti Airtel has again alluded to a rate increase after a few months of raising mobile charges and hitting a record average revenue per user (ARPU). Gopal Vittal, the company’s managing director and vice chairman, has stated that additional pricing increases are required to preserve the telecom industry’s financial stability.
Gopal Vittal stated in Airtel’s quarterly results that while the business is currently cutting back on network investment, it will prioritize boosting transmission power, enhancing customer satisfaction, and growing home internet offerings. Additionally, he stated that the company’s capital expenditures (Capex) will be lower in FY25 than they were in FY2026.
Airtel will exit the low-profit industry.
Additionally, Vittal revealed that Airtel is leaving its worldwide business portfolio to focus on wholesale voice and messaging. According to him, the company will now make investments in new areas to bolster its digital skills because this sector has a very low-profit margin.
India continues to have the lowest pricing in the world, said Gopal Vittal. To maintain the industry’s financial stability in such a scenario, it must be raised even more. According to him, the telecom industry can only guarantee a sustainable and fair return by raising charges.
In July 2024 of last year, Airtel and other private telecom operators raised their rates by 10–21%. It is now evident from the latest signs that Airtel may raise the cost of its recharge plans even more in the upcoming months, which could put a strain on consumers’ finances.
The net profit of the business grew fivefold.
On Thursday, Bharti Airtel published its quarterly report. which saw a more than five-fold growth in the company’s total net profit to Rs 16,134.6 crore. The Indus Towers corporate merger and the advantage of the tariff increase are the primary causes of this increase.
In the same quarter last year, the company made a total profit of Rs 2,876.4 crore. The second-biggest telecom provider in India recorded revenue of Rs 45,129.3 crore for the current quarter, up around 19% from Rs 37,899.5 crore for the same period the previous year.
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