Bharti Airtel Q1-2008 Results Insight

Here is a peek into Bharti Airtel’s performance for Q1 2008.

  • It has 42.7 million wireless subscribers [up from 37 Million a quarter ago]. Bharti Airtel has the highest wireless market share in India at 23.5%
  • Bharti has 1.9 Million Broadband and Telephony[Wireline] customers
  • Airtel Broadband Subscriber number now stands at 0.63 Million [up from 0.59 Million a quarter ago]
  • Wireless Subscriber ARPU is down to Rs 390 [Rs 406 a quarter ago] and the monthly average number of minutes per customer is 478 [same as previous quarter]
  • SMS contributed to 5% of total wireless revenues
  • Broadband and Wireline ARPU stands at Rs 1121 [Rs 1112 previous quarter]

It is a cause of concern that ARPU is down to Rs 390 without any substantial increase in the number of minutes used per customer per month. Going forward the new IT and Communications Minister wants to auction 2G spectrum, which until now is linked to subscriber growth and may eat into the bottomline of these Telcos directly.

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