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BHARTI AIRTEL

India is the second-largest telecommunication market and flourishing at an incredible rate. In 2019, India crossed the US and became the second-largest market in terms of app downloads. The Government has enabled easy market access to telecom equipment and a fair and proactive regulatory framework, that has ensured the availability of telecom services to consumer at affordable prices. The deregulation of Foreign Direct Investment (FDI) norms has made the sector one of the fastest growing and the top five employment opportunity generator in the country.

Bharti Airtel is one of the top 3 telecom operators in India having about 403 billion subscribers and an active customer base of 99.45% which is the highest in India. Airtel has spread its services so that every customer can be at ease. They have several parts which are Airtel payments bank, Airtel digital TV, Wynk, Airtel X Lab, Airtel Retail and many more. It is also the first company to launch an open network in India. The company aims at winning the hearts of its customers and make a lifelong lasting bond by offering them world-class services. In 2011, the company finalized its ‘Blueprint for Social Inclusion’ which was to include and empower a million more through social and economic development.

On 16 May 2021, Airtel announced benefits worth Rs. 270 crores for 55 million low-income customers on its network so that they can stay connected in this ongoing pandemic. As a one-time gesture, the Rs 49 pack FREE of cost has been introduced which offers a talk-time of Rs 38 and 100 MB data with a validity of 28 days. On April 16, 2021, the company announced an agreement with Reliance Jio Infocomm (“Jio”) to transfer the ‘Right to Use’ of Airtel’s 800 MHz spectrum in Andhra Pradesh (3.75 MHz), Delhi (1.25 MHz) and Mumbai (2.50 MHz) to Jio. The agreement is subject to statutory approvals.

The Board of Directors has not recommended any dividend for the year ended March 2021. Airtel got an 11.92% sequential growth in consolidated profit for the quarter ending March 2021, against the previous quarter while its revenue fell by 2.91% in this quarter as against in December quarter. Also, PBT fell by 148.66% QoQ & the gross profit margin fell by 2.77% QoQ. Moreover, the assets of the company fell by 3.46% against the previous quarter and Earnings per share (EPS) fell by 11.46% against the previous quarter. The Q4 results of Bharti Airtel were satiating. Also, if observed, in the past 3 months in terms of the number of subscribers Airtel took over the first position trouncing Jio.



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