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Airtel lives to fight another day

When you are up against a competitor who is not afraid to lose money, you have to do pretty much the same thing: stand strong and protect your market share without worrying about short-term losses.
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rishitejpal
26 Apr 2018 1 Mins Read 1 comments
Sunil Bharti Mittal, founder and chairman, Bharti Enterprises; Aninidito Mukherjee/Bloomberg via Getty Images
Sunil Bharti Mittal, founder and chairman, Bharti Enterprises; Aninidito Mukherjee/Bloomberg via Getty Images
On Tuesday, Airtel published its 4Q18 results. The company was widely anticipated to report losses. In the event, it managed a tiny net income of Rs83 crore. Meanwhile: Consolidated revenue declined 5.4% y-o-y to Rs19,634 crore (India revenue down 7.5%) ARPU dropped 7% to Rs116 from Rs123 EBITDA margin declined to 35.8% from 36.4% Net income fell
research. The Motilal Oswal analyst is sanguine about Airtel’s ability to rough it out: “Bharti has the capability to raise another Rs40,000 crore of capital infusion through fundraising from Infratel and [other sources] … They [can] manage through these tough times.” For the sake of competition — and the Indian telecom consumer — let’s hope it does.
On Tuesday, Airtel published its 4Q18 results. The company was widely anticipated to report losses. In the event, it managed a tiny net income of Rs83 crore. Meanwhile: Consolidated revenue declined 5.4% y-o-y to Rs19,634 crore (India revenue down 7.5%) ARPU dropped 7% to Rs116 from Rs123 EBITDA margin declined to 35.8% from 36.4% Net income fell research. The Motilal Oswal analyst is sanguine about Airtel’s ability to rough it out: “Bharti has the capability to raise another Rs40,000 crore of capital infusion through fundraising from Infratel and [other sources] … They [can] manage through these tough times.” For the sake of competition — and the Indian telecom consumer — let’s hope it does.

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