Bharti Airtel Q3 net profit sinks 72% at Rs 284 cr
is the churn ratio coming down at a very fast pace and the VLR is going up," he said.
"The worst seems to be getting over with corrections taking place in customer acquisition practices and the tariffs, which are driving quality of acquisitions and improving efficiencies," Mittal said.
The company's overall customer base stood at 262.27 million across mobile telephony, telemedia and digital services across geographies.
Monthly average revenue per user (ARPU), a key metric for telecom carriers, from Bharti's Indian operations declined to 185 during the reporting quarter from 187 in the same period last year.
The net debt of the company stood at Rs 64,282.5 crore as on December 31, 2012.
The company also has to pay Rs 5,201 crore as one-time fee to government for spectrum it holds above 4.4 MHz.
Airtel added 6.6 billion minutes on network during the quarter.
"Despite a negative net additions, the data has done exceedingly well, 0.9 million mobile data customers have been added on the network and the data has grown 24.5 per cent quarter on quarter," Kapoor said.
Shares of the company closed down by 2.62 per cent at Rs 330.50 on the BSE.
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TEXT - Fitch: Bharti - credit positives amid regulatory uncertainty
(The following statement was released by the rating agency: Reuters)
Fitch Ratings says that India-based Bharti Airtel Limited's (Bharti, 'BBB-'/Negative) financial profile could improve in the year ending March 2014 (FY14), aided by manageable
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