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3G networks to shut by December, 5G adoption not expected, Phonepe, Paytm and more: Bharti Airtel Q1FY20 earnings call

Bharti Airtel’s consolidated revenues for Q1FY20 stood at Rs 20,738 crore - an increase of 6.8% from the same quarter last year. However, it posted a net loss of Rs 2,866 crore in the first quarter of the financial year 2019-20 (Q1FY20), a massive fall of 3047% as compared to the same quarter last year (Q4FY19) when it posted a profit of Rs 97 crore; but that, the company said was because of its adaptation to a new telecom standard (IND AS116) and a one-time investment into it. Performance Metrics India revenues grew 5.5% year-on-year to Rs 15,345 crore in Q1FY20. Africe revenues, meanwhile, grew by 10.2 %. Mobile ARPU (average revenue per user) increased to Rs 129. One thing to note here is that this is more than Reliance Jio’s ARPU of Rs 122 in the same quarter. Consolidated mobile data traffic grew by 94% year-on-year and stood at 4,045 PBs in the quarter. In India, it more than doubled to 3,904 PBs year-on-year. Mobile 4G data customers increased by 63.3% to 95.2 million from 58.3 million in the corresponding quarter last year. Overall customer base of 404 million across 16 countries. Mobile services' customer base saw a 18.4% decline in Q1FY20 compared to the same quarter last year. DTH customer base grew by 9.4% year-on-year in Q1FY20. Scoop on Bharti Airtel In the investors’ call, Bharti Airtel’s MD and CEO Gopal Vittal and CFO, Badal Bagri talked about shutting down Airtel’s 3G network, unsustainable pricing levels and 5G's…

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