wordpress blog stats
Connect with us

Hi, what are you looking for?

Bharti Airtel lost 2.5-3 million customers in Jammu and Kashmir in Q2FY20

In the September quarter, Bharti Airtel lost 2.5 million to 3 million customers in Jammu and Kashmir, CEO Gopal Vittal revealed. "Our overall subscriber base number was also impacted due to shutdown of mobile services in Jammu and Kashmir during this quarter," CFO Badal Bagri said. He added that the company's revenue from mobile services would have been higher, if not for the shutdown in Jammu and Kashmir. While the company's total customer base improved marginally from 301.4 million Q1FY20 to 304.7 million this quarter, Vittal said that Airtel acquired 6.5 million to 7 million customers from Tata Teleservices following their merger. Vittal and Bagri’s remarks were made during a call with the investors on October 30, after the company posted a loss of Rs 23,045 crore in the September quarter — this was the company’s second quarterly loss in 14 years. At the time, the company said that the Supreme Court’s ruling on adjusted gross revenue (AGR) had “significant financial implications on the company”. Disappointed by SC's AGR verdict: “We were disappointed by the [AGR] verdict of the Honourable Supreme Court,” said Bagri. He added that the SC’s verdict had “come at a time when the sector is facing severe financial stress, and may further weaken the viability of the sector as a whole”. Bagri said that Airtel is hopeful that the government will take a balanced approach on the AGR matter to ensure the long-term viability of the sector. What was SC’s verdict on AGR? Last month, the apex…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ