Bharti Airtel 4G Subscriber Additions Likely to Hit 10 Million

Bharti Airtel, the second largest wireless operator in India is set to “outperform yet again,” ICICI Securities said in a report on Friday. In its report, ICICI Securities, a subsidiary of ICICI Bank said that Airtel will register “strong” user additions in the third quarter of the current financial year. The firm said that the “strong” user additions will aid the operator to record a 5% quarter-on-quarter (QoQ) increase in mobile revenues. In the same period, ICICI Securities said that Vodafone Idea will register a 1.1% increase in mobile revenues.

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Airtel Set to Record 10 Million 4G Subscriber Additions

ICICI Securities said that the Airtel subscriber base is “likely to grow” by nine million in the third quarter of the current financial year. Similarly, the firm said that Vodafone Idea, the third largest wireless operator in India is set to record a three million dip in its user base in the same period.

“VIL has seen deceleration in its subs decline, and we expect its subs base to stabilise in Q4FY21,” ICICI Securities said in its report. “Bharti should benefit from rise in MNP, which should also drive higher revenue growth.”

The firm also highlighted that it is factoring in 0.1% increase in average revenue per user (ARPU) for Airtel and 3% increase in ARPU for Vodafone Idea in Q3FY21.

“The rise for VIL is optically higher on exit of low ARPU subs,” ICICI Securities said in its report.

ICICI Securities said that it expects Airtel to register 10 million data subscribers in the third quarter of the current financial year. In the same period, ICICI Securities said that it sees Vodafone Idea to register two million subscriber additions.