Bharti Airtel posts first quarterly loss in 10 years, at Rs 2,866 crore

Airtel's India revenue is an integrated number comprising wireless, landline, and broadband services

Bharti Airtel on Thursday slipped into the red as the telecom company posted its first quarterly net loss in over a decade at Rs 2,866 crore, battered mainly by stiff competition from Reliance Jio, besides depreciation of 3G network equipment and operating costs on network refarming. 

However, the company’s average revenue per user (ARPU) was the industry’s best at Rs 129 for the June quarter on a subscriber base of 320 million. 

The company was able to retain its top spot in the market in terms of revenue as its top line was up 2.8 per cent at Rs 15,345 crore. Vodafone