All 5G phones except iPhone will work on Airtel network from mid-November: CEO

All 5G phones except iPhone will work on Airtel network from mid-November: CEO

All 5G-enabled smartphones except Apple iPhones will start supporting Airtel’s 5G services in the middle of this month, a senior Bharti Airtel official has said.

During the company’s earnings call, Bharti Airtel Managing Director and CEO Gopal Vittal said that Apple will release the software update in the first week of November and all of its devices should be compatible with the company’s 5G services. company in mid-December.

Airtel is providing 5G services at 4G rates, but is likely to respond to prices for next-generation services in the next 6-9 months, it added.

“Samsung… I think there are 27 models of 5G. 16 models are already ready and enabled. The rest will be done on November 10-12. OnePlus, all 17 models will work on our network. Vivo, all 34 models, Realme, “All 34 models will work on our network. All 33 Xiaomi models and 14 Oppo models will work. Apple has 13 models. They will be released (software update) around the first week of November and should be ready by mid-December.” Vital said. he said.

According to market research firm IDC, 5.1 crore of 5G smartphones were shipped from 2020 to the first half of 2022 and are expected to exceed 50 percent market share by 2023.

However, a number of 5G smartphones have been unable to access 5G services due to incompatibility between the network and the mobile phone.

Vittal said the company expects to cover all cities in urban India and also key rural areas by March 2024.

He said that the company is in the construction phase of the 5G network and “then we will make a decision on what we will do, it may be, in the next 6 to 9 months.”

“As the network begins to build, we will see a significant portion of our existing 4G data traffic move to Airtel 5G plus. This is important because it will allow us to gradually move more and more spectrum to 5G with the push of a button.” . We also started testing SA (standalone) mode on 5G. This mode may be relevant for some business use cases,” he said.

Bharti Airtel can advance a targeted network investment of Rs 23-24 billion per year to speed up the rollout of 5G services and gain market share.

Without naming debt-ridden Vodafone Idea, Vittal said: “Given the financial pressure situation being experienced by one of the industry players, we believe the time has come for Airtel to move forward and be the brand with the most decisive aspirations. in India”. With this, we hope to take a greater advantage, particularly in the postpaid segment.”

Bharti Airtel has posted an 89% year-on-year rise in consolidated net profit for the September quarter to Rs 2,145 crore, as higher revenue per user, more data usage and an expanded 4G base boosted realizations.

Airtel’s total revenue rose by almost 22 per cent year-on-year to Rs 34,527 crore during the quarter just ended.

The company attributed this to “delivering strong and consistent performance across the portfolio and crossing 500 million customers worldwide.”

Second quarter net profit was below street expectations, although revenue figures were higher than market estimates.

Average revenue per user or ARPU (a key metric for telcos) stood at Rs 190 for the quarter just ended compared to Rs 153 in the second quarter of FY22, helped by the focus on customers from quality, upgrading from feature phones to smartphones and monetizing data, Airtel said.

Vittal said that the company has only an 8.5 percent return on investments, which is very low and can be achieved by investing in financial instruments.

“This return on capital needs to go up. We’re not talking about massive corrections. We’re already at Rs 190 ARPU. We need to see a correction round. When this will happen, I’m not at liberty to say. We’re watching this space and see when it’s time.” suitable,” he said.

(Only the headline and image in this report may have been modified by Business Standard staff; all other content is auto-generated from a syndicated source.)

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