All 5G smartphones except iPhone will work on Airtel network from mid-November: Airtel CEO
During the company’s earnings call, Bharti Airtel Managing Director and Chief Executive Officer Gopal Vittal said Apple it will release the software update in the first week of November and all its devices should be compatible with the company’s 5G services 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 from November 10 to 12. one plus all 17 models will work on our network. alive all 34 models, Real me all 34 models will work on our network. The 33 Xiaomi models and oppo all 14 models will work. Apple It has 13 models. They will have a (software update) release around the first week of November and by mid-December they should be ready,” Vittal 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 the allocated network investment of $Rs 23,000-24,000 crore per year to speed up the deployment 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 increase in consolidated net profit for the September quarter in $Rs 2,145 crore, as higher revenue per user, more data consumption and an expanded 4G base boosted realizations.
Airtel’s total revenue rose nearly 22 percent year-on-year to $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 $190 for the quarter just ended compared to $153 in the second quarter of FY22, helped by the focus on quality customers, upgrading from feature phones to smartphones and data monetization, 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 increase. We’re not talking about massive corrections. We’re already in $190 ARPU. We need to see a correction round. When this will happen, I am not at liberty to say. We’re looking at this space and seeing when the time is right,” she said.