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<\/span><\/figcaption><\/figure>Kolkata: Shares of Bharti Airtel<\/a> were down 0.2% to Rs 707.45 in Wednesday morning trade on BSE, a day after India’s second-largest telco reported a 27% sequential fall in its net profit to Rs 830 crore in the December quarter, stung by customer losses and a fall in data usage, which weighed on the positive effects of the November 2021 tariff hike that boosted the ARPU of its India mobile business.

Airtel<\/a> shares dipped marginally also a day after the Sunil Mittal-led telco announced plans to raise $1 billion via debt.

In a late Tuesday night filing, Airtel said its “board had granted enabling approvals for re-financing, vide debt instruments, through issuance of secured\/ unsecured, listed\/ unlisted non-convertible debt securities including debentures, bonds etc upto Rs 7,500 crore (or in equivalent foreign currency) in one or more tranches from time to time, subject to all applicable regulatory\/ statutory approval(s)”.

Airtel’s board has also “authorised a special committee of directors to decide, basis market conditions, on all matters related to the aforesaid issuance of securities, including but not limited to the finalisation and approval of the detailed terms & conditions, quantum of tranche(s) and timings of the issuance”.

Airtel’s ARPU – a key performance metric – rose over 6.5% sequentially to Rs 163 in the December quarter. Consolidated revenue, in turn, grew 18% on-year and 5.4% sequentially to Rs 29,867 crore. The telco, though, lost over 0.5 million customers on a net basis to end with 322.92 million customers.

Brokerage UBS, though, said “Bharti showed much better performance in Q3FY22 results versus competitors, as Jio lost 8.5 million subs and Vi lost 5.8 million subs in Q3”. Despite the subscriber loss, higher tariffs and improved customer mix (3 million 4G subs were added) resulted in ARPUs expanding 6.5% QoQ from Rs 153 to Rs 163, in line with our estimates.
\"India's<\/a><\/figure>

India's Bharti Airtel plans to raise $1 bln in fresh capital<\/a><\/h2>

Airtel said it would raise the amount, 75 billion rupees ($1 billion), by issuing non-convertible debt securities, including debentures and bonds, but did not reveal how it would use the money.<\/p><\/div>

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<\/span><\/figcaption><\/figure>Kolkata: Shares of Bharti Airtel<\/a> were down 0.2% to Rs 707.45 in Wednesday morning trade on BSE, a day after India’s second-largest telco reported a 27% sequential fall in its net profit to Rs 830 crore in the December quarter, stung by customer losses and a fall in data usage, which weighed on the positive effects of the November 2021 tariff hike that boosted the ARPU of its India mobile business.

Airtel<\/a> shares dipped marginally also a day after the Sunil Mittal-led telco announced plans to raise $1 billion via debt.

In a late Tuesday night filing, Airtel said its “board had granted enabling approvals for re-financing, vide debt instruments, through issuance of secured\/ unsecured, listed\/ unlisted non-convertible debt securities including debentures, bonds etc upto Rs 7,500 crore (or in equivalent foreign currency) in one or more tranches from time to time, subject to all applicable regulatory\/ statutory approval(s)”.

Airtel’s board has also “authorised a special committee of directors to decide, basis market conditions, on all matters related to the aforesaid issuance of securities, including but not limited to the finalisation and approval of the detailed terms & conditions, quantum of tranche(s) and timings of the issuance”.

Airtel’s ARPU – a key performance metric – rose over 6.5% sequentially to Rs 163 in the December quarter. Consolidated revenue, in turn, grew 18% on-year and 5.4% sequentially to Rs 29,867 crore. The telco, though, lost over 0.5 million customers on a net basis to end with 322.92 million customers.

Brokerage UBS, though, said “Bharti showed much better performance in Q3FY22 results versus competitors, as Jio lost 8.5 million subs and Vi lost 5.8 million subs in Q3”. Despite the subscriber loss, higher tariffs and improved customer mix (3 million 4G subs were added) resulted in ARPUs expanding 6.5% QoQ from Rs 153 to Rs 163, in line with our estimates.
\"India's<\/a><\/figure>

India's Bharti Airtel plans to raise $1 bln in fresh capital<\/a><\/h2>

Airtel said it would raise the amount, 75 billion rupees ($1 billion), by issuing non-convertible debt securities, including debentures and bonds, but did not reveal how it would use the money.<\/p><\/div>