All 5G smartphones except iPhone to work on Airtel network from mid-November: Airtel CEO Gopal Vittal

All 5G smartphones except iPhone to work on Airtel network from mid-November: Airtel CEO Gopal Vittal

Gopal Vital, managing director and CEO of Bharti Airtel, said that all 5G-enabled smartphones, except Apple’s iPhones, will start supporting Airtel 5G services by the middle of this month. However, he added that Apple will release a software update in the first week of November and all of its devices will support the company’s 5G services by mid-December.

“Samsung…I think there are 27 models of 5G. 16 are already ready and enabled. The rest will happen by November 10-12. All 17 OnePlus models will work on our network. Vivo all 34 models, Realme all 34 models will work on our network.” Xiaomi will run all 33 models and Oppo will run all 14 models. Apple has 13 models. They will have a release (software update) in the first week of November and by mid-December they will be ready,” Vittal said during the company’s earnings call.

Many 5G smartphones have not been able to access 5G services due to incompatibility between the network and the mobile phone.

According to market research firm IDC, Rs.5.1 crore for 5G smartphones shipped from 2020 to the first half of 2022 and the market share is expected to exceed 50 per cent by 2023.

Regarding 5G pricing, Vittal said Airtel will continue to offer 5G services at 4G prices but will decide the same in the next six to nine months. He said the company expects to cover all cities in urban areas of India as well as major rural areas by March 2024.

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

Bharti Airtel may offer a dedicated network investment of Rs 23,000-24,000 crore annually to accelerate the rollout of 5G services and gain market share.

Without naming the debt-laden idea of ​​Vodafone, Vital said, “Given the tight financial situation one of the players in the industry is going through, we feel it is time for Airtel to move forward and be the most ambitious brand decisively in India. With that we hope to take the lead. Especially in the postpaid sector.”

Bharti Airtel posted an 89 per cent YoY increase in consolidated net profit for the September quarter at Rs 2,145 crore, as higher revenue per user, more data consumption and an expanded 4G base boosted its achievements.

Airtel’s total revenue increased nearly 22 percent year-on-year to Rs.34,527 crore during the quarter just ended.

The company attributed this to “strong and consistent performance across the portfolio and exceeded 500 million customers globally.”

Net profit for the second quarter came in after street expectations, although revenue numbers came in above market estimates.

Average Revenue Per User or ARPU (a key metric for carriers) was Rs 190 for the quarter just ended compared to Rs 153 in Q2 FY22, aided by focus on quality customers, phone to smartphone upgrade and data monetization Airtel said.

Vital said 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 should go up. We are not talking about massive corrections. We are already at Rs 190 ARPU. We need to see one round of correction. When this happens, I am not at liberty to say. We are watching this space and seeing when it comes.” the time “.

with PTI . input

#smartphones #iPhone #work #Airtel #network #midNovember #Airtel #CEO #Gopal #Vittal

Leave a Comment

Your email address will not be published. Required fields are marked *