Bharti Airtel reports fourth-quarter loss of Rs 52.37 billion
![Bharti Airtel reports fourth-quarter loss of 52.37 billion rupees. (PTI Photo) Bharti Airtel reports fourth-quarter loss of 52.37 billion rupees. (PTI Photo)](https://s3.ap-southeast-1.amazonaws.com/images.asianage.com/images/aa-Cover-au7mok02br0m258dgrfuqgmvt0-20200519091819.Medi.jpeg)
Indian telecom operator Bharti Airtel Ltd reported a loss for the fourth quarter on Monday, as it set aside 56.42 billion Indian rupees ($744.90 million) for one-time spectrum charges.
The company, India’s third-largest telecom operator by subscribers, posted a loss of 52.37 billion rupees for the three months ended March 31, compared with a profit of 1.07 billion rupees a year earlier. However, the telco’s quarterly average revenue per user at its India mobile services business rose 25% from a year earlier to 154 rupees.
Indian telecom firms raised tariffs late last year after the Supreme Court upheld a demand by India’s telecoms department that wireless carriers pay 920 billion Indian rupees ($12.11 billion) in overdue levies and interest.
The company said total revenue rose 15% to 237.23 billion rupees for the quarter ended March 31.
Bharti Airtel added it had seen an increase in data traffic during the COVID-19 pandemic, which prompted India’s government to impose a strict lockdown since late March.