Airtel Shows the First Loss

By | April 4, 2018

Airtel and Idea News

Airtel named as Bharti Airtel shows their first loss in last 15 years. Now everyone has using the Reliance Jio network because of best offers with low price. Jio attracted more customers with in short time and now it’s one of leading telecommunications industry in India. Before coming Reliance Jio, Bharti Airtel is leading company in telecommunications industry and Airtel was leading at last 10 years. Now the days was changed because of Reliance Jio. Jio has providing good offers with reasonable price and the network is also good in almost all areas in India. So customers has shows their interest to Reliance Jio.

About Bharti Airtel

Bharti Airtel is telecommunications industry at global wise and headquarters was in New Delhi, India. Bharti Airtel started their services at 1955 and it’s serving 16 countries in a world. Now also Bharti Airtel is largest mobile network operator in India and third largest operator in world. Bharti Airtel services will supports on 2G, 3G, GSM, voLTE, 4G and voice services.

Airtel Shows Company Loss

At financial end of year Bharti Airtel shows their company losses and shows their aggression on Reliance Jio. Jio has low rates when we compare to other mobile networks and at a short period of time Reliance Jio has crossed Airtel subscribers. After Bharti Airtel the second losses company is Idea, at end of this yearly quarter losses of telecommunications companies list announced to media.

Airtel company estimation loss is 58 crores and the net loss will be around to 370 crores, and Idea shows their net loss is 1400 crores by this march quarter. Bank of America-Merrill Lynch expects the revenue of Bharti Airtel and Idea Ltd is “Airtel and Idea both companies has huge draining revenues of the companies, and till now the rates cutes not dropped huge and they are collecting Average Revenue for Every Users”. Based on this reports Reliance Jio has giving tough competition to the leading networks called Bharti Airtel and Idea Ltd.