Bharti Airtel (India)

15 May 2024

🧠 Business Model (Expanded) Bharti Airtel is India’s second-largest telecom provider and a rising leader in digital infrastructure. It operates across: • Mobile (prepaid & postpaid) • Broadband (Airtel Xstream) • Enterprise B2B (IoT, Cloud) • Payments & banking (Airtel Payments Bank) It generates revenue via ARPU (average revenue per user), data usage, and enterprise contracts.

💰 Financials (FY23–24) • Revenue: ₹145,000 crore • Net Profit: ₹11,000 crore • ARPU: ₹200+ • Subscribers: 370M+

🧩 Strategy (Expanded) • Aggressive 5G rollout • Monetizing non-core verticals (e.g., Nxtra data centers) • Africa business contributes ~30% of revenue • High focus on digital services bundling (OTT, payments, gaming)

⚠️ Risks • Capex-heavy due to 5G infrastructure • Pricing wars if Jio undercuts again • Regulatory headwinds in telecom

🧠 Founder POV Airtel learned the hard way that telecom is a game of both speed and survival. Now it’s back — with data pipes and digital bundling.

⚖️ Takeaway Distribution isn’t enough. You need infrastructure too.

📎 Disclaimer: Not investment advice.