Bharti Airtel’s margins likely to improve to 45% in 2021: Moody’s

MUMBAI: Indian telecom war may be long from being over. Bharti Airtel could their margins improve going ahead as consumers continue to spend more and increasingly more people move to the 4G network, Moody’s outlook research report said.

“Bharti Airtel Ltd’s (Ba1 stable) margins are likely to improve to about 45 per cent in 2021 from 40 per cent for the 12 months through September 2020, on the back of rising average revenue per user (ARPU) and a higher proportion of 4G subscribers,” the research report said. Bharti Airtel will deliver on the back of improving profitability in the Indian mobile sector the report added.