Bharti Hexacom IPO

As of December 31, 2023, the company maintained a presence in 486 census towns, catering to a total customer base of 27.1 million individuals. Among these customers, there were 19,144 thousand data users, with 18,839 thousand utilising 4G and 5G services. Additionally, the average monthly data consumption per customer during the nine months leading up to December 31, 2023, stood at approximately 23.1 GB.

The company held the top position in the North East circle from Fiscals 2023 and 2022 through the nine months ending on December 31, 2023. In the Rajasthan circle, it closed the market share gap with the leader between Fiscal 2021 and December 31, 2023, securing the second position. (Source: CRISIL Report)

With ownership of 70% of the outstanding equity share capital, Airtel emerges as a global communications solutions provider boasting a customer base exceeding 500 million across 17 countries in South Asia and Africa. Throughout the nine months concluding on December 31, 2023, and Fiscal 2023, Airtel maintained a revenue market share in India of 37.2% and 36.1%, respectively. As of December 31, 2023, its mobile customer count stood at 381.7 million, representing a customer market share of 33.0%. Airtel's consolidated net debt to EBITDA ratio is at 2.5, underpinning its robust financial risk profile, as affirmed by CRISIL Ratings, which rates it at AA+ as of July 2023.

The company relies on a resilient network infrastructure comprising both owned and leased assets. Leveraging the telecommunications infrastructure and digital assets of its Promoter, Airtel, as well as its investment in Indus Towers, has been advantageous. Over time, the company has intensified its utilisation of digital tools, data science, and technology to bolster network efficiency, streamline costs, and promote environmental sustainability. As of December 31, 2023, the company's presence extended to 486 census towns across the two operational circles, supported by a network of 5,092 owned and 19,782 leased network towers.