Mumbai: Telecom major Bharti Airtel has announced the decision to shut down its entire 3G network across the country by March 2020. The process of shutting down services has started in Kolkata in the recently concluded June quarter.
By September, 3G services will be shut down in six to seven more circles and the entire 3G network will be shut down from December to March. Gopal Vittal, CEO of Bharti Airtel (India and South Asia), said during the company’s earnings.
“Yes, we do see an upgrade when someone moves from 2G to 4G…On spectrum, probably by April 2020, we will really have only 2G and 4G. So all our spectrum will sit on 4G other than the administered spectrum which is on 2G, plus a small slug of spectrum that we require to run our 2G networks…everything else will be sitting on 4G band,” said Vittal.
Earlier, on Thursday Bharti Airtel has come up with a post of staggering loss of RS 2,866 crores for the June quarter.
After which global investment banking company Jefferies took a note for the same and reported that the company might take place in fiscal in 2020.
According to the latest report of Bharti Airtel’s Q1 results, there may be a price hike after Jio becomes the dominant player. Jefferies said in its note, “We believe that the price growth in India’s mobile business is unlikely to happen in FY15 and will only happen after Jio becomes a major player with more than 40 percent market share.”