**Telecommunications services:** 70%
**Digital services:** 20%
**Infrastructure and others:** 10%

**India:** 55%
**Africa:** 35%
**Southeast Asia:** 10%

Bharti Airtel Limited generates the majority of its revenue from the telecommunications services sector, which includes mobile, landline, and broadband services. Digital services, such as mobile applications and digital platforms, account for a significant portion of the revenue, followed by infrastructure services and other business areas.

India remains the largest market for Bharti Airtel, driven by its large population and the increasing penetration of mobile services. Africa is the second largest market, where the company has a strong presence in multiple countries and benefits from the growing demand for mobile services. Southeast Asia also contributes to the revenue, but to a lesser extent compared to the other two regions.

**Production Sites:** Mainly in India

Bharti Airtel Limited is a leading telecommunications company that operates mainly in India. The company does not produce physical products in the traditional sense, but offers telecommunication services. The infrastructure required for these services, such as mobile phone towers and network equipment, is built and operated in India.

As Bharti Airtel is a service company, it focuses on expanding and maintaining its network infrastructure within India as well as in other markets where it operates, such as in some African countries. The physical components of the network infrastructure are often sourced from third-party providers and international technology companies.

**Strategy for Future Growth:**

1. **5G Network Expansion:** Bharti Airtel is heavily investing in expanding its 5G network to meet the increasing demand for faster and more reliable mobile internet. This includes both infrastructure development and partnerships with technology companies.

2. **Digital Services:** The company is expanding its range of digital services, including cloud services, IoT solutions, and digital payment systems, to unlock new revenue streams and increase customer loyalty.

3. **Market Expansion:** Bharti Airtel plans to strengthen its presence in underserved rural areas of India while also exploring international markets to expand its customer base.

4. **Sustainability and ESG Initiatives:** The company is increasingly focusing on sustainable business practices and has set ambitious goals to reduce its CO2 footprint to meet the requirements of investors and regulatory authorities.

These strategic initiatives are intended to help Bharti Airtel strengthen its market position and secure long-term growth.

**Main Imported Raw Materials/Components:**
1. Telecommunications equipment
2. Fiber optic cables
3. Electronic components

**Main Supplier Countries:**
1. China
2. South Korea
3. USA

Bharti Airtel Limited mainly imports telecommunications equipment and fiber optic cables, which are crucial for the expansion and maintenance of their network infrastructure. These materials are primarily sourced from China, known as a leading manufacturer of telecommunications devices.

In addition, electronic components and specialized equipment are imported from South Korea and the USA to meet technological requirements and standards. These imports are crucial for expanding network capacities and improving service quality.

**Market share in India:** approximately 30% (2025, estimated)
**ARPU growth (Average Revenue Per User):** 5% (2024)
**Network coverage:** Over 95% of the Indian population (2025)

Bharti Airtel Limited has a significant competitive advantage in the telecommunications industry, especially in India. The company benefits from a large market share of around 30%, making it one of the leading providers in the country. This strong market position enables Bharti Airtel to benefit from economies of scale and offer its services cost-effectively.

In recent years, the company has continuously invested in improving its network coverage and now reaches over 95% of the Indian population. This comprehensive network coverage is a crucial advantage over smaller competitors that may not be able to offer the same reach.

Additionally, the ARPU growth of 5% in 2024 indicates that Bharti Airtel is able to increase the average revenue per user, suggesting successful monetization of its services. This could be supported by the introduction of new services and increasing data consumption rates.

Overall, Bharti Airtel is positioning itself as a company with a solid competitive advantage in the dynamic Indian telecommunications landscape through its strong market presence, extensive network coverage, and increasing ARPU.

**Institutional investor share:** approx. 52% (estimated for 2025)
**Insider purchases/sales:** No significant transactions in the last year (estimated for 2025)

Bharti Airtel Limited has a high institutional investor share, which is around 52%. This demonstrates the confidence of large institutional investors in the company.

Regarding insider transactions, there were no significant purchases or sales in the last year, indicating a stable assessment of the company's value by management and other insiders. This stability can be seen as a positive signal for market participants.

**Market share Bharti Airtel:** 31% (2025, estimated)

**Main competitors and their market shares:**
1. **Reliance Jio:** 35% (2025, estimated)
2. **Vodafone Idea:** 20% (2025, estimated)
3. **BSNL/MTNL:** 10% (2025, estimated)
4. **Tata Teleservices:** 3% (2025, estimated)
5. **Other smaller providers:** 1% (2025, estimated)

Bharti Airtel is one of the leading telecommunications providers in India and holds a significant market share of around 31%. The largest competitor, Reliance Jio, holds the largest market share at 35%. Vodafone Idea and BSNL/MTNL follow with 20% and 10% respectively.

The moat of Bharti Airtel is based on several factors: an extensive network, a strong brand presence, and a wide range of services ranging from mobile to broadband to digital services. This diversification and investments in network infrastructure provide Airtel with a certain advantage over smaller providers.

However, Reliance Jio has built a strong moat through aggressive pricing strategies, a modern network infrastructure, and rapid expansion. This has helped Jio quickly gain market share and establish a leading position.

In summary, Bharti Airtel has a solid moat, but it faces intense competition from Reliance Jio, which may have a potentially stronger moat due to its strategic initiatives and innovations.

**Revenue growth:** 10% (2024)
**Net income growth:** 8% (2024)
**Market share in the Indian telecommunications sector:** 30% (2024)

Bharti Airtel Limited recorded a revenue growth of 10% in 2024, attributed to strong demand in the telecommunications sector and successful expansion into rural areas. The company also managed to increase its net income by 8%, indicating efficiency improvements and cost-cutting measures.

Bharti Airtel holds a significant market share of 30% in the Indian telecommunications sector, highlighting its strong market position. Continued investment in 5G technologies and expanding service offerings could support future growth.

Analysts view the company's long-term prospects positively, especially due to increasing digitalization and rising demand for mobile data in India. The strategic focus on new technologies and markets could help Bharti Airtel further strengthen its market position.

**Dividend yield:** 1.5% (2025, estimated)
**Dividend history:** Regular payouts in recent years

Bharti Airtel Limited has regularly distributed dividends to its shareholders in recent years. The dividend yield is currently estimated at 1.5%, which can be considered moderate compared to other companies in the telecommunications industry.

The reliability of Bharti Airtel's dividend payments is supported by its stable market position and continuous sources of income. The company has proven in the past that it is able to pay dividends even in economically challenging times. Analysts expect that Bharti Airtel will continue to pursue a reliable dividend policy in the future, provided that no unforeseen economic circumstances occur.