Bharti Hexacom IPO

Company Summary

This company is a communications solutions provider offering consumer mobile services, fixed-line telephone, and broadband services to customers in the Rajasthan and the North East telecommunication circles in India, which comprises the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura.

They also derive significant synergies from their relationship with their Promoter, Airtel, through the expansive digital infrastructure, digital experience, and the digital services it provides to its customers.

As of December 31, 2023, they were present in 486 census towns and had an aggregate of 27.1 million customers across the Rajasthan Circle and Northeastern Circle.

As of the same date, their customer base included 19,144 thousand data customers, of which 18,839 thousand were 4G and 5G customers, and data consumption per customer per month stood at approximately 23.1 GB during the nine months ended December 31, 2023.

Furthermore, As of December 31, 2023, they utilized 24,874 network towers, of which they owned 5,092 towers, and the remaining 19,782 towers were leased from tower companies.

They have an extensive distribution and service network across the regions they operate in and during the nine months that ended December 31, 2023, and the last three Fiscals, they have set up 51 retail outlets and 24 small format stores to reach 90 cities, as of December 31, 2023. As of December 31, 2023, their distribution network comprised 616 distributors and 89,454 retail touchpoints.