Connect with us

Headlines of the Day

Q3-Modest ARPU growth and margin expansion likely, ICICI Direct

We expect Reliance Jio to lead subscriber addition with ~6 million net sub additions during Q3. Bharti Airtel Ltd. is likely to add modest ~1 million subscribers amid SIM consolidation.

On the other hand, elevated churn at Vodafone Idea Ltd. is likely with a subscriber loss of ~6 million. Average revenue per user growth is expected to be seen for all telcos with some subscriber mix benefits.

We expect Jio, Airtel, Vodafone Idea’s reported ARPU to be up 1.5%, 2%, 2% QoQ at ~Rs 180, Rs 194, Rs 134, respectively. For Jio, revenues are expected at Rs 23206 crore, up 3% QoQ.

Airtel’s India wireless revenue is expected be up 2.1% QoQ at Rs 19,359 crore. For Vodafone Idea, we expect overall revenues to be flattish QoQ at Rs 10,620 crore. Bloomberg

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Copyright © 2024 Communications Today

error: Content is protected !!