Strong performance by Jio, Bharti to buoy telecom growth for FY21: Fitch

The Indian telecom industry’s mobile segment is expected to log EBITDA growth of at least 40 per cent in the current fiscal year, higher than 25 per cent in 2019-20, helped by strong showing so far by Reliance Jio and Bharti Airtel, according to Fitch Ratings.

EBITDA or earnings before interest, taxes, depreciation, and amortization is a measure of a firm’s broad financial performance.

Among other highlights, Fitch expects industry monthly ARPU (average realisation per user) to grow by 5-10 per cent in 2021-22 as 2G and 3G customers gradually upgrade to pricier 4G plans.