Jio, Airtel must hike tariff to sustain revenue growth

Reliance Jio Infocomm Ltd and Bharti Airtel Ltd, which reported strong revenues for the March quarter with substantial customer additions, must hike tariff for wireless services to sustain the growth momentum in the long term, said analysts.

Both the operators posted improved revenue from operations for the fourth quarter. Reliance Jio’s revenue increased 18.9% year-on-year, and that of Airtel was 17.6% higher than a year ago. Reliance Jio added 15.4 million subscribers in January-March after struggling with a slowdown in net addition during the past three quarters, which averaged around 7.5 million. Airtel signed up 13.4 million customers in Q4FY21.