Revenue growth on cards for Jio, Airtel; user loss to weigh on Vodafone Idea

Kolkata: Reliance Jio and Bharti Airtel are set to report sequential revenue growth in their mobile business in India in the fiscal third quarter, fuelled by strong broadband user growth and a surge in data consumption driven by the recent Cricket World Cup, analysts said. Vodafone Idea’s mobile revenue, though, is likely to remain stagnant sequentially in the December quarter, stung by heavy customer losses.

Analysts expect Airtel to turn in a stronger average revenue per user (ARPU) than Jio in the three months ended 31 December as the latter’s growth on this score is likely to be restricted by wide adoption of unlimited data packs by 5G users.