Airtel bullish on 35% RMS, Rs. 200 ARPU in few quarters

MUMBAI: Bharti Airtel is confident it can grab 35% revenue market share (RMS), up from 32% at present, said analysts, and would stand to make stronger gains at Vodafone Idea’s cost in case there is no relief from the government or court on adjusted gross revenue (AGR) dues.

Brokerage Goldman Sachs, which hosted Bharti Airtel chairman Sunil Mittal as part of its CIO tour, said the top executive expects average revenue per user (ARPU), a key operational parameter, to reach the Rs. 200 levels — a level it recorded before Reliance Jio Infocomm’s entry in 2016 — in the next few quarters. Airtel expects ARPU to reach close to even Rs. 300 over time. At end of July-September, the operator with 280 million subscribers clocked ARPU of Rs. 128.