Jio impact waning? Airtel, Vodafone Idea arrest revenue slump

It is for the first time that in a quarter, since the launch of Reliance Jio in September 2016, the revenues for Bharti Airtel and Vodafone Idea (VIL) have not declined, when compared sequentially.

Thanks to the move by the incumbents to remove the low Arpu (average revenues per user) customers started in November last year, there has been some recovery in the financial performance of the two companies.

While Bharti Airtel witnessed an increase of 4.35% quarter-on-quarter in the company’s India mobile services revenue to Rs 10,632.3 crore for the three months of January-March 2019, VIL saw its revenues remain flat sequentially at Rs 11,775 crore.