Revenue growth of telcos likely to be sluggish in Q3

Mumbai: Bharti Airtel, Reliance Jio and Vodafone Idea (Vi) are likely to report sluggish sequential mobile revenue growth for the October-December 2022 quarter, as users discarded multiple SIMs, conversion from 2G to 4G slowed and the impact of late 2021 tariff hikes petered out with no fresh increases, said analysts.

ICICI Securities estimates that Bharti Airtel, Jio Platforms (JPL) and Vi will report Rs 35098.5 crore (0.6% on quarter growth ), Rs 24653.2 crore (1.6% on quarter growth) and Rs 10628 crore (on quarter growth 0.1%) respectively in their India mobile revenue for the third quarter of this financial year.