Strong performance by Jio, Bharti to buoy telecom industry growth for FY21: Fitch

NEW DELHI: The Indian telecom industry’s mobile segment is expected to log EBITDA growth of at least 40 per cent in the current fiscal year, higher than 25 per cent in 2019-20, helped by strong showing so far by Reliance Jio and Bharti Airtel, according to Fitch Ratings.

EBITDA or earnings before interest, taxes, depreciation, and amortization is a measure of a firm’s broad financial performance.

Among other highlights, Fitch expects industry monthly ARPU (average realisation per user) to grow by 5-10 per cent in 2021-22 as 2G and 3G customers gradually upgrade to pricier 4G plans.