Tariff hike-led revenue growth, 5G key events for telecom in 2023, decisive year for VIL: Report

Data adoption and tariff hike-led revenue growth as well as 5G rollouts are key monitorables for 2023 which will also be a decisive year for Vodafone Idea as a viable third player, according to a report. The telecom sector’s Average Revenue Per User (ARPU) when adjusted for inflation is still 17 per cent below pre-Reliance Jio launch. “…we expect Bharti (Airtel) to lead tariff hikes to ARPU of Rs 236 by FY25, while Bharti targets Rs 300 ARPU”, leading brokerage CLSA said in its report on the telecom sector.