Telcos Q3 revenue growth seen stable, Arpu to rise marginally

Telecom operators, Bharti Airtel, Reliance Jio and Vodafone Idea, are expected to see another steady sequential revenue growth in the October-December quarter backed by continuous increase in data consumption, gradual 2G to 4G upgradation, and improved subscriber mix, analysts said.

The growth in average revenue per user (Arpu) for the telcos, however, is expected to be restricted in absence of tariff hikes and with the increase in 5G users, who are adopting unlimited 5G data at no additional tariffs.