Telecom sector revenue growth at 5% in Q2 on easing of lockdown curbs: Report

New Delhi: Telecom sector’s revenue growth picked up to about 5 per cent in the September quarter against 1 per cent in the June quarter after relaxation of lockdown curbs, according to a latest report. Bharti and Jio gained market share from Vodafone Idea, while Airtel continued to “outperform” on key operating metrics, Jefferies has said in a recent note.
“During 2QFY21, aggregate revenue growth for the top-3 operators picked up to 5 per cent quarter on quarter versus 1 per cent quarter in quarter in 1QFY21, largely due to relaxation of lockdown,” Jefferies added.
Seen quarter-on-quarter, Bharti Airtel reported the highest revenue growth at about 7 per cent sequentially, against Jio’s 6 per cent and Vodafone Idea’s (VIL) 1 per cent.
Bharti’s operating metrics continue to outperform, it observed.