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Telcos likely to see steady Q2 on Arpu-led growth

Financial Express Lucknow

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October 08, 2025

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- URVI MALVANIA

TELECOM OPERATORS ARE expected to post a steady performance in the September quarter, with sequential revenue growth of 1-3%, driven by modest gains in average revenue per user (Arpu) and continued migration to 4G and 5G services, according to analysts.

Subscriber additions are likely to remain positive for Bharti Airtel and Reliance Jio, while Vodafone Idea is expected to continue facing user churn, albeit at a slower pace.

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