Telcos to deliver steady Q3; Arpu may rise 0.4-1%

STRONG SIGNAL Q3 KPI expectations across private telcos ·Airtel (India Wireless) ·Jio (standalone) Vodafone Idea

- URVI MALVANIA

BHARTI AIRTEL AND Reliance Jio are expected to be neck and neck in terms of earnings growth for the December quarter, with brokerages projecting both to post up to a 4% sequential upswing in revenues.

Vodafone Idea, on the other hand, is expected to report a flat quarter as it continues to struggle with stemming subscriber losses and sustaining revenue momentum.