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Telcos likely to see steady growth in first quarter
Financial Express Lucknow
|July 11, 2025
Stable Performance
TELECOM OPERATORS ARE expected to report stable quarter-on-quarter (q-o-q) growth for the April-June quarter, driven by steady improvement in average revenue per user (Arpu) and consistent subscriber additions.
According to analysts, the combination of higher number of days during the quarter and continued migration from 2G to 4G/5G networks has supported topline momentum, with Reliance Jio expected to outperform its peers.
Brokerages have projected Arpu growth of 1-2% q-o-q for all three major players—Reliance Jio, Bharti Airtel, and Vodafone Idea (VIL)—as users continue shifting to premium plans.
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