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Telcos likely to see steady Q2 on Arpu-led growth
Financial Express Mumbai
|October 08, 2025
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.
Brokerages said the sector’s topline improvement would be primarily supported by a 1-2% rise in Arpu and one additional day in the quarter, with both Airtel and Jio expected to maintain earnings momentum. The verdict in the ongoing AGR case between Vodafone Idea and the department of telecommunications will also be a key development to watch, they added.
Dit verhaal komt uit de October 08, 2025-editie van Financial Express Mumbai.
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