34: Tariff hikes help Bharti Airtel score massive market share gain against Jio
Mark to Market
English - May 21, 2020 07:54 - 5 minutes - 5.3 MBBusiness News News market price finance podcast investing stock market entrepreneurship business business podcast money market share market entrepreneur Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Bharti Airtel and Jio’s March quarter results were strikingly different. There was hardly any sign of the December tariff hikes in Jio’s results. On the other hand, Bharti Airtel’s average revenue per user or ARPU expanded by 14% last quarter compared to Jio’s Arpu growth of a mere 1.7%. Airtel’s India wireless business grew by 16% sequentially, much higher than Jio’s 6% growth. This implies massive market share gains for Airtel. Overall, Airtel saw a 27% sequential jump in operating earnings at it's India wireless business.