Telecom stocks: Expect tariff hikes from Bharti Airtel, Vodafone Idea, Jio after Lok Sabha election to drive higher ARPU

Telecom companies Bharti Airtel, Reliance Jio and Vodafone Idea reported earnings for the fourth quarter of FY24 broadly in-line with Street estimates. While Bharti Airtel sequentially gained around 6.7 million mobile subscribers in India wireless, Reliance Jio added around 10.9 million subscribers in the quarter to reach 482 million users.