Jio may outshine Airtel in June quarter revenue growth

Mumbai: Reliance Jio may have outdone Bharti Airtel on overall revenue and per-user revenue growth in the first quarter ended June, driven by a strong addition of higher paying fixed wireless access (FWA) home broadband users, analysts said.

Market leader Jio’s average revenue per user (ARPU) is expected to grow 1.8% quarter-on-quarter to ₹210 for the June quarter, boosted by the addition of 2 million FWA users out of a likely net addition of 7.2 million users, estimates by JM Financial showed.