Analysts expect telcos to report steady growth in Q1

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.