Jio Arpu growth to stay muted as tariff hikes pushed out

Reliance Jio’s average revenue per user (ARPU) growth is expected to remain modest in the near term as the telecom operator is unlikely to raise tariffs until after the proposed listing of Jio Platforms, analysts said. While subscriber additions continue at a steady pace, the absence of a near-term price hike means revenue growth will largely be driven by higher usage, customer upgrades and expansion in home broadband and fixed wireless access (FWA).