Bharti Airtel’s revenue grows faster than Jio’s since FY22: New Street Research
NEW DELHI: Bharti Airtel’s connectivity services revenue has grown at a compound annual growth rate (CAGR) rate of 14.7% since FY22, faster than rival Reliance Jio Infocomm’s (RJIL) 13.7% during the same period, owing to a market-leading average revenue per user (ARPU) and premium subscriber mix, New Street Research said in a report on Monday.
“Comparing like with like, Bharti’s mobile, home and business divisions vs Jio’s connectivity business (RJIL), Bharti’s revenue has grown slightly faster than Jio’s since FY22 (14.7% vs 13.7% a year),” the multinational brokerage house said in a research note, seen by ETTelecom.
