Telecom earnings preview: Africa to lift Airtel, Jio may add 8 million users, Vodafone Idea could be steady

India’s telecom companies head into the June-quarter earnings season with a familiar story getting a new twist: Bharti Airtel keeps growing, but increasingly it’s the African market doing the heavy lifting, while Vodafone Idea, after years of bleeding subscribers, finally looks like it has found a floor, as per the latest report by Nomura.

Africa is now Airtel’s growth engine

Bharti Airtel‘s India wireless business is still growing, just not as fast as the rest of the company. Nomura expects the domestic wireless unit to bring in Rs 29,510 crore this quarter, a modest 2% rise from the previous three months,