Airtel’s sharp fall in capex boosts free cash flows, ARPU expected to cross Rs 280 by FY26 end: Analysts

A sharp decline in capital expenditure is driving robust free cash flow (FCF) generation and deleveraging for Bharti Airtel which may help drive positive sentiments around the company’s stock, analysts said. India’s second largest telco also holds the highest average revenue per user (ARPU) in the industry at Rs 250, which is expected to grow further by the end of the fiscal to over Rs 280 by fiscal year end.