Invest
Airtel sprinting ahead of Jio in Q4. And, a cursory view of BSE Ltd’s stock.
You would have surely heard the story of the tortoise and the hare in your childhood. The telecom companies have presented a slightly distorted form of it in the fourth quarter. Consider Airtel as the tortoise and Jio as the hare. Jio entered the market (just like hare entered the race) and made tremendous sprints. Jio completely disrupted the market and almost eliminated the competition. The tortoise (Airtel) however, kept looking along and remained perseverant. Then, came Quarter 4. While Jio was busy bagging investments from firms around the globe, Airtel was focusing on growing its market share. As a result, the Average Revenue Per User (ARPU) for Airtel grew by almost 20% in the last two quarters. While, ARPU for Jio grew only around 2% in the same period. Sequentially, Airtel’s Indian business grew by (approx.) 16% whereas Jio’s revenue grew only by 6%.
Continue Reading
about 4 years ago