Under his leadership, Jio has achieved a subscriber base of 450 million, including 50 million 5G users. The company has also launched Jio True 5G, providing coverage to 96% of census towns and aiming for pan-India 5G coverage by December 2023. Additionally, Jio s average revenue per user has increased since Ambani s appointment.
Airtel shines as price hikes, healthy subscriber growth and Jio’s disappointing performance send the stock rallying
Airtel shines as price hikes, healthy subscriber growth and Jio’s disappointing performance send the stock rallying
Rounak JainMay 4, 2021, 08:32 IST
Airtel has been slowly and steadily improving its performance every quarterBCCL
Airtel shares were buzzing in the stock market on Monday (May 3) even as the benchmark indices were deep in the red for most of the day.
Strong performance driven by price hikes, healthy average revenue per user (ARPU) jump and subscriber growth could propel Airtel ahead of its rival, Jio.
Jio’s disappointing performance in the March 2021 quarter has also given Airtel investors another reason to celebrate.Airtel’s fortunes are getting another boost as the telecom provider started reaping the benefits of price hikes combined with healthy subscriber growth.