Analysts have predicted a "muted" June quarter for telecom companies due to slow smartphone sales amid lockdowns, free recharges given by telcos for low income users to help them stay connected during the pandemic and moderate subscriber additions. "We expect Q1 FY22 to be a muted quarter in terms of subscriber additions and sequential ARPU growth across telcos," the report said. It cited lower subscriber adds, particularly 4G customers, delayed recharges and SIM consolidation. Reliance Jio revenue will grow relatively fast (3.8 per cent quarter on quarter) as it benefits from strong subscriber additions in Q4FY22 and continued traction for JioPhone, the report said. Operators' cost should benefit from lower subscriber acquisition cost and other expenses.

Source: Mint July 18, 2021 09:11 UTC