Telecom industry’s revenues grew to Rs 443 billion in Q3FY21, says Ind-Ra

According to a recent study by India Ratings and Research (Ind-Ra), telecom industry’s revenues continued to grow for the fifth quarter in a row during Q3FY21 to Rs 443 billion. The report noted that this trend was supported by the industry-wide tariff hikes implemented in the last 12-18 months, increasing penetration of high ARPU broadband subscribers, and increasing subscriber base.

The report highlighted that Reliance Jio continued to be the largest telecom player in terms of revenue market share (RMS) in December 2020 with RMS of 39.3 per cent in 3QFY21, followed by Airtel with 32.8 per cent RMS, Vodafone Idea with 20.8 per cent RMS and BSNL with 6.8 per cent RMS.

Further, the number of broadband subscribers increased from 62 per cent of the overall wireless subscriber base in November 2020 to 63 per cent in December 2020.

According to Ind-Ra, post-paid tariff plans by Jio and the recent tariff hike announced by Vodafone Idea for select plans indicated the inclination of industry players towards a higher ARPU regime in the long run.