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Airtel Africa Fuels Growth as India Slows
8 Jul
Summary
- Bharti Airtel's African revenue saw a 46% year-on-year increase.
- Vodafone Idea stabilized its subscriber base after prolonged declines.
- Jio Platforms added approximately 8 million subscribers last quarter.
Bharti Airtel's upcoming June-quarter earnings are expected to show robust growth, largely propelled by its African market operations. While India's wireless business continues to expand modestly, the African segment is demonstrating substantial momentum, with revenue projected to be up 46% year-on-year. This strong performance in Africa, coupled with contributions from other business units, is anticipated to drive consolidated revenue growth for Airtel.
Reliance Jio Platforms is also set for a positive quarter, expected to add around 8 million subscribers, further expanding its already large customer base. The company anticipates a sequential increase in revenue and a healthy net income, bolstered by improved EBITDA margins.
In a significant shift, Vodafone Idea appears to have reached a stabilization point, with projections indicating a halt in its long-standing subscriber decline. Recent tariff adjustments are contributing to an expected rise in Average Revenue Per User (ARPU), leading to a modest revenue increase. Despite this stabilization, the company is forecast to report a net loss for the quarter.
Indus Towers is maintaining a steady operational trajectory, with expected additions to its tower base and stable tenancy ratios. The company is predicted to see consistent revenue and EBITDA growth, reflecting its role in supporting telecom infrastructure.
