Care Ratings: Telecom Sector Update
Passengers use smartphones at Mumbai Central railway station in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Care Ratings: Telecom Sector Update


BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Care Ratings Research Report

The telecom industry’s average revenue per user touched Rs 90 (YoY growth of 28.2%) mark in the March 2020 quarter after a long gap of 12 quarters.

This was primarily backed by price hikes (up to 40%) undertaken by the telcos for its prepaid users from the month of December 2019 onwards.

On a sequential basis, the ARPU increased by 16.3% in the March 2020 quarter.

The double-digit improvement was seen not just at the ARPU level but was also witnessed for data usage and charges in Q1 FY21.

Click on the attachment to read the full report:

Care Ratings Telecom Sector Update December 2020.pdf


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