Bharti Airtel CEO Expects ARPU to Rise Up to Rs 200 in Near Future

Bharti Airtel witnessed exceptional growth in the March quarter as the average ARPU of the telcos mobile business showed an increase of 12%. Not only this, but the stock of Bharti Airtel was also trading on an all-time high stock price of Rs 603 per piece. In an interaction with ET Telecom, Chief Executive of Bharti Airtel, Gopal Vittal has stated that ARPU of the company will increase in the short-term. Also, Vittal has said that Trai should accelerate the process of fixing floor price to aid the telecom industry and keep the competition alive.

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Bharti Airtel Might Have ARPU of Rs 200 in Short-term

As stated by Gopal Vittal, Bharti Airtel achieved the high ARPU growth because of the tariff hike which the telco introduced back in December 2019. Not only this, but Bharti Airtel also offered attractive postpaid plans which intrigued the users to be a part of Airtel and enjoy seamless telecom services. However, Vittal has also stated that ARPU of Airtel, which is currently Rs 154, will further increase in short-term. He is expecting that Airtel will have Rs 200 ARPU, which might grow to Rs 300.

Bharti Airtel is Fifth Precious Firm by Market Capitalisation

The intraday growth of Airtel stock by nearly 12% has increased the credibility of the firm. As reported by ET Telecom, the target price has been lifted by almost 76%, and Bharti Airtel will benefit from the sector rotation. Not only this, but Bharti Airtel’s March quarter earnings have also closed the gap with Reliance Jio on revenue trends.