Reliance Jio ARPU Growth Underwhelming: ICICI Securities
The September quarter and half-yearly performance results of Reliance Jio were recently announced by Reliance Industries Limited (RIL). The telco reported an average revenue per user (ARPU) growth of 3.7% to Rs 143.6 in Q2 FY22. ICICI Securities has termed the growth as underwhelming. The analyst noted that Jio has cleaned up some of its inactive subscriber base, which has led to the growth of ARPU. It is worth noting... Read More