Reliance Jio may need more 4G spectrum to cater to user growth: Analysts

Mukesh Ambani-owned Reliance Jio may require more 4G spectrum to service its rapidly growing user base, analysts say, even as the telecom firm has indicated it has completed its capex cycle. 

Jio’s average revenue per user (ARPU) dip in July-September (Q2) was impacted by better subscriber mix and shift to long-term value packs, in line with recent trends, which in turn has boosted earnings before interest, tax, depreciation, and amortisation (Ebitda). 

The company indicated that gross debt is at Rs 84,000 crore. High debt led to a more-than-expected 88 per cent increase in interest costs year on year (YoY) to