Sunday, March 02, 2025 | 11:29 PM ISTहिंदी में पढें

Home / Companies / News / Telcos defy Covid-19, see strong revenue growth on higher data usage: Fitch

Telcos defy Covid-19, see strong revenue growth on higher data usage: Fitch

Revenue market share continues to consolidate with Reliance Jio and Bharti Airtel as Vodafone Idea loses 10 million users per quarter

Premium

Jio's revenue and EBITDA grew by 34 per cent and 55 per cent respectively while Bharti reported Q1 FY21 Indian mobile revenue and EBITDA growth of 19 per cent and 35 per cent year-on-year.

ANI

3 min read Last Updated : Aug 07 2020 | 1:17 PM IST

Two Indian telecom operators reported strong revenue and earnings before interest, taxes, depreciation and amortisation (EBITDA) growth in the three months ending June (Q1 FY21) due to tariff growth and higher data usage, defying the economic slowdown from the countrywide lockdown of 68 days up to May-end.

According to Fitch Ratings, revenue market share continues to consolidate with market leader Reliance Jio and Bharti Airtel as the third-largest telco Vodafone Idea is losing 10 million to 15 million users per quarter.

"Indian telcos are likely to weather the coronavirus-led slowdown as we forecast the industry mobile segment's EBITDA to grow by 25

Topics : Coronavirus telecom sector Telecom industry data usage Economic slowdown Bharti Airtel in Africa Reliance Jio Vodafone Idea

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in