34: Tariff hikes help Bharti Airtel score massive market share gain against Jio

Bharti Airtel and Jio’s March quarter results were strikingly different. There was hardly any sign of the December tariff hikes in Jio’s results. On the other hand, Bharti Airtel’s average revenue per user or ARPU expanded by 14% last quarter compared to Jio’s Arpu growth of a mere 1.7%. Airtel’s India wireless business grew by 16% sequentially, much higher than Jio’s 6% growth. This implies massive market share gains for Airtel. Overall, Airtel saw a 27% sequential jump in operating earnings at it's India wireless business.