Capex strategy, prudent 5G rollout, rural pick up boosted Airtel in Q3: Analysts

Bharti Airtel's capital expenditure strategy focused on Non-standalone 5G rollout and rural coverage resulted in beating Reliance Jio in revenue growth. Airtel's ARPU increased to Rs 208, driven by robust 4G/5G subscriber additions, stable churn rate, and postpaid user additions. Airtel's stock rose 3.28%. Airtel's revenue market share increased to 39.6%. Airtel's revenue growth was aided by home broadband and enterprise segments.
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