New Delhi: India's telecom sector is entering a multi-year growth and recovery phase with ARPU CAGR expected to grow to 7% during FY26-29E, which will likely reduce India's tariff gap, as per a report by Elara Capital.
Noting that the industry consolidation is largely complete and tariffs are still among the lowest globally", the report noted, "The sector is well-positioned for stronger cash flows, faster deleveraging, earnings upgrades, and improved returns."
