Revenue growth for the top three telecom operators in India was steady in the December quarter (Q3FY24), rising 2% sequentially and 9% year-on-year, according to a Jefferies India report. Notably, Bharti Airtel Ltd was the only telecom company to clock an improvement in sequential revenue growth at 3% in Q3. This was due to better-than-expected average revenue per user. While Reliance Jio’s revenue growth was largely stable at 2.5% quarter-on-quarter, Vodafone Idea Ltd’s (VIL) sales dropped.