India, Oct. 24 -- The use of unlicensed spectrum to provide UBR (Unlicensed Band Radio) has proven highly beneficial for Jio, India's largest telecom operator. Supported by its Fixed Wireless Access (FWA) services, Jio's home broadband business has been expanding rapidly, adding over a million new customers every month. UBR plays a key role in enabling these FWA services, allowing Jio to deliver broadband connectivity efficiently and cost-effectively.

According to Jefferies, "We lower our ARPU assumptions by 1% and expect Jio's ARPU to rise at an 11% CAGR to Rs 272 over FY25-28, led by three tariff hikes of 10% each," referring to the third quarters of FY26, FY27, and FY28. Jefferies also noted, "We expect Jio's margins to expand to 58% ...