“Covid-19’s hit on Bharti Airtel is likely to be moderate as prepaid tariff hikes of 20-30% in December 2019 would drive near-and medium-term growth for the company, and regrow its ARPU,” brokerage CLSA said in a note. Prepaid subscribers, it said, account for 94% of Airtel’s 283 million subscribers and that 45-50% of the recharges are happening online.

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