2. I am talking of Bharti Airtel as the company has experienced good growth, however its ARPU has fallen by 10 per cent over the last three quarters, much ahead of the 4 per cent decline experienced by Reliance Communications .
3. However reasons to cheer are in form of revenue from SMS business, IPTV and broadband services.
4. Unlocking of more than 20,000 towers under its brand will give the real value to the company. However threat exists from reliance communication which can snatch its throne.
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