Nonetheless, higher Arpu led to 4% QoQ increase in Ebitda of India mobile services to ₹18,187 crore. Airtel business or enterprise segment, the second biggest vertical, reported 5.7% QoQ increase in Ebitda to ₹2,492 crore. The segment has been gaining momentum after winning several deals across cloud, core connectivity, security and internet of things. However, the huge gap in Ebitda of the top two verticals indicates that mobile services will stay the crucial driver for the stock.
