Reliance Jio, India’s leading telecom operator, has surpassed China Mobile as the world’s largest consumer of mobile data. Despite dominance in 5G services, average revenue per user (ARPU) growth remains stagnant. Analysts expect tariff hikes to drive monetization in the future. Jio’s fixed wireless home broadband service, AirFiber, shows strong demand, while rival Airtel posts revenue growth.