Reliance Jio, Airtel and Vi: What Fitch predicts about Indian telcos' 5G era

India’s telecom industry is set to see stronger cash flows as it transitions to 5G. Reliance Jio and Bharti Airtel are expected to benefit most, with rising ARPU and reduced 5G-related expenditures. Vodafone Idea faces challenges due to its need for fresh capital to stay competitive and expand its 5G network.