ET reports about an equity research report comparing Reliance Communication Ventures Ltd (RCoVL) and Bharti Airtel Ltd by JM Morgan Stanley and UBS Securities

The two global firms said that RCoVL had a higher average minute of usage (MOU) in the March 2006 quarter but a lower share of overall wireless subsciber additions and a lower average revenue per user (ARPU).

RCoVL has posted gross ARPU of Rs 375 for the March 2006 quarter, which was more than 15% lower than Bharti’s figure in the same quarter and represented a sequential decline of 8.5%. The minutes of usage are pegged at 532 minutes per month for RCoVL as compared to 431 for Bharti.

Bharti has a market capitalisation of Rs 79,809.84 crore as compared to Rs 39,244.14 crore of RCoVL.