Events in India are conspiring for those elusive higher mobile ARPUs that its leading telcos have long been craving. They remain among the lowest in the world at around $2 per month, and comparable with countries where average incomes are considerably less. So far, 5G has failed to lift ARPUs more than a notch since roll out began late in 2022 after completion of the spectrum auctions, which is admittedly hardly surprising since packages have been offered at 4G tariffs. But now, as 5G roll out is complete in more urban areas, the two big operators, Reliance Jio and Bharti Airtel, have both switched focus to raising ARPUs, rather than retaining or gaining customers. Achieving the latter without the former…