Telecom Q4 Results Preview - Muted Quarter For Telcos: ICICI Direct

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Direct Report.We expect Reliance Jio to lead subscriber addition with ~6.5 million net sub additions during Q4. Bharti Airtel Ltd. is likely to add modest ~1 million subscribers owing to SIM consolidation amid 2G base tariff hike. On the other hand, churn at Vodafone Idea Ltd. will continue with subscriber loss of ~4 million. Average revenue per user growth is expected to be muted across telcos as upgrades benefits will be offset by lower number of days in the quarter. We expect Jio, Airtel, Vodafone Idea’s reported ARPU to be up 0.6%, 0.5%, 1% QoQ at ~Rs 179, Rs 194, Rs 136, respectively. For Jio, revenues are expected at Rs 23455 crore, up 2% QoQ. Airtel’s India wireless revenue is expected to witness 1.3% QoQ growth at Rs 19,606 crore. For Vodafone Idea, we expect overall revenues to be down ~1% QoQ at Rs 10,519 crore. For Sterlite Technologies Ltd., we bake in revenues at Rs 1852 crore, up ~17% YoY and down 1.6% QoQ. Sequential decline will be owing to lower services revenues..Click on the attachment to read the full report:.IT, Telecom Q4 Preview - Macroeconomic Conditions More Challenging; Slowing Down The Demand: Axis Securities.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Telecom Q4 Results Preview - Muted Quarter For Telcos: ICICI Direct

We expect Reliance Jio to lead subscriber addition with ~6.5 million net sub additions during Q4.

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