BQ Blue'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 BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
We expect subscriber addition momentum to moderate for the industry amid recent tariff hike. Reliance Jio is likely to lead the subscriber addition with ~8 million net adds mainly led by JioPhone Next launch.
Bharti Airtel Ltd., which is likely to add ~0.3 million subscribers, with modest addition amid tariff hike led consolidation. On the other hand, Vodafone Idea Ltd. is expected to continue experiencing churn (albeit at a controlled level vis-a-vis earlier quarter) with subscriber loss of ~2 million.
Average revenue per user growth will be seen for all telcos, led by partial benefit of tariff hike.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
