5 years, 3 months ago
Sanity returns to telecom market, but miles to go for incumbents
The government’s bid to repair the telecom sector has brought much required reprieve for investors. As tariff hikes take full effect, analysts at JM Financial Institutional Securities Ltd expected revenue growth to accelerate to 25% in FY21. Graphic by Satish Kumar/Mint Ratings agency Crisil said the industry’s average revenue per user may expand one-fourth from around ₹116 in FY19 to ₹145 next fiscal year. “With 25% growth in blended Arpu expected, Ebitda could double in fiscal 2021 to about ₹60,570 crore from ₹29,450 crore last fiscal,” Crisil said in a note. Undoubtedly, the incremental revenue will go a long way in easing the financial stress at Bharti Airtel and Vodafone Idea Ltd.




2 months, 2 weeks ago
Reliance Jio Q3 results: Net profit rises 26% YoY to ₹6,861 crore; Arpu at ₹203.3










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