Devesh
Core Member
India’s telecom industry is slated to grow at 4% CAGR over FY16-19 to $33 billion (Rs 2.2 trillion approx), driven by a sharp 30% CAGR spurt in data revenues at $11 billion (Rs 75,600 crore), said brokerage CLSA, adding that Bharti Airtel is best positioned to withstand competition from Reliance Jio Infocomm and gain revenue share with its mix of “incumbency, improved execution, bigger capacity spectrum holdings and a headstart over closest rivals, Vodafone India and Idea Cellular on both 4G capex investments and data network rollouts”.
The global brokerage, in fact, said No 2 carrier, Vodafone India and third-largest, Idea Cellular “are at risk of losing (market) share”, due to their comparatively limited data spectrum holdings.
On the contrary, it sees market leader Bharti Airtel delivering 9% (CAGR) Ebitda gains over FY17-19, due to “its spectrum and execution edge”.
“Given the accelerated transition towards 4G services, operators with adequate 4G footprint/capacity and lower gearing are favourably placed to gain market share,” CLSA said in a note seen by ET.
Airtel: airtel best positioned to withstand competition from reliance jio: clsa, Telecom News, ET Telecom
The global brokerage, in fact, said No 2 carrier, Vodafone India and third-largest, Idea Cellular “are at risk of losing (market) share”, due to their comparatively limited data spectrum holdings.
On the contrary, it sees market leader Bharti Airtel delivering 9% (CAGR) Ebitda gains over FY17-19, due to “its spectrum and execution edge”.
“Given the accelerated transition towards 4G services, operators with adequate 4G footprint/capacity and lower gearing are favourably placed to gain market share,” CLSA said in a note seen by ET.
Airtel: airtel best positioned to withstand competition from reliance jio: clsa, Telecom News, ET Telecom