India telecom companies have huge headroom for tariff hikes - ICICI Securities

ICICI Securities

29/12/2023 08:46

** India telecom tariffs are most affordable and telecom
companies have huge headroom for tariff hikes - ICICI Securities
    ** India’s consumers still enjoy maximum benefits relative
to comparable economies despite large tariff increases in past
few years, brokerage says
    ** India telecom players can increase tariffs by ~1.5x over
the next 4-5 years provided reasonable competitive intensity -
ICICI Securities
    ** Shares of Vodafone Idea  VODA.NS  up 18.1%, Bharti Airtel
 BRTI.NS  down 0.3% and Reliance Jio parent Reliance Industries
 RELI.NS  down 0.7%
    ** VODA shares have nearly doubled YTD, while BRTI is up 28%
and RELI up ~ 12%

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))