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INDUSTOWER - Indus Towers News Story

₹254.6 -4.7  -1.8%

Last Trade - 07/05/21

Sector
Telecoms
Size
Large Cap
Market Cap £6.71bn
Enterprise Value £8.20bn
Revenue £1.37bn
Position in Universe 63rd / 3107

BUZZ-Competitive intensity to remain high in Indian telecom space - Jefferies

Thu 19th July, 2018 5:32am
** Jefferies remains cautious on telecom sector as it
expects competitive intensity to remain high as fight for market
share continues
    ** India's mobile phone customer base rose 0.53 pct to 1.13
bln in May, data released by telecoms regulator showed on
Wednesday  urn:newsml:reuters.com:*:nL4N1UE412
    ** In May, Bharti Airtel Ltd  BRTI.NS  added 35.9 mln
subscribers led largely by Telenor merger, and Reliance Jio
added 9.4 mln subscribers, while Idea Cellular Ltd  IDEA.NS 
lost 2.5 mln subscribers 
    ** Says Q1 results will be muted with ARPU down between 4-7
pct qoq and sub addition remaining low and expects incumbents to
report margin decline of more than 200bps qoq and report losses
    ** Expects Airtel's Q1 revenues to rise 3 pct qoq led by
Telenor consolidation, mobile ARPU to fall over 7 pct qoq and
margins to decline 230 bps qoq led by moderation across all key
business
    ** Expects Idea to report 3 pct qoq fall in revenue in Q1
led by decline in ARPU and expect margins to fall 280 bps qoq to
below 14 pct
    ** Expect recovery post equilibrium (post-mid-FY20) to be
gradual and ARPU increases will require investment in both
capacity and content
    ** Airtel shares rise as much as 1.8 pct, while shares in
Idea drop as much as 2.6 pct

 ((Reuters Messaging:
krishna.vkurup.thomsonreuters.com@reuters.net))
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