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INDUSTOWER - Indus Towers News Story

₹242.6 -0.9  -0.4%

Last Trade - 11:22am

Sector
Telecoms
Size
Large Cap
Market Cap £6.35bn
Enterprise Value £7.82bn
Revenue £1.35bn
Position in Universe 67th / 3112

BUZZ-India's telecom sector profitability to stay under pressure - Jefferies

Mon 19th March, 2018 5:09am
** Profitability at Indian telecom sector is expected to
remain under pressure for another 12 months as operators vie for
market share, Jefferies says in a note
    ** Jefferies assumes coverage on Bharti Airtel Ltd  BRTI.NS 
with 'Underperform' rating and 365 rupees PT
    ** Bharti is well placed to face the competitive threat to
its various businesses, however the competition would lead to
drop in margins - Jefferies analysts
    ** Idea Cellular Ltd  IDEA.NS  is expected to face
substantial market share losses, analysts say, while the
assuming stock at 'underperform' and PT of 68 rupees
    ** Jefferies rates Bharti Infratel Ltd  BHRI.NS  at 'Hold'
and PT of 300 rupees; it expects "muted near-term growth" and
stays "concerned about the long-term margins and return ratios"
    ** Expects improvement from mid-FY20E; broadband subscribers
with substantial data usage to make up nearly half of the
overall subscribers

 ((Reuters Messaging:
tanvi.mehta.thomsonreuters.com@reuters.net))
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