Telecom Stocks Outlook – 06 to 10.03.2017
Telecom Stocks Outlook – 06 to 10.03.2017
( www.rupeedesk.in )
The movement in shares of telecommunication companies is likely to be stock specific next week we
expecting shares of Bharti Airtel Ltd and Idea Cellular Ltd to be range-bound, while those of Tata
Communications Ltd to rise. Reliance Communications Ltd is seen weak. The telecom sector is currently in the midst of a tariff war waged by the newest entrant Reliance Jio Infocomm Ltd, which after offering free data and voice services till Mar 31, has unveiled aggressive tariff plans staring Apr1. The subsidiary of Reliance Industries Ltd on Mar 1 unveiled a bouquet of prepaid and postpaid plans starting at 19 rupees for one-day validity up to 9,999 rupees for 360-day period. The recent tariff plans announced by Reliance Jio look very attractive and other operators will be under pressure to announce matching tariff plans. The shift in subscriber base among operators will also be keenly watched. The March quarter will be difficult for Bharti Airtel and Idea Cellular we expecting a drop in realisations for the companies. Bharti Airtel's consolidated net profit had seen a 65.5% sequential decline in the December quarter, while Idea Cellular had reported a net loss, its first as a listed company. Tough times in the sector have also led to consolidation with Bharti Airtel last week announcing it will acquire the spectrum, licences, operations, and employees of the Indian arm of Norway's Telenor ASA. The agreement also includes the former taking over Telenor India's outstanding spectrum payment and operational contracts, including tower lease. The sector is also awaiting detail on the proposed merger between Vodafone India and Idea Cellular announced last month.
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Telecom Stocks Outlook – 06 to 10.03.2017
( www.rupeedesk.in )
The movement in shares of telecommunication companies is likely to be stock specific next week we
expecting shares of Bharti Airtel Ltd and Idea Cellular Ltd to be range-bound, while those of Tata
Communications Ltd to rise. Reliance Communications Ltd is seen weak. The telecom sector is currently in the midst of a tariff war waged by the newest entrant Reliance Jio Infocomm Ltd, which after offering free data and voice services till Mar 31, has unveiled aggressive tariff plans staring Apr1. The subsidiary of Reliance Industries Ltd on Mar 1 unveiled a bouquet of prepaid and postpaid plans starting at 19 rupees for one-day validity up to 9,999 rupees for 360-day period. The recent tariff plans announced by Reliance Jio look very attractive and other operators will be under pressure to announce matching tariff plans. The shift in subscriber base among operators will also be keenly watched. The March quarter will be difficult for Bharti Airtel and Idea Cellular we expecting a drop in realisations for the companies. Bharti Airtel's consolidated net profit had seen a 65.5% sequential decline in the December quarter, while Idea Cellular had reported a net loss, its first as a listed company. Tough times in the sector have also led to consolidation with Bharti Airtel last week announcing it will acquire the spectrum, licences, operations, and employees of the Indian arm of Norway's Telenor ASA. The agreement also includes the former taking over Telenor India's outstanding spectrum payment and operational contracts, including tower lease. The sector is also awaiting detail on the proposed merger between Vodafone India and Idea Cellular announced last month.
