Telecom Stocks Outlook For The Week - 17 To 21.12.2018
The positive effect of the Telecom Disputes Settlement and Appellate Tribunal's order quashing the telecom regulator's new predatory pricing norm is likely to continue next week, but over the long-term pricing pressure may weigh on the sector. Yesterday, shares of Bharti Airtel and Vodafone Idea,
the likely beneficiaries of the tribunal's decision, rose 5% and 4%, respectively, on account of the order. Though they may continue their rise in the next session due to the buoyant mood, the pressure on their financials from low tariff continues to remain. The issue right now is when will companies start raising tariff, or if they'll raise tariff. One option is also that they can start monetising content. Any news on these issues may raise sentiment, but till then these stocks will be under pressure.
For Anil Ambani-led Reliance Communications, investors are likely to eye an approval from the
Department of Telecommunications next week for the company's spectrum sale to Mukesh
Ambani's Reliance Jio Infocomm Ltd. The DoT yesterday told the Supreme Court that it will "immediately" approve the deal as the company has submitted the corporate guarantee of 14 bln rupees which the department had asked. The telecom sector may also get support from likely rise in the broader market, as investors expect the central bank to announce a slew of measures to boost overall liquidity and ensure credit growth.
Source : Cogencis Information Services Ltd.
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The positive effect of the Telecom Disputes Settlement and Appellate Tribunal's order quashing the telecom regulator's new predatory pricing norm is likely to continue next week, but over the long-term pricing pressure may weigh on the sector. Yesterday, shares of Bharti Airtel and Vodafone Idea,
the likely beneficiaries of the tribunal's decision, rose 5% and 4%, respectively, on account of the order. Though they may continue their rise in the next session due to the buoyant mood, the pressure on their financials from low tariff continues to remain. The issue right now is when will companies start raising tariff, or if they'll raise tariff. One option is also that they can start monetising content. Any news on these issues may raise sentiment, but till then these stocks will be under pressure.
For Anil Ambani-led Reliance Communications, investors are likely to eye an approval from the
Department of Telecommunications next week for the company's spectrum sale to Mukesh
Ambani's Reliance Jio Infocomm Ltd. The DoT yesterday told the Supreme Court that it will "immediately" approve the deal as the company has submitted the corporate guarantee of 14 bln rupees which the department had asked. The telecom sector may also get support from likely rise in the broader market, as investors expect the central bank to announce a slew of measures to boost overall liquidity and ensure credit growth.
Source : Cogencis Information Services Ltd.
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