Telecom Stocks Outlook for the week – 28.12.2015 to 01.01.2016
Bharti
Airtel, Idea, Reliance Communication to trade positive
( www.rupeedesk.in )
Stocks
of major telecom companies are expected to continue their positive run on the
bourses
in the coming week, even as Reliance Jio Infocomm Ltd, touted to be the
biggest
rival of the existing telecom firms, starts operations Monday.
The
stocks of Bharti Airtel Ltd, Idea Cellular Ltd and Reliance Communications Ltd
have
been under stress for about an year over the impending launch of Reliance Jio,
adding
that they look positive in the coming week. Earlier this month, Reliance
Industries
Ltd's telecom arm Reliance Jio started offering full data and voice services
to
all employees of the group on a trial basis. Jio may have a soft launch on Dec
28,
the
birth anniversary of Reliance founder late Dhirubhai Ambani.
Reliance
Communications and Aircel entered into a 90-day exclusivity discussion
agreement
with promoters of Aircel to merge their wireless businesses in India. The
proposed
merger of operations will exclude Reliance Communications' towers and
optical
fibre infrastructure. Aditya Birla Group Company Idea Cellular, which
announced
high speed data services in parts of Andhra Pradesh, Telangana, Kerala,
Tamil
Nadu and Karnataka on Wednesday, is also expected to trade in the positive
zone
next week.
