Telecom Stocks Outlook For The Week - 23 to 27.10.2017
Telecom Stocks Outlook For The Week - 23 to 27.10.2017
( www.rupeedesk.in )
The stocks of most telecommunication companies are seen rising next week due to hope that Reliance Jio Infocomm Ltd will increase tariffs, which may boost the average revenue per user for the entire
sector and reduce pressure on other operators to keep tariffs low. Earlier traded yesterday, stocks of Reliance Jio's parent company Reliance Industries Ltd hit a lifetime high of 917 rupees, as dealer expect the telecom operator to announce a sharp hike in tariffs from Thursday. The tariff hike is
necessary for Jio to sustain its revenue growth in the current Oct-Dec quarter, after achieving revenue of 61.5 bln rupees in the September quarter. As of Sep 30, the company had a total subscriber base of 138.6 mln. Sentiment in the sector has turned slightly positive after Bharti Airtel Ltd announced an agreement to acquire the consumer mobile businesses of the Tata group on a debt-free, cash-free basis. The proposed merger of Tata Teleservices Ltd and its subsidiary Tata Teleservices (Maharashtra) Ltd with the country's largest telecom company is expected to give Bharti Airtel a leg-up in the bruising tariff war, which started after the entry of Reliance Jio. This consolidation in the sector is expected to lead to a more efficient industry; as ultimately, it is seen resulting in three strong private entities and a government-run public sector company.
Idea Cellular - Up
Bharti Airtel - Up
Tata Comm - Up
Source : Cogencis Information Services Ltd.
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( www.rupeedesk.in )
The stocks of most telecommunication companies are seen rising next week due to hope that Reliance Jio Infocomm Ltd will increase tariffs, which may boost the average revenue per user for the entire
sector and reduce pressure on other operators to keep tariffs low. Earlier traded yesterday, stocks of Reliance Jio's parent company Reliance Industries Ltd hit a lifetime high of 917 rupees, as dealer expect the telecom operator to announce a sharp hike in tariffs from Thursday. The tariff hike is
necessary for Jio to sustain its revenue growth in the current Oct-Dec quarter, after achieving revenue of 61.5 bln rupees in the September quarter. As of Sep 30, the company had a total subscriber base of 138.6 mln. Sentiment in the sector has turned slightly positive after Bharti Airtel Ltd announced an agreement to acquire the consumer mobile businesses of the Tata group on a debt-free, cash-free basis. The proposed merger of Tata Teleservices Ltd and its subsidiary Tata Teleservices (Maharashtra) Ltd with the country's largest telecom company is expected to give Bharti Airtel a leg-up in the bruising tariff war, which started after the entry of Reliance Jio. This consolidation in the sector is expected to lead to a more efficient industry; as ultimately, it is seen resulting in three strong private entities and a government-run public sector company.
Idea Cellular - Up
Bharti Airtel - Up
Tata Comm - Up
Rcom - Up
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Source : Cogencis Information Services Ltd.
