Telecom Stocks Outlook For The Week - 30.10.2017 To 03.11.2017
Telecom Stocks Outlook For The Week - 30.10.2017 To 03.11.2017
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Movement in stocks of telecommunication companies is likely to be stock specific next week. While Bharti Airtel is seen trading positive after Reliance Jio Infocomm Ltd raised tariffs last week, giving incumbent operators more cushions to raise prices, investors will watch out for the company's Jul-Sep
earnings, to be announced on Tuesday. Bharti Airtel is expected to post a consolidated net profit of 2.97 bln rupees for Jul-Sep, down 19% on quarter. This, we expect, would be due to competitive intensity in the telecom sector and the replacement of 15% service tax with 18% goods and services tax. May rise next week, October sales volume eyed Sentiment in the sector has turned slightly positive after Bharti Airtel 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 India's largest telecom operator 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.
Stocks of Tata Communications and Reliance Communications are seen falling next week. Earlier this week, news reports emerged that Reliance Communications had asked its employees and support staff under the wireless business to put in their papers. The company later stated that it would optimize its 2G and 3G footprint, and related infrastructure and human resources to focus on its 4G strategy.
Source : Cogencis Information Services Ltd.
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( www.rupeedesk.in )
Movement in stocks of telecommunication companies is likely to be stock specific next week. While Bharti Airtel is seen trading positive after Reliance Jio Infocomm Ltd raised tariffs last week, giving incumbent operators more cushions to raise prices, investors will watch out for the company's Jul-Sep
earnings, to be announced on Tuesday. Bharti Airtel is expected to post a consolidated net profit of 2.97 bln rupees for Jul-Sep, down 19% on quarter. This, we expect, would be due to competitive intensity in the telecom sector and the replacement of 15% service tax with 18% goods and services tax. May rise next week, October sales volume eyed Sentiment in the sector has turned slightly positive after Bharti Airtel 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 India's largest telecom operator 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.
Stocks of Tata Communications and Reliance Communications are seen falling next week. Earlier this week, news reports emerged that Reliance Communications had asked its employees and support staff under the wireless business to put in their papers. The company later stated that it would optimize its 2G and 3G footprint, and related infrastructure and human resources to focus on its 4G strategy.
TELECOMM - Down
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Source : Cogencis Information Services Ltd.
