Telecom Stocks Outlook For The Week - 21 To 25.05.2018
Telecom companies Idea Cellular and Bharti Airtel may continue to feel the heat of Reliance Jio
Infocomm's lowest postpaid tariff of 199 rupees announced last week. The new RJio postpaid tariff will add to the tariff pressure which was so far seen only primarily in prepaid plans. This week, shares of Idea Cellular witnessed a minor rebound, while those of Bharti Airtel, India's largest mobile operator, fell to a 52-week low. It has to be seen whether the two telecom companies match Reliance Jio's postpaid tariff, and if they do, the stocks may face pressure in days to come. Reliance Communications will be in focus on whether talks with Ericsson India over an out-of-court settlement of its dues fructify.
Source : Cogencis Information Services Ltd.
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Telecom companies Idea Cellular and Bharti Airtel may continue to feel the heat of Reliance Jio
Infocomm's lowest postpaid tariff of 199 rupees announced last week. The new RJio postpaid tariff will add to the tariff pressure which was so far seen only primarily in prepaid plans. This week, shares of Idea Cellular witnessed a minor rebound, while those of Bharti Airtel, India's largest mobile operator, fell to a 52-week low. It has to be seen whether the two telecom companies match Reliance Jio's postpaid tariff, and if they do, the stocks may face pressure in days to come. Reliance Communications will be in focus on whether talks with Ericsson India over an out-of-court settlement of its dues fructify.
Source : Cogencis Information Services Ltd.
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