Telecom Stocks Outlook For The Week - 18.06.2018 To 22.06.2018
Shares of telecom companies are likely to be under pressure next week as market participants increasingly expect the nearly two-year competition in the sector to prolong, which may risk recovery of tariff. The weakened sentiment comes on the back of Reliance Jio earlier this week offering additional 1.5 GB data and a conditional 100-rupee discount for recharges done till the end of the month. While the offer may not have a significant impact on subscriber choices, it may signal that the new entrant may not have given up on its strategy to lower tariff to win subscribers. The competition may instead enter other business of the companies, like wired broadband and direct-to-home television. Completion of merger of Vodafone India with Idea Cellular and Reliance Communications' sale of assets to Reliance Jio will be key triggers for stocks of Idea and Reliance Communications.
Source : Cogencis Information Services Ltd.
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Shares of telecom companies are likely to be under pressure next week as market participants increasingly expect the nearly two-year competition in the sector to prolong, which may risk recovery of tariff. The weakened sentiment comes on the back of Reliance Jio earlier this week offering additional 1.5 GB data and a conditional 100-rupee discount for recharges done till the end of the month. While the offer may not have a significant impact on subscriber choices, it may signal that the new entrant may not have given up on its strategy to lower tariff to win subscribers. The competition may instead enter other business of the companies, like wired broadband and direct-to-home television. Completion of merger of Vodafone India with Idea Cellular and Reliance Communications' sale of assets to Reliance Jio will be key triggers for stocks of Idea and Reliance Communications.
Source : Cogencis Information Services Ltd.
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