Analysts upbeat on Airtel, bet on tariff hike post elections
Analysts see room for more gains in the stock on expectations of a tariff hike, higher average revenue per user (ARPU) - a measure of earnings generated from each user - and lower capex.
Analysts see room for more gains in the stock on expectations of a tariff hike, higher average revenue per user (ARPU) - a measure of earnings generated from each user - and lower capex.
Operationally, the joint venture between UK’s Vodafone Group Plc and India’s Aditya Birla Group, saw improvement, and said it reported its highest ever quarterly earnings before interest, tax, depreciation and amortization (EBITDA) post the 2018 merger of Rs 2,180 crore.
Fixed wireless access (FWA) is being seen as the crucial first use case in 5G that will enable telcos like Airtel and Jio to monetise the huge investments made on deployment of the technology, amidst telcos offering unlimited 5G speeds to mobile phone users.
None of Jio’s licences are coming up for renewal while Airtel and Vi need to renew in 6 and 2 circles, respectively, in 900 MHz and 1800 MHz bands.
Bharti Airtel Ltd. key Products/Revenue Segments include Service Revenue and Sale of Products for the year ending 31-Mar-2022.
Kotak Institutional Equities, a domestic brokerage, reiterated a sell recommendation for Vodafone Idea, citing it as a high-risk, high-reward opportunity. They maintained that under bullish conditions, the stock could potentially rise to Rs 23, assuming a significant 10% 10-year ARPU CAGR.
Telekom said its European business grew for the 25th consecutive quarter and was supported by strong service revenues in both its fixed network and mobile networks.
"We are sharpening our focus to be better for our customers and the country, by accelerating the modernisation of our operations, and by exploring options to optimise our global business," she said.
Veon has been focusing on its other markets including Ukraine where it is present through Kyivstar, which got hit by a cyberattack in December.
"Indiscriminate attacks and disruption of telecommunications by warring parties have severely affected civilians' ability to cope with the effects of the war, as well as aid workers' capacity to deliver essential services," said a statement signed by 94 NGOs, including Access Now, the Norwegian Refugee Council and the International Rescue Committee.
Three brokerages predicted that Vodafone Idea's net loss might have widened in the March quarter. It is expected in the range of Rs 7,307.20 crore to Rs 7,680 crore. Its revenue for the quarter is likely to be around Rs 10,690 crore.