BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
In Q2 FY22, consumer spend on mobile services (post goods and services tax) rose 2.7% QoQ / 9.7% YoY to Rs 409 billion, aided by tariff rise in 2G base pack and shift from 2G to 4G.
Postpaid net revenue rose 6.4% QoQ / 4.9% YoY on rising subscriber base. Prepaid net revenue grew 2.3% QoQ / 15.7% YoY and average revenue per user rose 3.5 QoQ / 13.5% YoY to Rs 102.
4G sub addition slowed to 0.3% QoQ (net add: two million) to 749 million on cancellation of inactive subs by Reliance Jio.
RJio’s 4G sub market share dipped 170 basis points QoQ (down 310 bps YoY) to 56.7% while that for Bharti Airtel Ltd. improved to 25.7%, up 100 bps QoQ / 310 bps YoY.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR