Airtel To Lead Subscriber Addition Again, Says ICICI Direct 
An employee serves a customer at a stall selling Bharti Airtel Ltd. SIM cards outside a mobile phone store in Mumbai. Photographer: Dhiraj Singh/Bloomberg

Airtel To Lead Subscriber Addition Again, Says ICICI Direct 

Bookmark

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 Direct Report

We expect Bharti Airtel Ltd. to lead subscriber addition in Q3 FY21 aided by Vodafone Idea Ltd. churn and challenges faced by the new operator due to farmer’s protest.

For Airtel, we bake in subscriber addition of approximately 7.5 million, while for Vodafone Idea, we expect sub loss of ~4 million (much lower than average churn of ~10 million seen in the last four quarters).

For Airtel, reported average revenue per user is likely to see ~2% QoQ growth at Rs 165.

Indian wireless revenues are expected to see 5.3% QoQ growth at Rs 14,565 crore.

Click on the attachment to read the full report:

ICICI Direct Telecom Q3FY21 Preview.pdf

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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.