Telecom Sector Q2 Earnings Preview - Mixed Performance Likely: ICICI Direct
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 the subscriber addition trend to be mixed for the industry, Industry leader – Reliance Jio is likely to lead subscriber addition with ~15 million net adds in Q2.
On the other hand, Vodafone Idea Ltd. is expected to continue experiencing churn, also impacted by last quarter’s tariff hike for 2G customers, which, in our view, will drive consolidation.
Thus, for Vodafone Idea, we expect subscriber loss of ~6 million.
For Jio, reported average revenue per user is likely to be up 1% QoQ at ~Rs 140 while revenues are expected to see 4.1% QoQ growth at Rs 18,734 crore.
For Vodafone Idea, with ARPU growth of ~6% QoQ at Rs 110, we expect overall revenues to grow 2.1% QoQ at Rs 9347 crore.
Click on the attachment to read the full report:
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.