Telecom Sector Q4 Earnings Preview - A Calm Quarter: Dolat Capital
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Dolat Capital Report
Q4 FY21 yet again had been a quarter without any tariff increase.
This is especially in backdrop of high hopes of potential tariff increase post the settlement of adjusted gross revenue case in early September 2020.
Inspite of lack of tariff increase, Bharti Airtel Ltd. with its superior execution had been witnessing healthy subscriber additions ahead of Reliance Jio, for the second consecutive quarter.
Airtel’s subscriber addition is also accompanied with modest average revenue per user improvement QoQ indicative of superior quality of additions. This is heartening.
Monetisation of Airtel Money and tower business in Africa is forthcoming of Bharti Airtel.
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