Telecom Sector Q4 Earnings Preview - Bharti Airtel’s Superior Execution Likely To Continue: ICICI Securities
A plane flies over a telecom tower. (Photographer: Susana Gonzalez/Bloomberg)  

Telecom Sector Q4 Earnings Preview - Bharti Airtel’s Superior Execution Likely To Continue: ICICI Securities

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

Q4 FY21 average revenue per user and revenues for telcos would be hit due to nil interconnection usage charge that came into effect from January 01, 2021.

Bharti Airtel Ltd.’s Ebitda would benefit by Rs 1 billion from it while that for Vodafone Idea Ltd. would be hurt by Rs 0.8 million.

Also, Q4 FY21 had two days less, which will impact QoQ growth by 2%.

Airtel would continue to outperform with strong subs addition driving mobile revenue growth of 3% QoQ versus 0.6% drop for Vodafone Idea.

Airtel would also show continued traction in 4G subs addition (12 million) and grab higher market share.

Click on the attachment to read the full report:

ICICI Securities Q4FY21_Telecom Preview.pdf

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