Telecom Stocks Outlook for the week – 08 to 12.05.2017
Telecom Stocks Outlook for the week – 08 to 12.05.2017
( www.rupeedesk.in )
The Movement in shares of telecommunication companies is likely to remain stock specific next week. We expect shares of Idea Cellular Ltd and Reliance Communications Ltd to be weak. Bharti Airtel, India's largest telecom operator in terms of subscribers and revenue will announce its earnings for the March quarter on Tuesday. Investors will watch out for the management's comments on the impact of Reliance Jio Infocomm Ltd operations on the company's performance. Idea Cellular, too, will announce its Jan-Mar earnings on Wednesday. The Multiple free data and voice services offered by Reliance Jio for over five months, before announcing aggressive tariffs, forced incumbent telecom operators to announce matching tariff plans to compete. The Reserve Bank of India has asked banks to give immediate attention to the telecom sector, and review banks' exposure by Jun 30. Rising competition in the sector has also led to consolidation. Bharti Airtel has announced two separate acquisitions of Tikona Digital Networks Pvt Ltd and the Indian arm of Norway's Telenor ASA. Vodafone India and Idea Cellular have also announced a merger, which is pending regulatory approvals.
Source : Cogencis Information Services Ltd.
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Telecom Stocks Outlook for the week – 08 to 12.05.2017
( www.rupeedesk.in )
Source : Cogencis Information Services Ltd.
