Telcos Reliance Jio and Bharti may post a 5-7 per cent sequential rise in revenue with a steady margin for the second quarter of FY22, according to Jefferies. Bharti's growth will be led by segmented tariff hikes taken in the second quarter ended September, while Jio's growth will be driven by continued subscriber growth, it further said. Jefferies expects the outlook on tariff hikes for Bharti, further details on JioPhone Next for Jio, and tenancy outlook for Indus Towers to be the key things to watch for in the September quarter.
Vodafone Idea's cash flow analysis indicates that its situation may remain challenging even after any relief measures, and the telco needs "meaningful capital infusion" with a long gestation period to become competitive, a report by Credit Suisse said on Wednesday. The report expects Airtel to be "well placed" in either of the scenarios, of two-private-operator sector, or three private operators post an industry repair. The note by Credit Suisse on the Indian telecom sector said there has been increasing interest among investors to evaluate valuations of Bharti Airtel and Indus Towers under two situations, in the wake of recent developments.
Mumbai's Church of St John the Evangelist or Afghan Church looks today as good as it did 158 years ago.
Both the promoter groups - Vodafone and Aditya Birla - have confirmed their participation of up to Rs 11,000 crore and up to Rs 7,250 crore, respectively, in the issue.
Reliance Communications could become a much more formidable opponent.
While Airtel may be pushed to to No 3, Jio will find it mighty difficult to beat the new entity.
Globally, the focus has moved back to India, especially in terms of telecom assets. Vodafone Idea, with some 300 million customers, continues to be attractive with shares available at a low price.
The company added 95 lakh new 4G subscribers taking its total 4G subscriber base to 7.53 crore inching closer to its peer Bharti Airtel which reported 4G customer base of 7.7 crore.
Six consecutive profitable quarters after an equal number of losses - for Bharti Airtel, the turnaround has been quick. But it is not a result of higher tariffs or absence of exceptional items alone. Execution and strategy are playing a part, too. Bharti Airtel's chief executive officer Gopal Vittal summed it up in a post-result conference call last month. "We track the profit in each of our 237,500 (cell) sites.
The big advantage that Jio is able to garner currently is its low cost of operations.
Bharti Airtel on Wednesday announced a new corporate structure to sharpen the company's focus on rapidly unfolding digital opportunities while enabling it to unlock value. The move comes at a time when digital is turning out to be a compelling proposition for players in the Indian market, where the use of smartphones and better broadband connectivity has spurred the adoption of a new range of services. Players are positioning themselves beyond the core telephony offerings, as they enhance digital engagement, build future streams of revenue and create brand differentiation, besides redefining themselves as a larger platform of digital services, say market watchers.
The brand integration not only marks the completion of the largest telecom merger in the world, but will also set the company on its future journey to offer strong digital experiences to 1 billion Indians on its 4G network.
The merger will result in substantial cost and capex synergies with an estimated net present value of around USD 10 billion after integration costs and spectrum liberalisation payments, with estimated savings of USD 2.1 billion annually from the fourth year of the merger.
Idea Cellular will have to furnish an undertaking that it will entertain all the liabilities whenever a final decision is taken by the courts
Vodafone Idea, the country's third largest telecom operator, on Wednesday reported a staggering Rs 73,878 crore of net loss in fiscal ended March 2020 -- the highest ever by any Indian firm -- after it provisioned for Supreme Court-mandated statutory dues. The firm, which has to pay Rs 51,400 crore dues after the apex court ordered the non-telecom revenues to be included in calculating statutory dues, said the liability has "cast significant doubt on the company's ability to continue as a going concern".
In the broader market, the BSE Midcap index bucked the trend to gain 0.3%
Bharti's ratings headroom is likely to improve with an equity infusion, planned asset sales and growing EBITDA from Africa.
The third-quarter financials didn't excite market watchers. But equity investors can still make money if they invest in the right stocks.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
At the moment, data and broadband is small for BSNL: it contributes 10 per cent of the company's revenue, though its share is on the rise.
A Vodafone Group insider with more than 25 years in the telco across geographies, he's like the eyes and ears of the multinational in India.
But the road map of telecom will be decided by one thing: Whether Jio sticks to its ambitious plan and whether incumbents have enough financial muscle or ability to raise money every year to ensure that Jio does not reach its target, says Surajeet Das Gupta.
The number of telephone subscribers in India increased from 1,183.15 million at the end of May to 1,186.63 million at the end of June.
The Quorum in Mumbai aims to introduce and extend its blend of hospitality and philosophy of being community-led, content-driven, design-focused and experiential.
While Vodafone will hold 45.1% of the shares in the new entity, to be renamed at a later stage, Kumar Mangalam Birla and other promoters of Idea group will hold 26%. Vodafone India will also transfer 4.9% of its shareholding to Idea's promoters for a cash consideration of Rs 38.74 lakh crores.
BSE-200 companies's list shows that 96 companies had woman directors.
Banking and telecom will see the highest impact of this transition.
The aftermath of Mani Ratnam's Ponniyin Selvan has led to an argument that there was no religion as Hinduism in Chola times.
Instead, there was only Saivism, Vaishnavism, etc, and that the Cholas were Saivites, and hence not Hindus, observes N Sathiya Moorthy.
A new board has been constituted for the merged entity 'Vodafone Idea Ltd' with 12 directors (including six independent directors) and Kumar Mangalam Birla as its Chairman. The board has appointed Balesh Sharma as the CEO, the companies said in a joint statement. The combination will have an all-India revenue market share of 32.2 per cent and take the numero uno slot in nine telecom circles, it said adding that both Vodafone and Idea brands will continue.
'I'm an unbalanced human,' the founding partner of AZB, India's top law firm, tells Pavan Lall.
Cut-throat competition, high spectrum costs, and frequent flip-flops in government policies have made it difficult for Vodafone to make money in the country.
Google is going ahead with a policy revision mandating 30% charge on in-app purchases across all apps on Play Store. This has left developers' community worried about tighter squeeze on their earnings, says Yuvraj Malik.
The towering face of Kailash reminded us that we were but insignificant participants in a pilgrimage ritual that has played out over millennia for people of four major religions -- Hinduism, Buddhism, Jainism and Bon, notes Sonia Trikha Shukla.
'Glaciers are melting all across the region.'
'After it was finished, Shah Jahan visited the Taj only twice.' 'There is a letter from Aurangzeb to him after a visit, reporting that the dome was leaking and needed to be fixed.' 'Shah Jahan wasn't bothered: He had moved on to designing his next project, Shahjahanabad,' reveals Aakar Patel.
'We have never had a policy regarding Pakistani artistes working in India.' 'We welcome them with open arms and that remains the official policy of the Indian government, including the current dispensation.'
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
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