Telecom Q3 Revenue Tracker - Bharti Airtel Shows Superior Execution, Market Share Win: 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.Industry adjusted gross revenue (including national long distance) grew 9.4% YoY / 4.4% QoQ to Rs 476 billion on partial benefit of tariff hike. Bharti Airtel Ltd. has gained AGR (including NLD) market share of 90 basis points QoQ (350 bps YoY) which shows its execution remains strong, and has been winning market share. Bharti Airtel also had broad-based performance with only four circle growing slower than respective circle’s industry growth. Vodafone Idea Ltd. AGR (including NLD) market share slippage continues with dip of 60 bps to 18.4%, but its performance in key 16 circles has seen some improvement.Reliance Jio’s AGR (including NLD) market share has dipped 40 bps QoQ to 40.6%, but historically we have seen delayed impact of tariff hike for RJio on larger long validity customers. Key to watch out is market share performance in next two quarters as operators see full benefit of tariff hike..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Telecom Q3 Revenue Tracker - Bharti Airtel Shows Superior Execution, Market Share Win: ICICI Securities

Telecom Q3 Revenue Tracker - Bharti Airtel Shows Superior Execution, Market Share Win: ICICI Securities

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