ICICI Securities

Home
ICICI Securities

Tanay Singh Thakur August 2nd, 2022 7:39 PM 17 COMMENTS

Airtel, Jio, Vi High Spends on 5G Spectrum Warrant Short-Term Tariff Hike: ICICI Securities

Airtel, Jio, and Vodafone Idea (Vi) all spent a ton of money on the 5G spectrum auctions. The telcos have made strategic purchases for the kind of money that the analysts didn't predict they would spend. But since the spectrum auctions are over now, there are many things in the clear now. The telcos aren't looking to hold back. Mostly, 5G services would arrive in India by October. Telecom operators... Read More

Tanay Singh Thakur April 7th, 2022 1:56 PM 0 COMMENTS

Airtel, Jio, and Vi to See Strong ARPU Boost in Q4 FY22: ICICI Securities

Bharti Airtel, Reliance Jio, and Vodafone Idea (Vi) are set to see strong average revenue per user (ARPU) growth in Q4 FY22, said ICICI Securities in a note. This is because the private telecom operators will be able to see the impact of tariff hikes in a full quarter. In Q3 FY22, when the tariff hikes were announced, only the month of December was left. Thus the impact of tariff... Read More

Tanay Singh Thakur February 10th, 2022 2:48 PM 3 COMMENTS

Airtel Lost Least Subscribers, Posted Highest ARPU Growth: Charu Paliwal, Counterpoint Research

Bharti Airtel lost the least number of subscribers in Q3 FY22 and posted the highest average revenue per user (ARPU) growth. The second-largest telco in the country added 3 million new 4G users while losing about 0.6 million subscribers from the total pool. This helped with improving the overall 4G users percentage in the subscriber base and also boosted the average revenue per user (ARPU) figure. “In the mobile segment,... Read More

Tanay Singh Thakur January 31st, 2022 9:37 AM 0 COMMENTS

Airtel to Better Compete With JioPhone Next in Coming Quarters: ICICI Securities

Even though Google has invested much lesser in Bharti Airtel as compared to Reliance Jio, the former will be able to give a strong competition to Reliance Jio’s affordable 4G device namely ‘JioPhoneNext’, said ICICI Securities in a note. The purpose of Google’s investment in both Jio and Airtel is different. With Airtel, the partnership with the search engine giant will focus on these key areas: 1) making the 4G... Read More

Tanay Singh Thakur January 7th, 2022 9:46 AM 0 COMMENTS

Tariff Hike Impact to Stay Limited in Q3 FY22 for Telcos: ICICI Securities

The overall revenue growth for mobile services in Q3 FY22 will be steady as the 20% tariff hikes in the last leg of the quarter would have a limited impact, says ICICI Securities. The analyst has, however, earmarked the last quarter of the year to be a very important one for the telcos as the maximum benefits of the tariff hikes will be seen and would pave the ground for... Read More

Tanay Singh Thakur December 23rd, 2021 12:11 PM 8 COMMENTS

Bharti Airtel to Narrow Market Share Gap With Jio

While Reliance Jio remains the number of telecom operators in India in terms of subscriber market share, the gap between Jio and Airtel should narrow in the coming years. Analysts at ICICI Securities believe that Jio’s subscriber market share would peak in FY23 and then will see a slight decline from FY24 onwards. This is where Airtel would narrow its market share gap with Jio. Analysts believe that Bharti Airtel... Read More

Tanay Singh Thakur November 16th, 2021 12:07 PM 3 COMMENTS

Vodafone Idea Short of Funds to Incur Capex: ICICI Securities

Vodafone Idea (Vi) is short of funds for incurring capex. The telco has indeed benefitted from the relief measures announced by the government, but the absence of cash for incurring capex is an issue. Vi’s competitors including Reliance Jio and Bharti Airtel are heavily investing in their networks to increase capacity and coverage. But due to stale revenues and cash flow, Vodafone Idea is not able to do that. ICICI... Read More

Tanay Singh Thakur October 25th, 2021 1:52 PM 1 COMMENTS

Reliance Jio ARPU Growth Underwhelming: ICICI Securities

The September quarter and half-yearly performance results of Reliance Jio were recently announced by Reliance Industries Limited (RIL). The telco reported an average revenue per user (ARPU) growth of 3.7% to Rs 143.6 in Q2 FY22. ICICI Securities has termed the growth as underwhelming. The analyst noted that Jio has cleaned up some of its inactive subscriber base, which has led to the growth of ARPU. It is worth noting... Read More

Tanay Singh Thakur April 5th, 2021 3:30 PM 3 COMMENTS

Bharti Airtel EBITDA Will Grow by Rs 1 Billion in Q4 FY21: ICICI Securities

Bharti Airtel has been adding more subscribers than any other telco in India for the last few months. In a report, ICICI securities has highlighted that the telco will continue adding subscribers and gain more market share in the Q4 FY21. The key highlight of the report was the Rs 1 billion benefit that Airtel is likely to receive post the scrapping of Interconnect Usage Charges (IUC) on January 1,... Read More