Indian telecom companies are expected to witness a lackluster Q4FY23 because of sluggish revenue growth and increased expenses related to the 5G rollout. While Bharti and Airtel are expected to have stable subscriber growth, VI is predicted to continue losing market share.
The note by JM Financial titled `A tale of supremacy, defence and survival’ said with consolidation of India’s telecom industry largely complete, the wireless industry’s revenue is expected to double to about Rs 2,60,000 crore by 2024-25 as ARPU hike looks "inevitable".
The broadband and cable average revenue per user were stable in the quarter, said Bibhu Prasad Rath, President & CEO, Ortel Communication.
Commenting on the recommendations that Foreign Direct Investment (FDI) in telecom be hiked to 100 percent from 74 percent, Rohit Chordia feels it would be make like easier for companies like Vodafone, Unior who have been concerned on who their minority partners should be