CLSA on Reliance Jio, Bharti Airtel and Vodafone Idea | Big reveal on Telecom Sector
CLSA sees Bharti Airtel as well placed to play sector’s growth with 4G penetration at 52% of its subscribers and leading ARPUs. Vodafone Idea has lost 22 ppt share from peak. TRAI data reveals sector revenues during Q2 FY21 were up 26% YoY / 5% QoQ and are up 33% from lows of Q4 FY19. Vodafone Idea’s share loss decelerated to 40 bps QoQ, but it has lost 22 ppt revenue market share from peak.
Metros, which were most impacted by Covid-19-led lockdown in previous quarters, have seen highest revenue growth, up 11% QoQ in Q2 FY21: ANI