Airtel to benefit from doubling of fixed line penetration in next few years: ICICI

New Delhi: Bharti Airtel’s ‘home services’ revenue is expected to outperform as fixed broadband (FBB) penetration can more than double in the next few years, benefitting from the work from home culture, brokerage firm ICICI Securities said.

ICICI said Bharti Airtel is well positioned to benefit from the rise in FBB and expect the company’s ‘home services’ revenue / EBITDA to outperform in coming years.

“With 2.4 million FBB subscribers, Bharti Airtel (Bharti) has 12.6% FBB subscriber market share, and likely much higher revenue market share due to its premium ARPU,” ICICI Securities said in a report.