Airtel, Jio to gain market share due to VodaIdea’s worsened financial health

New Delhi: Bharti Airtel and Reliance Jio will continue to gain market share at the cost of Vodafone Idea’s “worsened” financial health that may deteriorate further in the wake of the AGR judgment, Axis Capital said in a note on Friday.

Axis Capital said it has trimmed its revenue estimates for wireless telcos. This is because muted subscriber additions as well as hit in 2G/3G conversions to 4G SIMs on account of the lockdown and a possible extension of certain curbs, could partially impact revenue growth that was expected in coming months from the tariff hike in December 2019.