Airtel may lap up Vodafone Idea’s subscribers if latter struggles: Nitin Soni, Fitch Ratings

What trends are you seeing after a month tariff hike by telecom operators? Are they reflecting in the numbers?

We rate Bharti Airtel at BBB minus and it is on rating watch negative. The operator’s third quarter results were pretty much in line with our expectations.

The positive surprise was the fact that it gained 2.1 crore 4G subscribers, which resulted in an improvement in Ebitda margin. The company is realising cost savings, as it aims to shut down its 3G network completely by March 2020.