New subscribers to help Jio’s Q2; tariff hikes to aid Airtel, VIL: Analysts
The second quarter of the fiscal is likely to be a “healthy quarter” for telecom companies, where Jio’s performance will be driven by subscriber additions, and Bharti and Vodafone Idea will benefit from tariff hikes and some recovery post-severe wave of COVID-19, according to some analysts.
The urgency around tariff hikes has come down with Vodafone Idea Ltd’s (VIL) near-term cash outflow significantly reduced, IIFL Securities said.
“Second quarter is likely to be a healthy quarter for telcos, though the drivers would be different for Jio and other players,” IIFL Securities said in a recent note.
It expects Bharti to “marginally outperform” Jio on sequential India mobile revenue growth.