Category: telecom
Indian Wireless / Mobile Subscriber Base – 646 Mn
The Indian telecom sector added 17 mn subscribers in July 2010, taking the total mobile subscriber [Read SIM Cards, due to Multiplicity of SIMs] base to 646.4 mn. Bharti Airtel – Addition of 2.6 mn (3.0 mn last month), total base at 139.2 mn Reliance Communications – Addition of 2.5…
Wireless Price Stability – End of Tariff War ?
The Telecom tariff war that began earlier this year from the new operators financed by dare devil bankers and private equity funds appears to be stabilizing. The reversal of traffic to the incumbents (after they matched tariffs, importantly) suggests that this round of action has gone to the incumbents, one…
Bharti Airtel Managements Views on African Wireless Business
The management of Bharti Airtel Ltd, led by Manoj Kohli plans to introduce affordability and high usage in its African portfolio which is currently a high price environment (with tariffs in some markets as high as Europe/US according to Bharti). We believe the current market environment in Africa is supportive….
Dark Night Before Dawn – Signs of the Light
Indian competitive situation should improve as players focus on repairing their balance sheet. Tariffs have moved up in a few cases. Bharti’s African acquisition is now complete. Sentiment should move up as management unveils the details of their African Strategy. Despite strong competition, Bharti has lost less than 120bps revenue…
Uninor Gaining Traction – Too Early to Decide if it Can Sustain
Uninor – the JV between Unitech and Telnor reported an operating loss increase of 19% sequentially to USD220m. Despite rising operating loss (cumulative operating loss at cUSD570m), the company maintained its capex guidance. Revenue for the quarter increased sequentially by 84% to USD16m, but not enough for the company to…
Sunil Mittal takes Control of Bharti Airtel Africa
The management of Bharti airtel hosted a conference call to update on the completion of Zain Wireless takeover in Africa. Excerpts from the call is as follows. Management expects growth to be driven primarily by increasing 1) Penetration 2) Usage and 3) Data revenues. Market opportunity is huge, backed by…
How 3G chart could be as different as 2G ?
In India, one rarely witnesses or anticipates “launch hype” around product introductions in the share prices of their makers. This is quite unlike the US or Hong Kong where stocks often rise in a spectacular fashion on the back of first few days/weeks’ successes of some new gadgets or sales…
DoT on TRAI’s 2G Spectrum + Equipment Certification
You are already aware of the ongoing tug of war between 2G incumbent operators and TRAI over the latter’s recommendation on 2G Spectrum. Analysts met Sr. DoT officials and here are the key takeaways from the meeting. No Clarity on 2G Spectrum TRAI Recommendations’ Decision by DoT or Cabinet Ministry…