4.3% on-quarter overall revenue decline, and an even higher 6% wireless service revenue decline.
The company’s “4.3% on-quarter overall revenue decline will take away the illusion of stability and hopes of a quick revival,” said Kotak Institutional Equities.
Zee Group promoters have pledged about 64% of their 35.79% stake in Zee Entertainment and almost 95% of their holding in Dish TV India to lenders.
The consolidated revenue, however, increased by only 1 per cent to Rs 3,712 crore.
Jio is the only profit-making telco in the country, with both Vodafone Idea and Bharti Airtel’s Indian operations in the red, owing to brutal price competition and high debt.
As per analysts, Jio’s parent RIL said it is making good progress to monetise Jio Digital Fibre under a similar deal structure, although it did not identify potential investors.
Adoption of Ind-AS 116 standard for tower assets lifts Ebitda; lower access and staff costs also help.
Incumbent operators, it said, have been able to boost 4G data usage, led by improvements in their data networks.
Its ARPU, a key performance metric, is estimated to drop below Airtel’s for the first time, triggered by low-revenue generating customer gains.
The DoT, he said, has written to the FinMin, seeking a reduction in the goods and services tax (GST) on telecom gear and services from 18% to 12%.
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