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Jio Airtel可能看到快速收入5 g拍卖后的市场份额
印度两大电信公司,他们估计,每个获得约150 - 200个基点(bps)涨幅超过两年后即将到来的5 g电波出售,而六世很可能会放弃更多的地面在这一点上。一个基点是0.01%。
依赖Jio和Bharti Airtel可能会看到快速收入和用户的市场份额沃达丰的想法在中期的成本,把5克分析人士说,频谱拍卖。他们补充说,亏损的Vi可能被迫等待资本筹集投资10000卢比的改造主要是其4 g业务关闭网络与其竞争对手的差距。
印度两大电信公司,他们估计,每个获得约150 - 200个基点(bps)涨幅超过两年的跨度后即将到来的5 g电波出售,而六世很可能会放弃更多的地面在这一点上。一个基点是0.01%。
频谱出售有可能在5月- 6月的政府推动最初5 g辊出局在8月15日,印度独立日。
分析师表示,Jio和附近的旅馆资产负债表实力投资顶级美元pan-India 5 g电波和巩固他们的移动宽带尽管前景的低回报率5 g频谱花在最初的几年。相比之下,资金短缺的Vi参与即将到来的销售可能是温和缺乏重要的筹资。
“Airtel和Jio应该看到加速,收入和用户市场份额六世的代价后的中期5 g拍卖作为电信公司肯定会目标pan-India 5 g电波在未来宽带技术投资,财务状况不佳的Vi无法匹配,”尼索尼,高级主管(企业)在全球评级机构惠誉,告诉等。
里昂证券支持的观点,说“Jio和Bharti将领导5 g拍卖都声称他们的网络基础设施是5 g功能”。
12月当季的最新整理的数据监管机构挂钩Airtel Jio和Vi的RMS为35.4%,分别为40.6%和18.4%。
索尼预计“Vi的拍卖参与仅限于几圈作为Trai-recommended 5 g频谱储备定价(如果接受政府)会僵硬,考虑到电信资产负债表的约束和等待募捐”。
火车建议削减的保留价格3.3 - -3.67 Ghz airwaves-the关键5 g带的近36%,至317卢比一套单元测试和基准利率的新mmWave乐队(24.25 - -28.5 Ghz)理想5 g回程需要每单位6.99卢比。但行业高管和分析师表示,价格仍然过高。
分析人士说,即使Vi能够确保其目标10000卢比从外部投资者资金很快,大部分会提高弱4 g的操作,特别是在电信可能不会发现它经济上可行的投资一项雄心勃勃的5 g推出,给低回报的可能性在最初的2 - 3年。
他们预计六世选择低调的5 g发挥和使用现金,预计基金从外部投资者重振4 g行动逮捕客户损失和提高ARPU近。这是六世以来,已经输给了Airtel和Jio 4 g的地盘,将面临严峻挑战,获得有意义的收入5 g服务缺乏相关用例和一个设备的生态系统。
可以肯定的是,法国巴黎银行表示,火车的呼吁更容易频谱30多年的付款条件和选择投降新电视广播是Vi阳性,尤其是后者已经有大量未得到充分利用的频谱。
不过,分析师表示,任何保守4 g-focused策略有另一面,它可以刮掉六世的收入和用户在未来几年股票一旦5 g采用上升。
瑞银表示“Bharti的另一个12 - 24个月的机会之窗市场份额从Vi,鉴于其抢先在4 g,这可能进一步巩固了,5 g启动”。
在过去三年中,Vi失去了数以百万计的客户和收入份额每季度Jio和旅馆。这一点,由于其无法充分投资扩大其4 g网络在移动宽带覆盖匹配竞争对手。
上个月,从其promoters-UK Vi筹集了4500卢比的沃达丰股价和印度的Aditya Birla)组。但没有关闭目标10000卢比从外部投资者融资,需要紧急恢复其4 g业务和更有效地竞争Jio和旅馆。六世一直在与大量的私人股本机构如阿波罗全球股票和债券融资。
印度两大电信公司,他们估计,每个获得约150 - 200个基点(bps)涨幅超过两年的跨度后即将到来的5 g电波出售,而六世很可能会放弃更多的地面在这一点上。一个基点是0.01%。
频谱出售有可能在5月- 6月的政府推动最初5 g辊出局在8月15日,印度独立日。
“Airtel和Jio应该看到加速,收入和用户市场份额六世的代价后的中期5 g拍卖作为电信公司肯定会目标pan-India 5 g电波在未来宽带技术投资,财务状况不佳的Vi无法匹配,”尼索尼,高级主管(企业)在全球评级机构惠誉,告诉等。
里昂证券支持的观点,说“Jio和Bharti将领导5 g拍卖都声称他们的网络基础设施是5 g功能”。
12月当季的最新整理的数据监管机构挂钩Airtel Jio和Vi的RMS为35.4%,分别为40.6%和18.4%。
索尼预计“Vi的拍卖参与仅限于几圈作为Trai-recommended 5 g频谱储备定价(如果接受政府)会僵硬,考虑到电信资产负债表的约束和等待募捐”。
分析人士说,即使Vi能够确保其目标10000卢比从外部投资者资金很快,大部分会提高弱4 g的操作,特别是在电信可能不会发现它经济上可行的投资一项雄心勃勃的5 g推出,给低回报的可能性在最初的2 - 3年。
Jio, Airtel,沃达丰的想法可能调低报价5 g频谱拍卖
专家补充说,Jio和Airtel可能主要目标100单位保险费5 g电波在3.3 -3.67 Ghz乐队以及慷慨的剂量的新毫米(24.25 -28.5 Ghz)。反过来,沃达丰的想法(Vi)被认为是可能解决微小的相同的波段。
他们预计六世选择低调的5 g发挥和使用现金,预计基金从外部投资者重振4 g行动逮捕客户损失和提高ARPU近。这是六世以来,已经输给了Airtel和Jio 4 g的地盘,将面临严峻挑战,获得有意义的收入5 g服务缺乏相关用例和一个设备的生态系统。
可以肯定的是,法国巴黎银行表示,火车的呼吁更容易频谱30多年的付款条件和选择投降新电视广播是Vi阳性,尤其是后者已经有大量未得到充分利用的频谱。
不过,分析师表示,任何保守4 g-focused策略有另一面,它可以刮掉六世的收入和用户在未来几年股票一旦5 g采用上升。
瑞银表示“Bharti的另一个12 - 24个月的机会之窗市场份额从Vi,鉴于其抢先在4 g,这可能进一步巩固了,5 g启动”。
在过去三年中,Vi失去了数以百万计的客户和收入份额每季度Jio和旅馆。这一点,由于其无法充分投资扩大其4 g网络在移动宽带覆盖匹配竞争对手。
上个月,从其promoters-UK Vi筹集了4500卢比的沃达丰股价和印度的Aditya Birla)组。但没有关闭目标10000卢比从外部投资者融资,需要紧急恢复其4 g业务和更有效地竞争Jio和旅馆。六世一直在与大量的私人股本机构如阿波罗全球股票和债券融资。
Reliance Jio<\/a> and Bharti Airtel<\/a> are likely to see rapid revenue and subscriber market share gains at Vodafone Idea<\/a>\u2019s cost in the medium term, post the 5G<\/a> spectrum auctions, say analysts. They added that loss-making Vi is likely to be forced to invest its pending capital raise of Rs 10,000 crore in sprucing up mainly its 4G operations to close the network gap with its rivals.
India\u2019s top two telcos, they estimate, could each garner around 150-to-200 basis points (bps) gains over a two-year span after the upcoming 5G airwaves sale, while Vi is likely to cede more ground on this score. A basis point is 0.01%.
The spectrum sale is likely around May-June as the government is pushing for initial 5G roll outs by August 15, India\u2019s Independence Day.
India\u2019s top two telcos, they estimate, could each garner around 150-to-200 basis points (bps) gains over a two-year span after the upcoming 5G airwaves sale, while Vi is likely to cede more ground on this score. A basis point is 0.01%.
The spectrum sale is likely around May-June as the government is pushing for initial 5G roll outs by August 15, India\u2019s Independence Day.
<\/div><\/div>Analysts said Jio<\/a> and Airtel<\/a> have the balance sheet strength to invest top dollars in pan-India 5G airwaves and consolidate their mobile broadband play despite prospect of low returns on 5G spectrum spends in initial years. By contrast, cash-strapped Vi\u2019s participation in the upcoming sale is likely to be muted in absence of a significant fundraise.
\u201cAirtel and Jio should see an acceleration in revenue and subscriber market share gains at Vi\u2019s expense in the medium-term after the 5G auction as both telcos will definitely target pan-India 5G airwaves to invest in this future broadband technology, which financially-weaker Vi won\u2019t be able to match,\u201d Nitin Soni, senior director (corporates) at global ratings agency Fitch, told ET.
CLSA backed the view, saying \u201cJio and Bharti will lead the 5G auction as both claim their network infrastructure is 5G-ready\u201d.
Latest data collated by the regulator for the December quarter pegged Airtel, Jio and Vi\u2019s RMS at 35.4%, 40.6% and 18.4% respectively.
Soni expects \u201cVi\u2019s auction participation to be limited to a few circles as the Trai-recommended 5G spectrum reserve pricing (if accepted by the government) would prove stiff, given the telco\u2019s balance sheet constraints and pending fundraise\u201d.
\u201cAirtel and Jio should see an acceleration in revenue and subscriber market share gains at Vi\u2019s expense in the medium-term after the 5G auction as both telcos will definitely target pan-India 5G airwaves to invest in this future broadband technology, which financially-weaker Vi won\u2019t be able to match,\u201d Nitin Soni, senior director (corporates) at global ratings agency Fitch, told ET.
CLSA backed the view, saying \u201cJio and Bharti will lead the 5G auction as both claim their network infrastructure is 5G-ready\u201d.
Latest data collated by the regulator for the December quarter pegged Airtel, Jio and Vi\u2019s RMS at 35.4%, 40.6% and 18.4% respectively.
Soni expects \u201cVi\u2019s auction participation to be limited to a few circles as the Trai-recommended 5G spectrum reserve pricing (if accepted by the government) would prove stiff, given the telco\u2019s balance sheet constraints and pending fundraise\u201d.
<\/div><\/div>Trai has recommended slashing the reserve price of 3.3-3.67 Ghz airwaves\u2014the key 5G band\u2014by nearly 36% to Rs 317 crore a unit and set the base rate of new mmWave bands (24.25-28.5 Ghz)\u2014ideal for 5G backhaul needs\u2014at Rs 6.99 crore per unit. But industry<\/a> executives and analysts say the prices are still too high.
Analysts say even if Vi manages to secure its targeted Rs 10,000 crore funding from external investors soon, bulk of it would go to boost its weak 4G operation, especially as the telco may not find it financially viable to invest in an ambitious 5G roll out, given the likelihood of low returns in the initial 2-3 years.
Analysts say even if Vi manages to secure its targeted Rs 10,000 crore funding from external investors soon, bulk of it would go to boost its weak 4G operation, especially as the telco may not find it financially viable to invest in an ambitious 5G roll out, given the likelihood of low returns in the initial 2-3 years.
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