![\"<p>In](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
“RIL management is unlikely to take a knee-jerk reaction of raising tariffs just because it spent more in auctions; while in the medium-term RIL is keen to raise tariffs, we believe in the near term, RIL focus could be gaining subs especially on 2G. Both RIL and Bharti, in our view, will focus on improving their market share in the near term given their stronger balance sheets as compared to VIL,” BoFa Securities said in a note on Wednesday.
Analysts at Axis Capital said that the cash outgo will be keenly watched given the high debt level of the incumbents and continued delay in tariff hike. “This could lead to funding gap concern for Vodafone Idea given continued delay in raising funds, high debt level, and renewed pricing aggression in some segments.”
RIL Chairman Mukesh Ambani, in a statement, said the Jio’s spectrum purchase will allow it to enhance the experience for the “next 300mn subscribers”, indicating that the telco will remain focused on subscriber additions over tariff increases.
Credit Suisse<\/a>, in a note, said that Jio is likely to focus on reviving subscriber growth in near term, but over medium term it will have to take price hikes to support network investments and upcoming 5G roll out.
Read also<\/h4><\/a><\/figure>Jio spectrum debt burden 10% higher than Airtel at $8.6 billion; 5G rollout key focus area: Analysts<\/a><\/h5><\/div><\/a><\/figure>700 MHz band can be sold in next auction, will refer back to Trai for pricing relook: Telecom secy<\/a><\/h5><\/div><\/div><\/div>
“We prefer Airtel as our top pick in the sector as beneficiary of either outcome of price hike in the near term or from continued market share gains from VIL in case of delay in price hike,” analysts at Credit Suisse said.
However, the delay in tariff hike will continue to restrict value creation in Bharti Airtel despite strong execution, Emkay said in a note.
“We maintain our view that tariff increases over FY21-23 are likely going to be substantial, driving large earnings increases for RIL,” J.P Morgan said.
Goldman Sachs<\/a> said that while higher-than-expected participation from telcos in the March ‘20 auction increases the probability of a tariff hike to offset increase in leverage, “we note that near-term liquidity for telcos (except Vodafone Idea) remains comfortable”.
“With spectrum auction<\/a> done, we believe investor focus will now shift to Vodafone Idea’s balance sheet and its potential capital raise, signals of tariff hike, launch of a Jio-Google smartphone, and 5G spectrum auction,” analysts at Goldman Sachs added.
<\/body>","next_sibling":[{"msid":81308433,"title":"Samsung considering four sites in U.S. for $17 billion chip plant: Documents","entity_type":"ARTICLE","link":"\/news\/samsung-considering-four-sites-in-u-s-for-17-billion-chip-plant-documents\/81308433","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"70292061","title":"Here is all the buzz about India's 5G spectrum auction","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/here-is-all-the-buzz-about-indias-5g-spectrum-auction","category_name":"Slide-Shows","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-495375\/70292061.cms?width=150&height=112","link":"\/slide-shows\/here-is-all-the-buzz-about-indias-5g-spectrum-auction\/70292061"}],"msid":81308551,"entity_type":"ARTICLE","title":"Jio, Airtel will have to hike tariffs to support high network investment, 5G rollout in medium-term: Analysts","synopsis":"However, they are unlikely to hike tariffs to offset the higher spectrum investment in the near-term, analysts said. They added that the initiative for tariff hike is expected to come from Vodafone Idea as it is the most in need of it.","titleseo":"telecomnews\/jio-airtel-will-have-to-hike-tariffs-to-support-high-network-investment-5g-rollout-in-medium-term-analysts","status":"ACTIVE","authors":[{"author_name":"Danish Khan","author_link":"\/author\/479206691\/danish-khan","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479206691.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479206691,"author_name":"Danish Khan","author_seo_name":"danish-khan","designation":"Senior Assistant Editor","agency":false}}],"analytics":{"comments":0,"views":6275,"shares":0,"engagementtimems":19029000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-03-03 13:58:08","lastupd":"2021-03-03 13:59:11","breadcrumbTags":["5G rollout","Jio","Airtel","5G","Goldman Sachs","5G network","Vodafone Idea","Credit Suisse","Industry","spectrum auction"],"secinfo":{"seolocation":"telecomnews\/jio-airtel-will-have-to-hike-tariffs-to-support-high-network-investment-5g-rollout-in-medium-term-analysts"}}" data-authors="[" danish khan"]" data-category-name="" data-category_id="" data-date="2021-03-03" data-index="article_1">
- Telecom乐动扑克News
- 2分钟阅读
Jio, Airtel将不得不提高关税来支持高网络投资,5 g在中期推出:分析师
然而,他们不太可能提高关税以抵消频谱在近期投资越高,分析师表示。他们补充说,关税提高的计划预计将来自沃达丰的主意,因为它是最需要它。
过去,电信设备往往来自于少数主要参与者,如诺基亚、爱立信和华为技术有限公司,提供从软件运行网络设备无线电塔,以及定制的芯片内部的齿轮。
新德里:依赖Jio和Bharti附近的旅馆必须采取支持网络投资和价格上涨5克在中期推出。然而,他们不太可能提高关税以抵消频谱在近期投资越高,分析师表示。他们补充说,关税提高的计划预计将来自沃达丰的想法因为它是最需要它。
“瑞来斯管理不太可能采取提高关税的下意识的反应,只是因为它花费更多的拍卖;而在中期瑞来斯渴望提高关税,我们相信在短期内,瑞来斯可以获得潜艇特别关注2 g。瑞来斯和Bharti,在我们看来,将重点放在改善他们的市场份额在短期内考虑到他们强大的资产负债表比维尔,"美银证券周三在一份报告中称。
Axis Capital的分析师说,现金支出将备受关注的高债务水平的在职者,继续延迟关税上调。“这可能会导致资金缺口对沃达丰的想法继续推迟筹集资金,债务水平高,在某些领域和重新定价侵略。”
瑞来斯董事长穆凯什•安巴尼(Mukesh Ambani)在一份声明中说,Jio频谱的收购将允许它增强体验“下一个300 mn用户”,表明电信仍将专注于用户添加提高关税。
瑞士信贷(Credit Suisse)在一份报告中表示,Jio可能会专注于恢复用户增长在短期内,但在中期内将必须采取价格上涨,支持网络投资和即将到来的5 g推出。
“我们喜欢Airtel行业首选的受益人在短期内涨价的结果或持续的市场份额从维尔在延迟涨价的情况下,”瑞士信贷(Credit Suisse)的分析师说。
然而,延迟关税上调将继续限制价值创造在Bharti Airtel尽管强有力的执行,假如在一份报告中称。
“我们维护我们的观点,提高关税FY21-23很可能将是实质性的,瑞来斯驾驶大的收益增加,”J。P摩根说。
高盛(Goldman Sachs)说,虽然高于预期的参与从电信公司在3月20日拍卖增加的概率提高关税以抵消增加杠杆,“我们注意到,近期流动性电信公司(沃达丰想法除外)仍是舒适”。
”频谱拍卖完成,现在我们相信投资者的焦点将转移到沃达丰的资产负债表和其潜在的筹资,关税提高的信号,发射Jio-Google智能手机,和5 g频谱拍卖,”高盛(Goldman Sachs)的分析师说。
In the past, telecommunications gear tended to come from a handful of major players such as Nokia, Ericsson and Huawei Technologies Ltd, who supplied everything from software to run the networks to gear for radio towers, along with custom chips inside the gear.<\/span><\/figcaption><\/figure>NEW DELHI: Reliance Jio<\/a> and Bharti Airtel<\/a> will have to take price hikes to support network investments and 5G<\/a> roll out in the medium-term. However, they are unlikely to hike tariffs to offset the higher spectrum investment in the near-term, analysts said. They added that the initiative for tariff hike is expected to come from Vodafone Idea<\/a> as it is the most in need of it.
“RIL management is unlikely to take a knee-jerk reaction of raising tariffs just because it spent more in auctions; while in the medium-term RIL is keen to raise tariffs, we believe in the near term, RIL focus could be gaining subs especially on 2G. Both RIL and Bharti, in our view, will focus on improving their market share in the near term given their stronger balance sheets as compared to VIL,” BoFa Securities said in a note on Wednesday.
Analysts at Axis Capital said that the cash outgo will be keenly watched given the high debt level of the incumbents and continued delay in tariff hike. “This could lead to funding gap concern for Vodafone Idea given continued delay in raising funds, high debt level, and renewed pricing aggression in some segments.”
RIL Chairman Mukesh Ambani, in a statement, said the Jio’s spectrum purchase will allow it to enhance the experience for the “next 300mn subscribers”, indicating that the telco will remain focused on subscriber additions over tariff increases.
Credit Suisse<\/a>, in a note, said that Jio is likely to focus on reviving subscriber growth in near term, but over medium term it will have to take price hikes to support network investments and upcoming 5G roll out.
Read also<\/h4><\/a><\/figure>Jio spectrum debt burden 10% higher than Airtel at $8.6 billion; 5G rollout key focus area: Analysts<\/a><\/h5><\/div><\/a><\/figure>700 MHz band can be sold in next auction, will refer back to Trai for pricing relook: Telecom secy<\/a><\/h5><\/div><\/div><\/div>
“We prefer Airtel as our top pick in the sector as beneficiary of either outcome of price hike in the near term or from continued market share gains from VIL in case of delay in price hike,” analysts at Credit Suisse said.
However, the delay in tariff hike will continue to restrict value creation in Bharti Airtel despite strong execution, Emkay said in a note.
“We maintain our view that tariff increases over FY21-23 are likely going to be substantial, driving large earnings increases for RIL,” J.P Morgan said.
Goldman Sachs<\/a> said that while higher-than-expected participation from telcos in the March ‘20 auction increases the probability of a tariff hike to offset increase in leverage, “we note that near-term liquidity for telcos (except Vodafone Idea) remains comfortable”.
“With spectrum auction<\/a> done, we believe investor focus will now shift to Vodafone Idea’s balance sheet and its potential capital raise, signals of tariff hike, launch of a Jio-Google smartphone, and 5G spectrum auction,” analysts at Goldman Sachs added.
<\/body>","next_sibling":[{"msid":81308433,"title":"Samsung considering four sites in U.S. for $17 billion chip plant: Documents","entity_type":"ARTICLE","link":"\/news\/samsung-considering-four-sites-in-u-s-for-17-billion-chip-plant-documents\/81308433","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"70292061","title":"Here is all the buzz about India's 5G spectrum auction","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/here-is-all-the-buzz-about-indias-5g-spectrum-auction","category_name":"Slide-Shows","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-495375\/70292061.cms?width=150&height=112","link":"\/slide-shows\/here-is-all-the-buzz-about-indias-5g-spectrum-auction\/70292061"}],"msid":81308551,"entity_type":"ARTICLE","title":"Jio, Airtel will have to hike tariffs to support high network investment, 5G rollout in medium-term: Analysts","synopsis":"However, they are unlikely to hike tariffs to offset the higher spectrum investment in the near-term, analysts said. They added that the initiative for tariff hike is expected to come from Vodafone Idea as it is the most in need of it.","titleseo":"telecomnews\/jio-airtel-will-have-to-hike-tariffs-to-support-high-network-investment-5g-rollout-in-medium-term-analysts","status":"ACTIVE","authors":[{"author_name":"Danish Khan","author_link":"\/author\/479206691\/danish-khan","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479206691.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479206691,"author_name":"Danish Khan","author_seo_name":"danish-khan","designation":"Senior Assistant Editor","agency":false}}],"analytics":{"comments":0,"views":6275,"shares":0,"engagementtimems":19029000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-03-03 13:58:08","lastupd":"2021-03-03 13:59:11","breadcrumbTags":["5G rollout","Jio","Airtel","5G","Goldman Sachs","5G network","Vodafone Idea","Credit Suisse","Industry","spectrum auction"],"secinfo":{"seolocation":"telecomnews\/jio-airtel-will-have-to-hike-tariffs-to-support-high-network-investment-5g-rollout-in-medium-term-analysts"}}" data-news_link="//www.iser-br.com/news/jio-airtel-will-have-to-hike-tariffs-to-support-high-network-investment-5g-rollout-in-medium-term-analysts/81308551">
<\/a><\/figure>Jio spectrum debt burden 10% higher than Airtel at $8.6 billion; 5G rollout key focus area: Analysts<\/a><\/h5><\/div><\/a><\/figure>700 MHz band can be sold in next auction, will refer back to Trai for pricing relook: Telecom secy<\/a><\/h5><\/div><\/div><\/div>
“We prefer Airtel as our top pick in the sector as beneficiary of either outcome of price hike in the near term or from continued market share gains from VIL in case of delay in price hike,” analysts at Credit Suisse said.
However, the delay in tariff hike will continue to restrict value creation in Bharti Airtel despite strong execution, Emkay said in a note.
“We maintain our view that tariff increases over FY21-23 are likely going to be substantial, driving large earnings increases for RIL,” J.P Morgan said.
Goldman Sachs<\/a> said that while higher-than-expected participation from telcos in the March ‘20 auction increases the probability of a tariff hike to offset increase in leverage, “we note that near-term liquidity for telcos (except Vodafone Idea) remains comfortable”.
“With spectrum auction<\/a> done, we believe investor focus will now shift to Vodafone Idea’s balance sheet and its potential capital raise, signals of tariff hike, launch of a Jio-Google smartphone, and 5G spectrum auction,” analysts at Goldman Sachs added.
<\/body>","next_sibling":[{"msid":81308433,"title":"Samsung considering four sites in U.S. for $17 billion chip plant: Documents","entity_type":"ARTICLE","link":"\/news\/samsung-considering-four-sites-in-u-s-for-17-billion-chip-plant-documents\/81308433","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"70292061","title":"Here is all the buzz about India's 5G spectrum auction","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/here-is-all-the-buzz-about-indias-5g-spectrum-auction","category_name":"Slide-Shows","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-495375\/70292061.cms?width=150&height=112","link":"\/slide-shows\/here-is-all-the-buzz-about-indias-5g-spectrum-auction\/70292061"}],"msid":81308551,"entity_type":"ARTICLE","title":"Jio, Airtel will have to hike tariffs to support high network investment, 5G rollout in medium-term: Analysts","synopsis":"However, they are unlikely to hike tariffs to offset the higher spectrum investment in the near-term, analysts said. They added that the initiative for tariff hike is expected to come from Vodafone Idea as it is the most in need of it.","titleseo":"telecomnews\/jio-airtel-will-have-to-hike-tariffs-to-support-high-network-investment-5g-rollout-in-medium-term-analysts","status":"ACTIVE","authors":[{"author_name":"Danish Khan","author_link":"\/author\/479206691\/danish-khan","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479206691.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479206691,"author_name":"Danish Khan","author_seo_name":"danish-khan","designation":"Senior Assistant Editor","agency":false}}],"analytics":{"comments":0,"views":6275,"shares":0,"engagementtimems":19029000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-03-03 13:58:08","lastupd":"2021-03-03 13:59:11","breadcrumbTags":["5G rollout","Jio","Airtel","5G","Goldman Sachs","5G network","Vodafone Idea","Credit Suisse","Industry","spectrum auction"],"secinfo":{"seolocation":"telecomnews\/jio-airtel-will-have-to-hike-tariffs-to-support-high-network-investment-5g-rollout-in-medium-term-analysts"}}" data-authors="[" danish khan"]" data-category-name="" data-category_id="" data-date="2021-03-03" data-index="article_1">
- Telecom乐动扑克News
- 2分钟阅读
Jio, Airtel将不得不提高关税来支持高网络投资,5 g在中期推出:分析师
然而,他们不太可能提高关税以抵消频谱在近期投资越高,分析师表示。他们补充说,关税提高的计划预计将来自沃达丰的主意,因为它是最需要它。
过去,电信设备往往来自于少数主要参与者,如诺基亚、爱立信和华为技术有限公司,提供从软件运行网络设备无线电塔,以及定制的芯片内部的齿轮。
新德里:依赖Jio和Bharti附近的旅馆必须采取支持网络投资和价格上涨5克在中期推出。然而,他们不太可能提高关税以抵消频谱在近期投资越高,分析师表示。他们补充说,关税提高的计划预计将来自沃达丰的想法因为它是最需要它。
“瑞来斯管理不太可能采取提高关税的下意识的反应,只是因为它花费更多的拍卖;而在中期瑞来斯渴望提高关税,我们相信在短期内,瑞来斯可以获得潜艇特别关注2 g。瑞来斯和Bharti,在我们看来,将重点放在改善他们的市场份额在短期内考虑到他们强大的资产负债表比维尔,"美银证券周三在一份报告中称。
Axis Capital的分析师说,现金支出将备受关注的高债务水平的在职者,继续延迟关税上调。“这可能会导致资金缺口对沃达丰的想法继续推迟筹集资金,债务水平高,在某些领域和重新定价侵略。”
瑞来斯董事长穆凯什•安巴尼(Mukesh Ambani)在一份声明中说,Jio频谱的收购将允许它增强体验“下一个300 mn用户”,表明电信仍将专注于用户添加提高关税。
瑞士信贷(Credit Suisse)在一份报告中表示,Jio可能会专注于恢复用户增长在短期内,但在中期内将必须采取价格上涨,支持网络投资和即将到来的5 g推出。
“我们喜欢Airtel行业首选的受益人在短期内涨价的结果或持续的市场份额从维尔在延迟涨价的情况下,”瑞士信贷(Credit Suisse)的分析师说。
然而,延迟关税上调将继续限制价值创造在Bharti Airtel尽管强有力的执行,假如在一份报告中称。
“我们维护我们的观点,提高关税FY21-23很可能将是实质性的,瑞来斯驾驶大的收益增加,”J。P摩根说。
高盛(Goldman Sachs)说,虽然高于预期的参与从电信公司在3月20日拍卖增加的概率提高关税以抵消增加杠杆,“我们注意到,近期流动性电信公司(沃达丰想法除外)仍是舒适”。
”频谱拍卖完成,现在我们相信投资者的焦点将转移到沃达丰的资产负债表和其潜在的筹资,关税提高的信号,发射Jio-Google智能手机,和5 g频谱拍卖,”高盛(Goldman Sachs)的分析师说。
In the past, telecommunications gear tended to come from a handful of major players such as Nokia, Ericsson and Huawei Technologies Ltd, who supplied everything from software to run the networks to gear for radio towers, along with custom chips inside the gear.<\/span><\/figcaption><\/figure>NEW DELHI: Reliance Jio<\/a> and Bharti Airtel<\/a> will have to take price hikes to support network investments and 5G<\/a> roll out in the medium-term. However, they are unlikely to hike tariffs to offset the higher spectrum investment in the near-term, analysts said. They added that the initiative for tariff hike is expected to come from Vodafone Idea<\/a> as it is the most in need of it.
“RIL management is unlikely to take a knee-jerk reaction of raising tariffs just because it spent more in auctions; while in the medium-term RIL is keen to raise tariffs, we believe in the near term, RIL focus could be gaining subs especially on 2G. Both RIL and Bharti, in our view, will focus on improving their market share in the near term given their stronger balance sheets as compared to VIL,” BoFa Securities said in a note on Wednesday.
Analysts at Axis Capital said that the cash outgo will be keenly watched given the high debt level of the incumbents and continued delay in tariff hike. “This could lead to funding gap concern for Vodafone Idea given continued delay in raising funds, high debt level, and renewed pricing aggression in some segments.”
RIL Chairman Mukesh Ambani, in a statement, said the Jio’s spectrum purchase will allow it to enhance the experience for the “next 300mn subscribers”, indicating that the telco will remain focused on subscriber additions over tariff increases.
Credit Suisse<\/a>, in a note, said that Jio is likely to focus on reviving subscriber growth in near term, but over medium term it will have to take price hikes to support network investments and upcoming 5G roll out.
Read also<\/h4><\/a><\/figure>Jio spectrum debt burden 10% higher than Airtel at $8.6 billion; 5G rollout key focus area: Analysts<\/a><\/h5><\/div><\/a><\/figure>700 MHz band can be sold in next auction, will refer back to Trai for pricing relook: Telecom secy<\/a><\/h5><\/div><\/div><\/div>
“We prefer Airtel as our top pick in the sector as beneficiary of either outcome of price hike in the near term or from continued market share gains from VIL in case of delay in price hike,” analysts at Credit Suisse said.
However, the delay in tariff hike will continue to restrict value creation in Bharti Airtel despite strong execution, Emkay said in a note.
“We maintain our view that tariff increases over FY21-23 are likely going to be substantial, driving large earnings increases for RIL,” J.P Morgan said.
Goldman Sachs<\/a> said that while higher-than-expected participation from telcos in the March ‘20 auction increases the probability of a tariff hike to offset increase in leverage, “we note that near-term liquidity for telcos (except Vodafone Idea) remains comfortable”.
“With spectrum auction<\/a> done, we believe investor focus will now shift to Vodafone Idea’s balance sheet and its potential capital raise, signals of tariff hike, launch of a Jio-Google smartphone, and 5G spectrum auction,” analysts at Goldman Sachs added.
<\/body>","next_sibling":[{"msid":81308433,"title":"Samsung considering four sites in U.S. for $17 billion chip plant: Documents","entity_type":"ARTICLE","link":"\/news\/samsung-considering-four-sites-in-u-s-for-17-billion-chip-plant-documents\/81308433","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"70292061","title":"Here is all the buzz about India's 5G spectrum auction","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/here-is-all-the-buzz-about-indias-5g-spectrum-auction","category_name":"Slide-Shows","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-495375\/70292061.cms?width=150&height=112","link":"\/slide-shows\/here-is-all-the-buzz-about-indias-5g-spectrum-auction\/70292061"}],"msid":81308551,"entity_type":"ARTICLE","title":"Jio, Airtel will have to hike tariffs to support high network investment, 5G rollout in medium-term: Analysts","synopsis":"However, they are unlikely to hike tariffs to offset the higher spectrum investment in the near-term, analysts said. They added that the initiative for tariff hike is expected to come from Vodafone Idea as it is the most in need of it.","titleseo":"telecomnews\/jio-airtel-will-have-to-hike-tariffs-to-support-high-network-investment-5g-rollout-in-medium-term-analysts","status":"ACTIVE","authors":[{"author_name":"Danish Khan","author_link":"\/author\/479206691\/danish-khan","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479206691.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479206691,"author_name":"Danish Khan","author_seo_name":"danish-khan","designation":"Senior Assistant Editor","agency":false}}],"analytics":{"comments":0,"views":6275,"shares":0,"engagementtimems":19029000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-03-03 13:58:08","lastupd":"2021-03-03 13:59:11","breadcrumbTags":["5G rollout","Jio","Airtel","5G","Goldman Sachs","5G network","Vodafone Idea","Credit Suisse","Industry","spectrum auction"],"secinfo":{"seolocation":"telecomnews\/jio-airtel-will-have-to-hike-tariffs-to-support-high-network-investment-5g-rollout-in-medium-term-analysts"}}" data-news_link="//www.iser-br.com/news/jio-airtel-will-have-to-hike-tariffs-to-support-high-network-investment-5g-rollout-in-medium-term-analysts/81308551">
<\/a><\/figure>700 MHz band can be sold in next auction, will refer back to Trai for pricing relook: Telecom secy<\/a><\/h5><\/div><\/div><\/div>
“We prefer Airtel as our top pick in the sector as beneficiary of either outcome of price hike in the near term or from continued market share gains from VIL in case of delay in price hike,” analysts at Credit Suisse said.
However, the delay in tariff hike will continue to restrict value creation in Bharti Airtel despite strong execution, Emkay said in a note.
“We maintain our view that tariff increases over FY21-23 are likely going to be substantial, driving large earnings increases for RIL,” J.P Morgan said.
Goldman Sachs<\/a> said that while higher-than-expected participation from telcos in the March ‘20 auction increases the probability of a tariff hike to offset increase in leverage, “we note that near-term liquidity for telcos (except Vodafone Idea) remains comfortable”.
“With spectrum auction<\/a> done, we believe investor focus will now shift to Vodafone Idea’s balance sheet and its potential capital raise, signals of tariff hike, launch of a Jio-Google smartphone, and 5G spectrum auction,” analysts at Goldman Sachs added.
<\/body>","next_sibling":[{"msid":81308433,"title":"Samsung considering four sites in U.S. for $17 billion chip plant: Documents","entity_type":"ARTICLE","link":"\/news\/samsung-considering-four-sites-in-u-s-for-17-billion-chip-plant-documents\/81308433","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"70292061","title":"Here is all the buzz about India's 5G spectrum auction","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/here-is-all-the-buzz-about-indias-5g-spectrum-auction","category_name":"Slide-Shows","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-495375\/70292061.cms?width=150&height=112","link":"\/slide-shows\/here-is-all-the-buzz-about-indias-5g-spectrum-auction\/70292061"}],"msid":81308551,"entity_type":"ARTICLE","title":"Jio, Airtel will have to hike tariffs to support high network investment, 5G rollout in medium-term: Analysts","synopsis":"However, they are unlikely to hike tariffs to offset the higher spectrum investment in the near-term, analysts said. They added that the initiative for tariff hike is expected to come from Vodafone Idea as it is the most in need of it.","titleseo":"telecomnews\/jio-airtel-will-have-to-hike-tariffs-to-support-high-network-investment-5g-rollout-in-medium-term-analysts","status":"ACTIVE","authors":[{"author_name":"Danish Khan","author_link":"\/author\/479206691\/danish-khan","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479206691.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479206691,"author_name":"Danish Khan","author_seo_name":"danish-khan","designation":"Senior Assistant Editor","agency":false}}],"analytics":{"comments":0,"views":6275,"shares":0,"engagementtimems":19029000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-03-03 13:58:08","lastupd":"2021-03-03 13:59:11","breadcrumbTags":["5G rollout","Jio","Airtel","5G","Goldman Sachs","5G network","Vodafone Idea","Credit Suisse","Industry","spectrum auction"],"secinfo":{"seolocation":"telecomnews\/jio-airtel-will-have-to-hike-tariffs-to-support-high-network-investment-5g-rollout-in-medium-term-analysts"}}" data-authors="[" danish khan"]" data-category-name="" data-category_id="" data-date="2021-03-03" data-index="article_1">
- Telecom乐动扑克News
- 2分钟阅读
Jio, Airtel将不得不提高关税来支持高网络投资,5 g在中期推出:分析师
然而,他们不太可能提高关税以抵消频谱在近期投资越高,分析师表示。他们补充说,关税提高的计划预计将来自沃达丰的主意,因为它是最需要它。
过去,电信设备往往来自于少数主要参与者,如诺基亚、爱立信和华为技术有限公司,提供从软件运行网络设备无线电塔,以及定制的芯片内部的齿轮。
新德里:依赖Jio和Bharti附近的旅馆必须采取支持网络投资和价格上涨5克在中期推出。然而,他们不太可能提高关税以抵消频谱在近期投资越高,分析师表示。他们补充说,关税提高的计划预计将来自沃达丰的想法因为它是最需要它。
“瑞来斯管理不太可能采取提高关税的下意识的反应,只是因为它花费更多的拍卖;而在中期瑞来斯渴望提高关税,我们相信在短期内,瑞来斯可以获得潜艇特别关注2 g。瑞来斯和Bharti,在我们看来,将重点放在改善他们的市场份额在短期内考虑到他们强大的资产负债表比维尔,"美银证券周三在一份报告中称。
Axis Capital的分析师说,现金支出将备受关注的高债务水平的在职者,继续延迟关税上调。“这可能会导致资金缺口对沃达丰的想法继续推迟筹集资金,债务水平高,在某些领域和重新定价侵略。”
瑞来斯董事长穆凯什•安巴尼(Mukesh Ambani)在一份声明中说,Jio频谱的收购将允许它增强体验“下一个300 mn用户”,表明电信仍将专注于用户添加提高关税。
瑞士信贷(Credit Suisse)在一份报告中表示,Jio可能会专注于恢复用户增长在短期内,但在中期内将必须采取价格上涨,支持网络投资和即将到来的5 g推出。
“我们喜欢Airtel行业首选的受益人在短期内涨价的结果或持续的市场份额从维尔在延迟涨价的情况下,”瑞士信贷(Credit Suisse)的分析师说。
然而,延迟关税上调将继续限制价值创造在Bharti Airtel尽管强有力的执行,假如在一份报告中称。
“我们维护我们的观点,提高关税FY21-23很可能将是实质性的,瑞来斯驾驶大的收益增加,”J。P摩根说。
高盛(Goldman Sachs)说,虽然高于预期的参与从电信公司在3月20日拍卖增加的概率提高关税以抵消增加杠杆,“我们注意到,近期流动性电信公司(沃达丰想法除外)仍是舒适”。
”频谱拍卖完成,现在我们相信投资者的焦点将转移到沃达丰的资产负债表和其潜在的筹资,关税提高的信号,发射Jio-Google智能手机,和5 g频谱拍卖,”高盛(Goldman Sachs)的分析师说。
In the past, telecommunications gear tended to come from a handful of major players such as Nokia, Ericsson and Huawei Technologies Ltd, who supplied everything from software to run the networks to gear for radio towers, along with custom chips inside the gear.<\/span><\/figcaption><\/figure>NEW DELHI: Reliance Jio<\/a> and Bharti Airtel<\/a> will have to take price hikes to support network investments and 5G<\/a> roll out in the medium-term. However, they are unlikely to hike tariffs to offset the higher spectrum investment in the near-term, analysts said. They added that the initiative for tariff hike is expected to come from Vodafone Idea<\/a> as it is the most in need of it.
“RIL management is unlikely to take a knee-jerk reaction of raising tariffs just because it spent more in auctions; while in the medium-term RIL is keen to raise tariffs, we believe in the near term, RIL focus could be gaining subs especially on 2G. Both RIL and Bharti, in our view, will focus on improving their market share in the near term given their stronger balance sheets as compared to VIL,” BoFa Securities said in a note on Wednesday.
Analysts at Axis Capital said that the cash outgo will be keenly watched given the high debt level of the incumbents and continued delay in tariff hike. “This could lead to funding gap concern for Vodafone Idea given continued delay in raising funds, high debt level, and renewed pricing aggression in some segments.”
RIL Chairman Mukesh Ambani, in a statement, said the Jio’s spectrum purchase will allow it to enhance the experience for the “next 300mn subscribers”, indicating that the telco will remain focused on subscriber additions over tariff increases.
Credit Suisse<\/a>, in a note, said that Jio is likely to focus on reviving subscriber growth in near term, but over medium term it will have to take price hikes to support network investments and upcoming 5G roll out.
Read also<\/h4><\/a><\/figure>Jio spectrum debt burden 10% higher than Airtel at $8.6 billion; 5G rollout key focus area: Analysts<\/a><\/h5><\/div><\/a><\/figure>700 MHz band can be sold in next auction, will refer back to Trai for pricing relook: Telecom secy<\/a><\/h5><\/div><\/div><\/div>
“We prefer Airtel as our top pick in the sector as beneficiary of either outcome of price hike in the near term or from continued market share gains from VIL in case of delay in price hike,” analysts at Credit Suisse said.
However, the delay in tariff hike will continue to restrict value creation in Bharti Airtel despite strong execution, Emkay said in a note.
“We maintain our view that tariff increases over FY21-23 are likely going to be substantial, driving large earnings increases for RIL,” J.P Morgan said.
Goldman Sachs<\/a> said that while higher-than-expected participation from telcos in the March ‘20 auction increases the probability of a tariff hike to offset increase in leverage, “we note that near-term liquidity for telcos (except Vodafone Idea) remains comfortable”.
“With spectrum auction<\/a> done, we believe investor focus will now shift to Vodafone Idea’s balance sheet and its potential capital raise, signals of tariff hike, launch of a Jio-Google smartphone, and 5G spectrum auction,” analysts at Goldman Sachs added.
<\/body>","next_sibling":[{"msid":81308433,"title":"Samsung considering four sites in U.S. for $17 billion chip plant: Documents","entity_type":"ARTICLE","link":"\/news\/samsung-considering-four-sites-in-u-s-for-17-billion-chip-plant-documents\/81308433","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"70292061","title":"Here is all the buzz about India's 5G spectrum auction","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/here-is-all-the-buzz-about-indias-5g-spectrum-auction","category_name":"Slide-Shows","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-495375\/70292061.cms?width=150&height=112","link":"\/slide-shows\/here-is-all-the-buzz-about-indias-5g-spectrum-auction\/70292061"}],"msid":81308551,"entity_type":"ARTICLE","title":"Jio, Airtel will have to hike tariffs to support high network investment, 5G rollout in medium-term: Analysts","synopsis":"However, they are unlikely to hike tariffs to offset the higher spectrum investment in the near-term, analysts said. They added that the initiative for tariff hike is expected to come from Vodafone Idea as it is the most in need of it.","titleseo":"telecomnews\/jio-airtel-will-have-to-hike-tariffs-to-support-high-network-investment-5g-rollout-in-medium-term-analysts","status":"ACTIVE","authors":[{"author_name":"Danish Khan","author_link":"\/author\/479206691\/danish-khan","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479206691.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479206691,"author_name":"Danish Khan","author_seo_name":"danish-khan","designation":"Senior Assistant Editor","agency":false}}],"analytics":{"comments":0,"views":6275,"shares":0,"engagementtimems":19029000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-03-03 13:58:08","lastupd":"2021-03-03 13:59:11","breadcrumbTags":["5G rollout","Jio","Airtel","5G","Goldman Sachs","5G network","Vodafone Idea","Credit Suisse","Industry","spectrum auction"],"secinfo":{"seolocation":"telecomnews\/jio-airtel-will-have-to-hike-tariffs-to-support-high-network-investment-5g-rollout-in-medium-term-analysts"}}" data-news_link="//www.iser-br.com/news/jio-airtel-will-have-to-hike-tariffs-to-support-high-network-investment-5g-rollout-in-medium-term-analysts/81308551">
- Telecom乐动扑克News
- 2分钟阅读
Jio, Airtel将不得不提高关税来支持高网络投资,5 g在中期推出:分析师
然而,他们不太可能提高关税以抵消频谱在近期投资越高,分析师表示。他们补充说,关税提高的计划预计将来自沃达丰的主意,因为它是最需要它。
读到
“瑞来斯管理不太可能采取提高关税的下意识的反应,只是因为它花费更多的拍卖;而在中期瑞来斯渴望提高关税,我们相信在短期内,瑞来斯可以获得潜艇特别关注2 g。瑞来斯和Bharti,在我们看来,将重点放在改善他们的市场份额在短期内考虑到他们强大的资产负债表比维尔,"美银证券周三在一份报告中称。
Axis Capital的分析师说,现金支出将备受关注的高债务水平的在职者,继续延迟关税上调。“这可能会导致资金缺口对沃达丰的想法继续推迟筹集资金,债务水平高,在某些领域和重新定价侵略。”
瑞来斯董事长穆凯什•安巴尼(Mukesh Ambani)在一份声明中说,Jio频谱的收购将允许它增强体验“下一个300 mn用户”,表明电信仍将专注于用户添加提高关税。
瑞士信贷(Credit Suisse)在一份报告中表示,Jio可能会专注于恢复用户增长在短期内,但在中期内将必须采取价格上涨,支持网络投资和即将到来的5 g推出。
“我们喜欢Airtel行业首选的受益人在短期内涨价的结果或持续的市场份额从维尔在延迟涨价的情况下,”瑞士信贷(Credit Suisse)的分析师说。
然而,延迟关税上调将继续限制价值创造在Bharti Airtel尽管强有力的执行,假如在一份报告中称。
“我们维护我们的观点,提高关税FY21-23很可能将是实质性的,瑞来斯驾驶大的收益增加,”J。P摩根说。
高盛(Goldman Sachs)说,虽然高于预期的参与从电信公司在3月20日拍卖增加的概率提高关税以抵消增加杠杆,“我们注意到,近期流动性电信公司(沃达丰想法除外)仍是舒适”。
”频谱拍卖完成,现在我们相信投资者的焦点将转移到沃达丰的资产负债表和其潜在的筹资,关税提高的信号,发射Jio-Google智能手机,和5 g频谱拍卖,”高盛(Goldman Sachs)的分析师说。
“RIL management is unlikely to take a knee-jerk reaction of raising tariffs just because it spent more in auctions; while in the medium-term RIL is keen to raise tariffs, we believe in the near term, RIL focus could be gaining subs especially on 2G. Both RIL and Bharti, in our view, will focus on improving their market share in the near term given their stronger balance sheets as compared to VIL,” BoFa Securities said in a note on Wednesday.
Analysts at Axis Capital said that the cash outgo will be keenly watched given the high debt level of the incumbents and continued delay in tariff hike. “This could lead to funding gap concern for Vodafone Idea given continued delay in raising funds, high debt level, and renewed pricing aggression in some segments.”
RIL Chairman Mukesh Ambani, in a statement, said the Jio’s spectrum purchase will allow it to enhance the experience for the “next 300mn subscribers”, indicating that the telco will remain focused on subscriber additions over tariff increases.
Credit Suisse<\/a>, in a note, said that Jio is likely to focus on reviving subscriber growth in near term, but over medium term it will have to take price hikes to support network investments and upcoming 5G roll out.
Read also<\/h4><\/a><\/figure>Jio spectrum debt burden 10% higher than Airtel at $8.6 billion; 5G rollout key focus area: Analysts<\/a><\/h5><\/div><\/a><\/figure>700 MHz band can be sold in next auction, will refer back to Trai for pricing relook: Telecom secy<\/a><\/h5><\/div><\/div><\/div>
“We prefer Airtel as our top pick in the sector as beneficiary of either outcome of price hike in the near term or from continued market share gains from VIL in case of delay in price hike,” analysts at Credit Suisse said.
However, the delay in tariff hike will continue to restrict value creation in Bharti Airtel despite strong execution, Emkay said in a note.
“We maintain our view that tariff increases over FY21-23 are likely going to be substantial, driving large earnings increases for RIL,” J.P Morgan said.
Goldman Sachs<\/a> said that while higher-than-expected participation from telcos in the March ‘20 auction increases the probability of a tariff hike to offset increase in leverage, “we note that near-term liquidity for telcos (except Vodafone Idea) remains comfortable”.
“With spectrum auction<\/a> done, we believe investor focus will now shift to Vodafone Idea’s balance sheet and its potential capital raise, signals of tariff hike, launch of a Jio-Google smartphone, and 5G spectrum auction,” analysts at Goldman Sachs added.
<\/body>","next_sibling":[{"msid":81308433,"title":"Samsung considering four sites in U.S. for $17 billion chip plant: Documents","entity_type":"ARTICLE","link":"\/news\/samsung-considering-four-sites-in-u-s-for-17-billion-chip-plant-documents\/81308433","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"70292061","title":"Here is all the buzz about India's 5G spectrum auction","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/here-is-all-the-buzz-about-indias-5g-spectrum-auction","category_name":"Slide-Shows","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-495375\/70292061.cms?width=150&height=112","link":"\/slide-shows\/here-is-all-the-buzz-about-indias-5g-spectrum-auction\/70292061"}],"msid":81308551,"entity_type":"ARTICLE","title":"Jio, Airtel will have to hike tariffs to support high network investment, 5G rollout in medium-term: Analysts","synopsis":"However, they are unlikely to hike tariffs to offset the higher spectrum investment in the near-term, analysts said. They added that the initiative for tariff hike is expected to come from Vodafone Idea as it is the most in need of it.","titleseo":"telecomnews\/jio-airtel-will-have-to-hike-tariffs-to-support-high-network-investment-5g-rollout-in-medium-term-analysts","status":"ACTIVE","authors":[{"author_name":"Danish Khan","author_link":"\/author\/479206691\/danish-khan","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479206691.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479206691,"author_name":"Danish Khan","author_seo_name":"danish-khan","designation":"Senior Assistant Editor","agency":false}}],"analytics":{"comments":0,"views":6275,"shares":0,"engagementtimems":19029000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-03-03 13:58:08","lastupd":"2021-03-03 13:59:11","breadcrumbTags":["5G rollout","Jio","Airtel","5G","Goldman Sachs","5G network","Vodafone Idea","Credit Suisse","Industry","spectrum auction"],"secinfo":{"seolocation":"telecomnews\/jio-airtel-will-have-to-hike-tariffs-to-support-high-network-investment-5g-rollout-in-medium-term-analysts"}}" data-news_link="//www.iser-br.com/news/jio-airtel-will-have-to-hike-tariffs-to-support-high-network-investment-5g-rollout-in-medium-term-analysts/81308551">
<\/a><\/figure>Jio spectrum debt burden 10% higher than Airtel at $8.6 billion; 5G rollout key focus area: Analysts<\/a><\/h5><\/div><\/a><\/figure>700 MHz band can be sold in next auction, will refer back to Trai for pricing relook: Telecom secy<\/a><\/h5><\/div><\/div><\/div>
“We prefer Airtel as our top pick in the sector as beneficiary of either outcome of price hike in the near term or from continued market share gains from VIL in case of delay in price hike,” analysts at Credit Suisse said.
However, the delay in tariff hike will continue to restrict value creation in Bharti Airtel despite strong execution, Emkay said in a note.
“We maintain our view that tariff increases over FY21-23 are likely going to be substantial, driving large earnings increases for RIL,” J.P Morgan said.
Goldman Sachs<\/a> said that while higher-than-expected participation from telcos in the March ‘20 auction increases the probability of a tariff hike to offset increase in leverage, “we note that near-term liquidity for telcos (except Vodafone Idea) remains comfortable”.
“With spectrum auction<\/a> done, we believe investor focus will now shift to Vodafone Idea’s balance sheet and its potential capital raise, signals of tariff hike, launch of a Jio-Google smartphone, and 5G spectrum auction,” analysts at Goldman Sachs added.
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<\/a><\/figure>
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