Mumbai: Rating agency Fitch estimates operating incomes of the telecom industry<\/a> to increase by 40% in this fiscal end (FY20-21) compared to 25% in the previous one, backed by strong performance of Reliance Jio<\/a> Infocomm (Jio<\/a>) and Bharti Airtel<\/a>, both of whom will continue to increase market share at the cost of Vodafone Idea<\/a> (Vi). 评级机构惠誉估计电信行业的营业收入增加40%在这个财政(FY20-21)结束前一个的25%相比,支持的强劲表现依赖Jio Infocomm (Jio)和Bharti Airtel,两人将继续增加市场份额为代价的沃达丰(Vi)的想法。 孟买:评级机构惠誉估计电信的营业收入行业在这个财政增长40% (FY20-21)结束前一个的25%相比,支持的强劲表现依赖JioInfocomm (Jio),Bharti Airtel,两人将继续增加市场份额为代价的沃达丰的想法(Vi)。 Mumbai: Rating agency Fitch estimates operating incomes of the telecom industry<\/a> to increase by 40% in this fiscal end (FY20-21) compared to 25% in the previous one, backed by strong performance of Reliance Jio<\/a> Infocomm (Jio<\/a>) and Bharti Airtel<\/a>, both of whom will continue to increase market share at the cost of Vodafone Idea<\/a> (Vi).
The earnings before interest tax depreciation and amortisation (EBITDA) of the two rivals will be further propelled by higher tariffs, shift of customers to 4G and a data usage of 12GB-16GB per user per month as more subscribers work remotely, due to the pandemic.
\"Jio and Bharti will likely increase their combined revenue market share to 80% (December 2020: around 75%), at the expense of third-placed Vodafone Idea, which will lose 50 million-70 million subscribers in the next 12 months,\" said Fitch in a statement on Friday.
These estimates come on the back of recently announced third quarter results which reflect that Jio's revenue and EBITDA grew by 33% and 50%, respectively, year on year (yoy) in the nine months of FY21, while Bharti Airtel<\/a> reported Indian mobile revenue and EBITDA growth of 26% and 48%, respectively, during the same period. Vi is yet to report fiscal third quarter results.
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<\/a><\/figure>Jio Platforms Q3 net profit up 15.5% on quarter; user churn rose due to 'malicious' campaign<\/a><\/h5><\/div>
<\/a><\/figure>Airtel returns to black, post Q3 consolidated profit at Rs 854 crore<\/a><\/h5><\/div><\/div><\/div>
Nitin Soni, senior director Corporate for Fitch, estimates the telecom sector to see a 5-10% growth in its average revenue per user (ARPU) in FY22 as 2G and 3G customers gradually move to pricier 4G price plans.
The markets expect a tariff hike from Vi, whose ARPU - a key performance metric - is 30% lower than Airtel's, and may raise tariffs to improve cash flows. Vi was the first amongst the three private players to raise tariffs in December, 2019.
Fitch expects Airtel will set aside $500 million in FY21 and $1 billion in FY22 towards upfront spectrum investments. This keeping in mind that the telco and Jio and expected to bid for the upcoming spectrum auction for both renewal and acquire spectrum in the sub-1GHz band, which can be used for 5G services.
While Airtel and Jio have now claimed that they have the prowess to launch 5G services, the rating firm does not expect Airtel to launch the next generation services before FY22.
\"Sector capex is likely to remain flat in FY22, barring spectrum payments, as both Bharti and Jio front-loaded investments to expand 4G coverage and capacity and built up fibre networks and in-building coverage,\" said Fitch. \"Bharti could generate small positive free cash flow in FY21, as operating cash generation is likely to rise and will be used to fund flat core capex, excluding one-time spectrum payments and adjusted gross revenue dues\".
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Jio, Airtel可能结合收入市场份额增加至80%:惠誉
息税折旧及摊销前利润(EBITDA)的两个竞争对手将进一步推动通过高关税,客户转移到4 g的数据使用12 gb-16gb每用户每月随着越来越多的用户远程工作,由于大流行。
“Jio和Bharti可能会增加他们的收入市场份额为80%(2020年12月:75%左右),第三的沃达丰的主意,这将失去50个几百万到70用户在未来12个月内,”惠誉周五在一份声明中说。
Nitin索尼公司高级主管,惠誉估计,电信部门看到5 - 10%增长每用户平均收入(ARPU) FY22 2 g和3 g客户逐渐转移到贵4 g的价格计划。
市场预期上调关税从Vi的ARPU(关键绩效指标)比Airtel的低30%,并可能提高关税来改善现金流。六世是第一个在三家私人玩家提高关税去年12月,2019年。
惠誉预计Airtel FY21将拨出5亿美元和10亿美元FY22对前期投资。记住,电信和Jio和预期收购即将到来的更新和获取光谱的频谱拍卖sub-1GHz乐队,可以用于5 g服务。
而Airtel和Jio已经声称,他们有能力发射5 g服务,评级公司并不期望Airtel FY22之前推出下一代服务。
”行业资本支出可能会在FY22持平,除非频谱支付,Bharti和Jio前期的投资来扩大4 g网络覆盖和容量,建立纤维网络和在建的报道,”惠誉说。“Bharti可能在FY21生成小正的自由现金流,随着营运现金代很可能上升,将用于资助平核心资本支出,不包括一次性支付和调整后的总收益费”。
The earnings before interest tax depreciation and amortisation (EBITDA) of the two rivals will be further propelled by higher tariffs, shift of customers to 4G and a data usage of 12GB-16GB per user per month as more subscribers work remotely, due to the pandemic.
\"Jio and Bharti will likely increase their combined revenue market share to 80% (December 2020: around 75%), at the expense of third-placed Vodafone Idea, which will lose 50 million-70 million subscribers in the next 12 months,\" said Fitch in a statement on Friday.
These estimates come on the back of recently announced third quarter results which reflect that Jio's revenue and EBITDA grew by 33% and 50%, respectively, year on year (yoy) in the nine months of FY21, while Bharti Airtel<\/a> reported Indian mobile revenue and EBITDA growth of 26% and 48%, respectively, during the same period. Vi is yet to report fiscal third quarter results.
<\/p>Read also<\/h4>
<\/a><\/figure>Jio Platforms Q3 net profit up 15.5% on quarter; user churn rose due to 'malicious' campaign<\/a><\/h5><\/div>
<\/a><\/figure>Airtel returns to black, post Q3 consolidated profit at Rs 854 crore<\/a><\/h5><\/div><\/div><\/div>
Nitin Soni, senior director Corporate for Fitch, estimates the telecom sector to see a 5-10% growth in its average revenue per user (ARPU) in FY22 as 2G and 3G customers gradually move to pricier 4G price plans.
The markets expect a tariff hike from Vi, whose ARPU - a key performance metric - is 30% lower than Airtel's, and may raise tariffs to improve cash flows. Vi was the first amongst the three private players to raise tariffs in December, 2019.
Fitch expects Airtel will set aside $500 million in FY21 and $1 billion in FY22 towards upfront spectrum investments. This keeping in mind that the telco and Jio and expected to bid for the upcoming spectrum auction for both renewal and acquire spectrum in the sub-1GHz band, which can be used for 5G services.
While Airtel and Jio have now claimed that they have the prowess to launch 5G services, the rating firm does not expect Airtel to launch the next generation services before FY22.
\"Sector capex is likely to remain flat in FY22, barring spectrum payments, as both Bharti and Jio front-loaded investments to expand 4G coverage and capacity and built up fibre networks and in-building coverage,\" said Fitch. \"Bharti could generate small positive free cash flow in FY21, as operating cash generation is likely to rise and will be used to fund flat core capex, excluding one-time spectrum payments and adjusted gross revenue dues\".
<\/body>","next_sibling":[{"msid":80701697,"title":"BookMyShow to roll out homegrown streaming service","entity_type":"ARTICLE","link":"\/news\/bookmyshow-to-roll-out-homegrown-streaming-service\/80701697","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72370179","title":"India's 5G journey: Where does the telecom industry stand?","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/indias-5g-journey-where-does-the-telecom-industry-stand","category_name":"Slide-Shows","synopsis":"ETT brings to you a slideshow on 5G's journey in India so far.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-30049\/72370179.cms?width=150&height=112","link":"\/slide-shows\/indias-5g-journey-where-does-the-telecom-industry-stand\/72370179"}],"msid":80703307,"entity_type":"ARTICLE","title":"Jio, Airtel likely increase combined revenue market share to 80%: Fitch","synopsis":"Rating agency Fitch estimates operating incomes of the telecom industry to increase by 40% in this fiscal end (FY20-21) compared to 25% in the previous one, backed by strong performance of Reliance Jio Infocomm (Jio) and Bharti Airtel, both of whom will continue to increase market share at the cost of Vodafone Idea (Vi).","titleseo":"telecomnews\/jio-bharti-continue-to-grow-on-higher-tariff-more-subscribers-fitch","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":5255,"shares":0,"engagementtimems":14412000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-02-05 12:51:05","lastupd":"2021-02-05 13:13:51","breadcrumbTags":["bharti airtel","Fitch Ratings","Jio","Airtel","Jio Airtel ARPU","Vodafone Idea","Airtel Africa","Industry","international","reliance jio"],"secinfo":{"seolocation":"telecomnews\/jio-bharti-continue-to-grow-on-higher-tariff-more-subscribers-fitch"}}" data-news_link="//www.iser-br.com/news/jio-bharti-continue-to-grow-on-higher-tariff-more-subscribers-fitch/80703307">
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