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Airtel, Voda Concept Q1 most likely dragged by Covid recharge blues; lower debt, user contributes to assist Jio

Byindianadmin

Jul 6, 2020 #economic, #lower
Airtel, Voda Concept Q1 most likely dragged by Covid recharge blues; lower debt, user contributes to assist Jio

Kolkata: In the first post-Covid19 approximates, Bharti Airtel and Vodafone Concept (VIL) are likely to report sequential falls in mobile revenue and operating income in the April-June duration as much of their feature phone users could not charge throughout the pandemic-induced lockdowns, analysts said.

Market leader Reliance Jio though, they said, would stave off Covid19 blues and report greater income, operating income in addition to strong earnings development in the three-month period, helped by the postponed impact of tariff hikes taken last December, good consumer adds and aggressive debt restructuring.

But both of India’s older telcos are most likely to gain on the margins front, courtesy lower sales & marketing expenses and lower pay

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