Top two telcos consolidating market share; Vodafone Idea likely to lose RMS: Report PTI
New Delhi: Top two telecom companies Jio and Bharti Airtel are consolidating market share moving the industry possibly towards a ‘near 2-player structure’, with Vodafone Idea facing the prospects of losing revenue market share (RMS) as it struggles financially, according to a report by IIFL Securities.
The latest note by IIFL Securities also indicated that tariff increase may not be immediate and instead sees a “high likelihood of price hike in 12-18 months”.
“The industry shake-up that ensued post Jio’s entry has resulted in a 3+1 market configuration. In our view, the industry is moving to a near 2-player structure – Jio and Bharti – with Vi (Vodafone Idea) likely to lose RMS as it struggles financially,” it said.