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Indus Towers: In the immediate term, Vi’s FPO is slated to be followed by a Rs 25,000-crore debt issue, helping the telco achieve its targeted Rs 45,000 crore fundraise, aimed at bolstering competition against bigger and more profitable rivals Reliance Jio and Bharti Airtel, and regaining financial health.
AT&T: The telecom giant has been leaning on its 5G rollouts and plans that are usually cheaper than rivals such as Verizon to appeal to more budget-conscious consumers and drive growth in the competitive U.S. market.
India Mobile Market: Sanford C. Bernstein estimates Jio and Airtel’s RMS to grow to 44% and 39% respectively by end-FY24 from 41.7% and 36.5% reported in the March quarter, FY23, on the back of robust mobile broadband user adds and strong postpaid play.
Reliance Jio: Last month, Reliance Industries launched Jio Bharat, priced at Rs 999, in a bid to attract more of the 250-million entry-level mobile broadband customers, especially in rural markets that are likely to see intense competition with rival Bharti Airtel also eyeing the same turf.
Mobile Tariff Hikes: Jio in its results mentioned that it is ahead of its plan of achieving complete pan-India 5G rollouts by December this year.