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Indian Telco Industry - Oligopoly to Triology

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Vishal Sharma
Vishal Sharma

Indian Telco Industry - FY 20 Oligopoly to Triology

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14 Indian Telco Industry Voda B2B B2C What I can Pay What I can Sell for Agree on this Price Law of one price is still missing with 4 players, but could be worsen if consolidation is allowed Jio Tata Tele Airtel 5G roll out will be impacted – required for growth of services sector and e-commerce Direct and Indirect Impact on GDP by at least 50 BPS – rise in CAD & unemployment Give rise to another twin balance sheet issue - banks have exposure to debt Brand Modi and India will suffer - political and strategic (foreign) challenges Cant afford to fail this sector, this is the back bone of services sector & digital transformation FY 20 - Oligopoly to Triopoly Declining EBITDA Rising Debt = Spectrum Fees + Revenue Share + Others Source: HT, LiveMint, ET, CNNIBN

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  • 1. 14 Indian Telco Industry Voda B2B B2C What I can Pay What I can Sell for Agree on this Price Law of one price is still missing with 4 players, but could be worsen if consolidation is allowed Jio Tata Tele Airtel 5G roll out will be impacted – required for growth of services sector and e-commerce Direct and Indirect Impact on GDP by at least 50 BPS – rise in CAD & unemployment Give rise to another twin balance sheet issue - banks have exposure to debt Brand Modi and India will suffer - political and strategic (foreign) challenges Cant afford to fail this sector, this is the back bone of services sector & digital transformation FY 20 - Oligopoly to Triopoly Declining EBITDA Rising Debt = Spectrum Fees + Revenue Share + Others Source: HT, LiveMint, ET, CNNIBN