The number of telephone subscribers in the wireless segment reached 1,164.64 million in February, showcasing a significant increase. This data highlights the growing reliance on wireless telecommunications services. Read more for detailed information.
Fitch Ratings predicts that the 5G capex investments of Reliance Jio and Bharti Airtel will taper to 35% of revenue in FY24. While the sector’s average Ebitda margin is expected to expand, Fitch cautions that the free cash flow generation will remain limited due to high 5G investments. The competitive landscape is also expected to be dominated by Jio and Airtel, with the two operators projected to add millions of subscribers in 2024. However, Fitch highlights the risks of a slow 5G adoption and the need for an evolved device ecosystem in the Indian market.
