Telecom Services
Telecom Services
SECTOR | 18 Nov 2019
ICICI Securities Limited
On the operating front, Airtel's performance was clearly strong with a fourth consecutive quarter of wireless revenues growth (up 1.1% QoQ, India wireless margins expansion of 70 bps sequentially to 36.4% and marked reduction in cash burn), consolidated FCF of | 93 crore in Q2 vs. negative FCF of ~| 6100 crore in Q1, largely aided by capex & spectrum related payouts, which were lower by ~| 5485 crore as well superior operating performance. The company added 7.9 million (mn) 4G subscribers during the quarter. On the other hand, VIL witnessed a decline of 3.8% QoQ, net...
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