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    T
    Telecom Services
    SECTOR | 28 Oct 2023

    Stable performance; 5G rollout keeps capex elevated

    buy
    Telecom Services
    by ICICI Securities Limited
    ICICI Securities Limited
    Reliance Jio Infocomm (RJio)’s revenue grew 10% YoY, helped by a rise in mobile subscriber (subs) base, faster growth in FTTH and rise in enterprise business. However, it appears that mobile revenue has grown slower due to the
    introductory unlimited 5G offer.
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