CLSA has identified Bharti Airtel as its top pick in the Indian telecom sector, citing strong growth prospects and the rapid expansion of its 5G network. “In 2024, Reliance Jio gained 15 basis points of Revenue Market Share (RMS) to reach 41.6%, while Bharti Airtel outperformed with a 180 basis points increase, bringing its RMS to 38.6%. This reflects Bharti’s robust subscriber growth, sector-leading ARPU, and exceptional execution,” noted CLSA.
🚨 #CLSA names #Bharti #Airtel as the top pick in the #Indian #telecom sector, citing robust growth potential and #5G expansion.
— Sachchidanand Singh (@sachi_gkp) January 9, 2025
🔥 #CLSA highlights #growth opportunities for #Indus Towers, #Tata Communications, #BhartiHexacom, #Sterlite Technologies, and #VodafoneIdea, citing… pic.twitter.com/3WMeX1VFh0
The brokerage also sees significant growth opportunities for Indus Towers, Tata Communications, Bharti Hexacom, and Vodafone Idea, driven by factors such as tariff hikes, increasing data penetration, and the anticipated IPO of Reliance Jio.
