Telecom Package - Bharti Airtel, Reliance Jio To Reap Benefits From Vodafone Idea's Situation: Motilal Oswal
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Motilal Oswal Report
The government announced a relief package for the telecom sector, providing:
a near term liquidity solution, particularly helpful to Vodafone Idea Ltd., and
addressed multiple long term issues of the sector.
These measures show a strong intent of the government to address the near term liquidity of Vodafone Idea.
But a tariff hike is a must and Vodafone Idea's investment in the business is a key monitorable.
Bharti Airtel Ltd. and Reliance Jio Infocomm Ltd. should reap gains from Vodafone Idea’s situation and the government’s cleanup of a few legacy issues.
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