Motilal Oswal has come out with its report on telecom space. The research firm remains positive on the telecom sector.
Business momentum strong; 3G spectrum amortization and interest costs to impact earnings: We expect revenue momentum to remain strong, driven by continued growth in aggregate minutes of usage, relatively stable tariff environment and increased data usage. Amortization and interest costs related to 3G license fee paid last year would hit the P&L of companies from 1QFY12, depressing headline earnings.
