Motilal Oswal has come out with its report on telecom space. The research firm recommends buy rating on Bharti Airtel.
“In 1QFY13, we expect the average wireless traffic for the top-4 operators to grow ~4% QoQ. Wireless RPM decline is likely to continue due to relatively higher competitive activity amidst regulatory uncertainty. Operators have not been able to fully pass on the negative impact of hike in service tax and change in regulations f or tariff vouchers. We expect Idea to continue reporting the highest traffic growth at 6% QoQ, followed by Bharti (3.5% QoQ).”
