Telecom - Placing Neutral rating on Bharti; maintain Buy on Idea, Neutral on RCom - Motilal Oswal

We hosted Bharti Airtel, Idea Cellular, and Reliance Communications at the Motilal Oswal 8th Annual Global Investor Conference 2012. Mr Akhil Gupta of Bharti Airtel and Mr Himanshu Kapania of Idea Cellular also presented at the CEO Track.

Key highlights:

- The industry is taking corrective measures to contain channel commissions; sustenance remains key.

- Driving revenue growth could be challenging in the current environment.

- Spectrum pricing issue to be addressed once 2G auction concludes.

- Placing Neutral rating on Bharti; maintain Buy on Idea, Neutral on RCom.

Source : Equity Bulls

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