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Industry News
Telecom: Monthly subscriber addition - Idea leads - BRICS Research
Posted On : 2011-12-21 19:50:39( TIMEZONE : IST )
Total GSM mobile subscribers in India were up 1% mom in November to 638mn. Subscriber additions down 8.2% to 6.54mn -- will continue to be subdued in the medium term
Idea maintained its lead in net additions -- growth was primarily driven by strong subscriber addition in new circles. Uninor strong at No. 2. Other operators struggling.
Bharti trades at 8x FY12 EV/EBITDA and 22.7x P/E — we maintain our Buy rating with a target price of Rs467. Idea trades at 7.9x FY12 EV/EBITDA 43.5x P/E — we maintain Add with target price of Rs100.
