\n
The rating agency, however, said aggressive bidding in the upcoming spectrum auction and emergence of competition from Reliance Jio<\/a>, which could substantially slash data tariffs, are concerns that could lead to an outlook review in the future.
\n
\n\"...maintained a stable outlook on the telecommunications services sector for FY16 on market consolidation leading to better pricing power, as well as higher data consumption and improved the financial profiles of operators,\" India Ratings said.
\n
\nData revenues per user have almost doubled in the last one year for GSM service providers, it added.
\n
India Ratings said it believes India's low Internet penetration<\/a> and increasing acceptance of e-commerce and social media shall drive a surge in data consumption.
\n
\n\"This increasing user base and rising data volumes will further provide the traction for data revenue growth in FY16,\" it said.
\n
\nIncrease in competition in the voice space leading to lower average revenue per minute or disruption of the data market by new entrants thus affecting the blended average revenue per user could lead to the outlook being revised to negative on profitability concerns.
\n
\n\"The sector outlook could also be downgraded if the scarcity of the available spectrum across bands leads to aggressive bidding by operators in order to protect their existing business setups. In addition, the governments' inability to make available additional spectrum could have a bearing on the outlook,\" it added.
\n
\nThe agency said margins of the telecom operators in India have been supported by increasing voice tariffs and growing data consumption.
\n
\nWith the exit of many regional players, India Ratings said, telecom operators are left with fewer opportunities for further market consolidation.
\n
\n\"However, existing smaller\/regional players may look to monetise their holdings given the limited scope of their operations,\" it said.
\n
The sector witnessed market consolidation in 2014, with the top three telecom companies (c, Vodafone<\/a>, Idea<\/a>) catering to more than 55 per cent of the subscriber base with a combined revenue market share of more than 67 per cent at end of first quarter FY15.
\n
India Ratings believes that the large operators shall continue to dominate the industry<\/a> with better pricing power while the regional players seem to be awaiting clarity on M&A or spectrum trading guidelines to weigh their exit options. \n<\/body>","next_sibling":[{"msid":46103467,"title":"Tech firms to invest Rs 2,600 crore in electronic manufacturing","entity_type":"ARTICLE","link":"\/news\/industry\/tech-firms-to-invest-rs-2600-crore-in-electronic-manufacturing\/46103467","category_name":null,"category_name_seo":"industry"}],"related_content":[],"msid":46103481,"entity_type":"ARTICLE","title":"Market consolidation in telcos to lead to better pricing power: Report","synopsis":"The agency said margins of the telecom operators in India have been supported by increasing voice tariffs and growing data consumption.","titleseo":"industry\/market-consolidation-in-telcos-to-lead-to-better-pricing-power-report","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2015-02-03 07:43:09","lastupd":"2015-02-03 07:46:19","breadcrumbTags":["industry","Vodafone","idea","internet penetration","India Ratings and Research","Reliance Jio"],"secinfo":{"seolocation":"industry\/market-consolidation-in-telcos-to-lead-to-better-pricing-power-report"}}" data-authors="[" "]" data-category-name="Industry" data-category_id="18" data-date="2015-02-03" data-index="article_1">
新德里消息:印度评级和研究今天表示,它一直保持着稳定的前景下一财政年度的电信业市场整合导致更好的定价能力,提高了经营者的财务资料。
然而,评级机构说,激进的招标即将到来的频谱拍卖和竞争的出现依赖Jio数据,这将大幅削减关税,是担心可能会导致在未来前景审查。
“…保持一个稳定的前景FY16的电信服务业市场整合导致更好的定价能力,以及较高的数据消费和提高经营者的财务资料,“印度评级说。
数据每用户收入几乎翻了一倍在过去的一年对于GSM服务提供商,它补充说。
印度评级认为印度的低互联网普及率和增加接受电子商务和社交媒体的驱动数据消费激增。
“这增加的用户基础和数据量将进一步上升为数据提供牵引FY16收入增长,”它说。
增加声音空间的竞争导致每分钟平均收入较低或破坏数据的市场新进入者影响混合每用户平均收入可能导致被修正负盈利前景担忧。
行业前景还可以下调,如果缺乏可用的频谱在乐队导致大胆出价运营商为了保护他们的现有业务设置。此外,政府无法提供额外的频谱的前景可能会改变,”它补充道。
该机构称,在印度电信运营商的利润率一直支持通过增加语音关税和日益增长的数据消费。
与许多地区性的退出、印度评级说,电信运营商只剩下很少有机会进行进一步的市场整合。
“然而,现有小/地区性看起来货币化持鉴于其业务范围有限,”它说。
该行业在2014年见证了市场整合,三大电信公司(c,沃达丰(Vodafone),的想法)迎合超过55%的用户基础,结合收入市场份额超过67%,第一季度FY15结束。
印度评级相信大型运营商应当继续主导行业有更好的定价权,而地区性似乎等待明确并购或频谱交易准则来衡量他们的退出选项。
然而,评级机构说,激进的招标即将到来的频谱拍卖和竞争的出现依赖Jio数据,这将大幅削减关税,是担心可能会导致在未来前景审查。
“…保持一个稳定的前景FY16的电信服务业市场整合导致更好的定价能力,以及较高的数据消费和提高经营者的财务资料,“印度评级说。
数据每用户收入几乎翻了一倍在过去的一年对于GSM服务提供商,它补充说。
印度评级认为印度的低互联网普及率和增加接受电子商务和社交媒体的驱动数据消费激增。
“这增加的用户基础和数据量将进一步上升为数据提供牵引FY16收入增长,”它说。
增加声音空间的竞争导致每分钟平均收入较低或破坏数据的市场新进入者影响混合每用户平均收入可能导致被修正负盈利前景担忧。
行业前景还可以下调,如果缺乏可用的频谱在乐队导致大胆出价运营商为了保护他们的现有业务设置。此外,政府无法提供额外的频谱的前景可能会改变,”它补充道。
该机构称,在印度电信运营商的利润率一直支持通过增加语音关税和日益增长的数据消费。
与许多地区性的退出、印度评级说,电信运营商只剩下很少有机会进行进一步的市场整合。
“然而,现有小/地区性看起来货币化持鉴于其业务范围有限,”它说。
该行业在2014年见证了市场整合,三大电信公司(c,沃达丰(Vodafone),的想法)迎合超过55%的用户基础,结合收入市场份额超过67%,第一季度FY15结束。
印度评级相信大型运营商应当继续主导行业有更好的定价权,而地区性似乎等待明确并购或频谱交易准则来衡量他们的退出选项。
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