$\"\"$ KOLKATA: Reliance Jio<\/a> Infocomm’s entry is set to partly affect the earnings of India’s largest three telcos —Bharti Airtel<\/a>, Vodafone India and Idea Cellular<\/a> — in the July-September quarter, putting pressure on their revenue growth, realisation from pricier data services, average revenue per user (ARPU) and minutes of usage.
\n
Jio’s started its services on September 5 with an introductory free voice and data offers, and industry<\/a> experts and analysts said the major impact of its entry would be felt more in the October-December period.
\n
While the “real impact” would be visible only in the third and the fourth quarters of this financial year, Airtel, Vodafone and Idea should brace for “early warning signals” in the September quarter itself, said former Bharti Airtel<\/a> CEO Sanjay Kapoor.
\n
\nHe added the top three incumbent operators would report some reduction in voice and data growth rates in July-September quarter, which is typically the weakest for telcos due to monsoon, when users make fewer calls, with Jio’s launch adding to their woes.
\n
Goldman Sachs<\/a> estimates Bharti and Idea to report an average 25 per cent on-year data revenue growth in the September quarter, a far cry from the 60 per cent increase a year earlier. The US brokerage expects data realisations to fall 17-18 per cent on-year, and about 8 per cent sequentially for the two companies – both sharper declines than in April-June quarter – after they tried to pre-empt Jio by offering more data at the same rates.
\n
\nAnalysts said Vodafone would also face similar pressures, although they didn’t have estimates since the company is unlisted in India. Market leader Airtel, No. 2 Vodafone India and third-ranked Idea didn’t respond to emailed queries for comment.
\n
\nVoice services, which still make up about 80 per cent of the revenue of incumbent companies, may be hurt as Jio attracts customers from rivals and more calls from its network go through to subscribers of other operators, overcoming the initial failures due to interconnection challenges.
\n
\nJio said it had 16 million users after the first month of operations, most of whom were, already, subscribers of existing telcos, especially the smaller ones.
\n
\nAfter Jio’s inaugural offers of free data and voice end in December, calls will remain free for its subscribers. “Even if people are using it as the second SIM initially, we are seeing some impact on voice usage, besides of course, on data,” said an industry insider asking not to be identified.
\n
Kotak<\/a> Institutional Equities backed the view, saying data and voice minutes used by Jio subscribers would get split between their existing operators and the newcomer. It expects Idea to be more susceptible to Jio’s free voice service offer as “its share of floating minutes” is greater than Airtel’s.
\n
\nGoldman Sachs expects Bharti and Idea to report 5.4 per cent and 2.5 per cent sequential dips in monthly minutes of usage per subscriber, respectively, in the September quarter.
\n
\n“This will only get more pronounced in the ongoing quarter,” the industry insider said. C
\n
\nredit Suisse expects Bharti and Idea to report 2.8 per cent and 1.7 per cent sequential declines in their ARPUs – a key operational parameter – from Rs 196 and Rs 181, respectively, as prices come under pressure.
\n
\nNitin Soni, a director at rating company Fitch, predicts a significant hit on the incumbents by the third quarter, a view seconded by Bank of America-Merrill Lynch.\n\n<\/body>","next_sibling":[{"msid":54943624,"title":"Tata Teleservices pays Rs 2,300 crore to DoT for spectrum purchase","entity_type":"ARTICLE","link":"\/news\/tata-teleservices-pays-rs-2300-crore-to-dot-for-spectrum-purchase\/54943624","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":54948739,"entity_type":"ARTICLE","title":"Reliance Jio entry may hit top telcos\u2019 earnings","synopsis":"Jio said it had 16 million users after the first month of operations, most of whom were, already, subscribers of existing telcos, especially the smaller ones.","titleseo":"telecomnews\/reliance-jio-entry-may-hit-top-telcos-earnings","status":"ACTIVE","authors":[{"author_name":"Kalyan Parbat","author_link":"\/author\/4437\/kalyan-parbat","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/4437.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":4437,"author_name":"Kalyan Parbat","author_seo_name":"kalyan-parbat","designation":"Assistant Telecom Editor at the Level of Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-10-20 08:07:58","lastupd":"2016-10-20 08:11:03","breadcrumbTags":["industry","Bharti Airtel","Kotak","Goldman Sachs","Idea Cellular","Reliance Jio"],"secinfo":{"seolocation":"telecomnews\/reliance-jio-entry-may-hit-top-telcos-earnings"}}" data-authors="[" kalyan parbat"]" data-category-name="" data-category_id="" data-date="2016-10-20" data-index="article_1">

Telecom乐动扑克News

依赖Jio条目可能达到顶级电信运营商的收益

Jio表示,拥有1600万用户操作的第一个月后,他们大多数都是,已经用户现有的电信公司,尤其是小公司。

Kalyan尔巴特,
等局

更新2016年10月20日08:11点坚持

加尔各答:依赖JioInfocomm的条目将在一定程度上影响印度最大的三个电信公司的收益Bharti Airtel,沃达丰印度和知道细胞- 7 - 9月当季,施压他们的收入增长,实现从昂贵的数据服务,每用户平均收入(ARPU)和分钟的使用。

Jio开始其服务与一个介绍性的9月5日免费语音和数据提供,和行业专家和分析师表示,重大影响的10条目会感觉更稳定。

而“实际影响”将是可见的只有在第三和第四季度的本财政年度,Airtel沃达丰和想法也应该做好9月季度“预警信号”,前说Bharti Airtel首席执行官Sanjay Kapoor。

他补充说现任三大运营商将报告一些减少语音和数据在7 - 9月一季增长率,这通常是最弱的电信公司由于季风,当用户少打电话,Jio发射增加他们的困境。

高盛(Goldman Sachs)估计Bharti和主意报告平均同比数据,9月当季营收增长25%,远低于60%的增长。美国券商预计数据实现。每分同比下降17 - 18,顺序和大约8%的两家公司——下降幅度比在4 - 6月季度之后,他们试图先发制人Jio通过提供更多的数据在相同的利率。

分析师表示,沃达丰也将面临类似的压力,尽管他们没有估计公司未上市以来在印度。市场领导者的旅馆,2号沃达丰印度和第三大想法没有回复寻求置评的电子邮件查询。

语音服务,仍占大约80%的现任公司的收入,可能伤害Jio吸引客户从竞争对手和更多其他运营商的网络浏览用户,克服最初的失败由于互连的挑战。

Jio表示,拥有1600万用户操作的第一个月后,他们大多数都是,已经用户现有的电信公司,尤其是小公司。

Jio就职后提供免费的数据和语音在12月结束,电话仍将免费为其用户。“即使人们使用它作为第二个SIM最初,我们看到了一些对声音的影响使用,当然,除了数据,”一名业内人士表示要求不透露姓名。

科塔克机构股票支持视图,称所使用的数据和语音分钟Jio用户会得到分离他们现有的运营商和新来的。预计主意更容易Jio是免费的语音服务提供“浮动的分钟”大于Airtel的。

高盛(Goldman Sachs)预计Bharti和主意报告顺序蘸5.4%和2.5%每月分钟每个用户的使用,在9月季度分别。

“这正在进行的季度只会变得更加明显,“业内人士说。C

redit瑞士预计Bharti顺序和主意报告2.8%和1.7%下降arpu——一个关键操作参数从Rs - 196和Rs 181,分别是价格承压。

Nitin索尼,惠誉评级公司的董事,预测重大冲击现有的第三季度,这一观点得到了美国银行-美林。

发布于2016年10月20日08:07点坚持

$\"\"$ KOLKATA: Reliance Jio<\/a> Infocomm’s entry is set to partly affect the earnings of India’s largest three telcos —Bharti Airtel<\/a>, Vodafone India and Idea Cellular<\/a> — in the July-September quarter, putting pressure on their revenue growth, realisation from pricier data services, average revenue per user (ARPU) and minutes of usage.
\n
Jio’s started its services on September 5 with an introductory free voice and data offers, and industry<\/a> experts and analysts said the major impact of its entry would be felt more in the October-December period.
\n
While the “real impact” would be visible only in the third and the fourth quarters of this financial year, Airtel, Vodafone and Idea should brace for “early warning signals” in the September quarter itself, said former Bharti Airtel<\/a> CEO Sanjay Kapoor.
\n
\nHe added the top three incumbent operators would report some reduction in voice and data growth rates in July-September quarter, which is typically the weakest for telcos due to monsoon, when users make fewer calls, with Jio’s launch adding to their woes.
\n
Goldman Sachs<\/a> estimates Bharti and Idea to report an average 25 per cent on-year data revenue growth in the September quarter, a far cry from the 60 per cent increase a year earlier. The US brokerage expects data realisations to fall 17-18 per cent on-year, and about 8 per cent sequentially for the two companies – both sharper declines than in April-June quarter – after they tried to pre-empt Jio by offering more data at the same rates.
\n
\nAnalysts said Vodafone would also face similar pressures, although they didn’t have estimates since the company is unlisted in India. Market leader Airtel, No. 2 Vodafone India and third-ranked Idea didn’t respond to emailed queries for comment.
\n
\nVoice services, which still make up about 80 per cent of the revenue of incumbent companies, may be hurt as Jio attracts customers from rivals and more calls from its network go through to subscribers of other operators, overcoming the initial failures due to interconnection challenges.
\n
\nJio said it had 16 million users after the first month of operations, most of whom were, already, subscribers of existing telcos, especially the smaller ones.
\n
\nAfter Jio’s inaugural offers of free data and voice end in December, calls will remain free for its subscribers. “Even if people are using it as the second SIM initially, we are seeing some impact on voice usage, besides of course, on data,” said an industry insider asking not to be identified.
\n
Kotak<\/a> Institutional Equities backed the view, saying data and voice minutes used by Jio subscribers would get split between their existing operators and the newcomer. It expects Idea to be more susceptible to Jio’s free voice service offer as “its share of floating minutes” is greater than Airtel’s.
\n
\nGoldman Sachs expects Bharti and Idea to report 5.4 per cent and 2.5 per cent sequential dips in monthly minutes of usage per subscriber, respectively, in the September quarter.
\n
\n“This will only get more pronounced in the ongoing quarter,” the industry insider said. C
\n
\nredit Suisse expects Bharti and Idea to report 2.8 per cent and 1.7 per cent sequential declines in their ARPUs – a key operational parameter – from Rs 196 and Rs 181, respectively, as prices come under pressure.
\n
\nNitin Soni, a director at rating company Fitch, predicts a significant hit on the incumbents by the third quarter, a view seconded by Bank of America-Merrill Lynch.\n\n<\/body>","next_sibling":[{"msid":54943624,"title":"Tata Teleservices pays Rs 2,300 crore to DoT for spectrum purchase","entity_type":"ARTICLE","link":"\/news\/tata-teleservices-pays-rs-2300-crore-to-dot-for-spectrum-purchase\/54943624","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":54948739,"entity_type":"ARTICLE","title":"Reliance Jio entry may hit top telcos\u2019 earnings","synopsis":"Jio said it had 16 million users after the first month of operations, most of whom were, already, subscribers of existing telcos, especially the smaller ones.","titleseo":"telecomnews\/reliance-jio-entry-may-hit-top-telcos-earnings","status":"ACTIVE","authors":[{"author_name":"Kalyan Parbat","author_link":"\/author\/4437\/kalyan-parbat","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/4437.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":4437,"author_name":"Kalyan Parbat","author_seo_name":"kalyan-parbat","designation":"Assistant Telecom Editor at the Level of Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-10-20 08:07:58","lastupd":"2016-10-20 08:11:03","breadcrumbTags":["industry","Bharti Airtel","Kotak","Goldman Sachs","Idea Cellular","Reliance Jio"],"secinfo":{"seolocation":"telecomnews\/reliance-jio-entry-may-hit-top-telcos-earnings"}}" data-news_link="//www.iser-br.com/news/reliance-jio-entry-may-hit-top-telcos-earnings/54948739">

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