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Stock impact report

Top Indian Fund Bullish on Telecom Stocks Amid Tariff Hike Bet [BNN Bloomberg (Canada)]

AT&T Inc. (T) 
Last at&t inc. earnings: 4/22 06:54 am Check Earnings Report
US:NYSE Investor Relations: en.wiktionary.org/wiki/at
Company Research Source: BNN Bloomberg
“We are likely headed for a large hike in tariffs,” said Niket Shah, chief investment officer at Motilal Oswal Asset Management Co. He estimates that one such increase can boost the industry's Ebitda by more than 500 billion rupees, and add up to 7 trillion rupees ($84 billion) in combined market value. The likely tariff increase will help inject new life into a sector that has grappled with cut-throat competition and aggressive policy actions in recent years, said Shah. America's top wireless carrier AT&T Inc.'s average revenue per user is $55, while the measure is as low as $2 in India, he said. The optimism was palpable last week as Vodafone Idea Ltd., the smallest of the three players in India, raised $2.2 billion in a share sale that was oversubscribed more than six times. Nuvama Institutional Equities said this fundraise may mark a turning point for the sector, providing the company the much-needed capital to compete with larger rivals Reliance Jio Infocomm Ltd. and Bharti Show less Read more
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