JPMorgan wary on Indian telecom sector

July 31, 2016

india-4JPMorgan has maintained its cautious view on the telecom sector despite the recent rally in Bharti Airtel amid firming expectations of accelerating consolidation in the space.

The foreign brokerage said India’s telecom data growth story is not intact though there is optimism that this segment will grow 25 per cent on a compounded basis till 2019-20. “…current data trends suggest that all is not hunky-dory with data growth for several reasons — cracks are beginning to emerge in the.. SOURCE

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