{"id":1624,"date":"2018-08-13T15:50:37","date_gmt":"2018-08-13T15:50:37","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=1624"},"modified":"2018-08-13T15:50:37","modified_gmt":"2018-08-13T15:50:37","slug":"profits-of-incumbent-telcos-halved-in-3-years","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/profits-of-incumbent-telcos-halved-in-3-years\/","title":{"rendered":"Profits of incumbent telcos halved in 3 years: CRISIL Research Sector Update"},"content":{"rendered":"<p style=\"font-weight: 400\">The intense price war in telecom, which started in September 2016 with the entry of Reliance Jio (RJio), is showing no signs of abating. If anything, it has become even more brutal, and the pain is expected to continue this fiscal.<\/p>\n<p style=\"font-weight: 400\">Consequently, the industry\u2019s adjusted gross revenues (AGR; gross revenue net of interconnect charges) could decline another 6-8% on-year this fiscal owing to continued deterioration in realisation from data sales. However, volume growth in data, expected at ~45% (compared with a 4x jump in fiscal 2018), will limit the damage.<\/p>\n<p style=\"font-weight: 400\">The corrosive effect of competition will see gross revenue of the top three incumbents \u2013 Bharti Airtel, Idea Cellular and Vodafone India \u2013 plunge 14-16% as they focus on retaining subscriber market share (based on a 45% volume growth in data, ~3% growth in subscribers and 18-20% drop in average revenue per user, or ARPU.)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The intense price war in telecom, which started in September 2016 with the entry of Reliance Jio (RJio), is showing no signs of abating. If anything, it has become even more brutal, and the pain is expected to continue this fiscal. Consequently, the industry\u2019s adjusted gross revenues (AGR; gross revenue net of interconnect charges) could [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[1041,526,1042,1040,1043],"class_list":["post-1624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-agr-gross-revenue-net-of-interconnect-charges","tag-bharti-airtel","tag-idea-cellular","tag-reliance-jio-rjio","tag-vodafone-india"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Profits of incumbent telcos halved in 3 years: CRISIL Research Sector Update - Finance Intellect<\/title>\n<meta name=\"description\" content=\"The intense price war in telecom, which started in September 2016 with the entry of Reliance Jio (RJio), is showing no signs of abating. If anything, it has become even more brutal, and the pain is expected to continue this fiscal.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financeintellect.com\/home-page\/home\/profits-of-incumbent-telcos-halved-in-3-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Profits of incumbent telcos halved in 3 years: CRISIL Research Sector Update - Finance Intellect\" \/>\n<meta property=\"og:description\" content=\"The intense price war in telecom, which started in September 2016 with the entry of Reliance Jio (RJio), is showing no signs of abating. 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