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Home News Feed Advisory

Telecom sector is poised for growth due to these 3 reasons: Should you invest?

FinanceLanebyFinanceLane
May 30, 2022
in Advisory, Investments, News Feed, Savings, Tax Planning, Wealth
Reading Time: 1 min read

The telecom sector witnessed a good fourth quarter of 2021-22, as all three private sector telcos namely Bharti Airtel, Vodafone Idea (Vi) and Reliance Jio (RJio), benefitted from the flow-through of increased tariffs. In November-December last year, the telcos raised prices of entry-level, unlimited voice bundles, and data add-ons packs by 20-25%. Bharti Airtel’s fourth-quarter reported consolidated net profit was 12.5% higher than consensus

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