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Bharti Airtel: In a nutshell

Over FY18-21, we expect Bharti Airtel to deliver India/consolidated Ebitda CAGRS of 18%/16%

BS Reporter 

Bharti Airtel: In a nutshell

Over the past decade, Bharti Airtel’s has languished on increased competition in India, cash burn in after an expensive acquisition, uncertainty around spectrum renewals and the entry of With the mobile sector transitioning to a three-player oligopoly, African operations turning profitable, spectrum risks having subsided and cutting discounts, we believe the tide is turning. While the experienced a lost decade over 2007-17, we see multiple rerating triggers.

Over FY18-21, we expect to deliver India/consolidated of 18 per cent/16 per cent. We have a ‘buy’ on the with a Rs 640 target, suggesting 28 per cent upside. ALSO READ: Airtel best play on data boom: CLSA

First Published: Sat, November 11 2017. 00:44 IST