Bharti Airtel, Reliance Jio to gain share with 5G rollout: Brokerages

On Monday TRAI released recommendations to usher commercial 5G service by recommending 25-50% cut in reserve price for airwaves in various bands

Brokerages anticipate additional market share gains for Reliance Jio and Bharti Airtel which are well positioned to participate in 5G spectrum auctions.

“We believe that Telecom Regulatory Authority of India (TRAI) recommendations are incrementally positive with the regulator recommending spectrum price reductions of 25-50 per cent (though less than telecom companies desired range). Airtel and Jio are well positioned to participate in the upcoming 5G auctions while VIL's ability to effectively compete in 5G auctions is constrained due to the weak balance sheet,” Credit Suisse said in its analysis.

A similar view was echoed by Nomura which said that in