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Informist, Friday, Mar. 7, 2025

MUMBAI – Bharti Airtel is expected to be range-bound in the coming week amid weak market conditions, analysts said. However, the long-term outlook for the sector looks positive, analysts said. Telecommunication companies are expected to hike tariffs by the end of the year due to a lack of competition in the sector, a research analyst at a domestic fund house said.

Companies in this sector might also benefit from the government's proposal to waive outstanding spectrum usage charges for telecommunication operators on airwaves acquired before the 2022 auctions. If approved, this would benefit Reliance Jio Infocomm and Bharti Airtel by around INR 11 billion each, while Vodafone Idea could gain around INR 20 billion in relief, Financial Express reported Friday. Cabinet Secretary T.V. Somanathan is expected to meet senior officials from the Department of Telecommunications and the Ministry Of Finance on Mar. 10 to deliberate on the waiver proposal, the report said.

Vodafone Idea might benefit from the proposal if passed, due to the various financial problems the company has been facing, the analyst said. However, the exemption will not affect large players like Reliance Jio, which is a subsidiary of Reliance Industries, and Bharti Airtel, the research analyst said.

In another development during the week gone by, telecom giants Reliance Jio and Bharti Airtel urged the government to ensure fair competition in the satellite communications sector as it finalises decisions on licensing and spectrum allocation for Elon Musk-owned Starlink, The Times of India had reported. Telecom firms had accused the Telecom Regulatory Authority of India in a petition of not addressing the competitive imbalance between the allocation of sattelite and terrestrial spectrums. The petition warned that the excess broadband capacity these satellite providers introduce could disrupt competition, particularly in urban and semi-urban markets serving retail and enterprise customers, the report said.

However, analysts had earlier said the entry of Starlink in the domestic market would not disrupt the big players. The price point at which Starlink might launch its internet services would be unaffordable for the country's mass market, an analyst at a domestic brokerage had said on Dec. 13.

TOP HEADLINES

* PRESS: Govt may waive outstanding spectrum usage charges for telecom cos
* RailTel Corp bags 3 orders worth a combined INR 3.1 bln
* RailTel Corp bags two orders worth INR 635.57 million
* Tata Comm completed divestment in Tata Communications Payment Solutions

Following are the resistance and support levels for the stocks for next week as per calculations by Informist based on their prices on the National Stock Exchange: 

End

Reported by Akash Mandal

Edited by Deepshikha Bhardwaj

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