INSUBCONTINENT EXCLUSIVE:
subscriber momentum to slowdown in FY21-22 but expect average revenue per use (ARPU) improvement on back of tariff hike."We believe its
value proposition to consumer remains strong in terms of approx
20 per cent cheaper tariffs and better coverage
Incrementally we expect the growth to come more from the mid-to-low end subs in process diluting the overall ARPU," Merrill Lynch
said.Besides it said that Vodafone faces the risks of further market share loss before its integration with Idea networks completes and
hence Jio is well placed to "capitalise on the mid-to-low end subs".Merrill Lynch also expects Jio to bid for 700 MHz/3.5 GHz spectrum and
be a first mover in 5G rollout in India
"However, the timing of 5G rollout would likely be after we see scale picking up in China 5G as it would lead to lower handset prices and
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