Indian telcos' mobile growth weakens on coronavirus; remains robust: Fitch Ratings
"Notwithstanding the effect of the pandemic, we expect FY21 industry mobile service EBITDA to increase by about 15 percent YoY, which will outperform our Indian GDP growth forecast of 0.8 percent, as the industry will realise the full-year benefit of industry…
Revenue and pre-tax profit growth of Indian telecom companies in the financial year ending March 31, 2021 (FY21) will slow due to lower data growth and weaker economic activity amid the coronavirus pandemic, Fitch Ratings said on Thursday.
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