New Street Research - Bharti Airtel (532454) Bharti Airtel (Buy, TP: INR1,400, +53%) Q2 FY24: Thoughts after the call

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New Street Research

Chris Hoare

EUR 9486.00 For Business Accounts Only

Bharti Airtel (Buy, TP: INR1,400, +53%) Q2 FY24: Thoughts after the call

Bharti Airtel printed slightly mixed results yesterday, though core mobile remained strong. There was a slowdown in Enterprise however, which management addressed in the earnings call. Our thoughts below.

01/11/2023 1 EN

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Bharti Airtel

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New Street Research

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Chris Hoare

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Bharti Airtel (Buy, TP: INR1,400, +53%) Q2 FY24: Thoughts after the call

5G FWA in EM Hold on for a massive acceleration in FWA demand, Bharti & RIL back to Buy

Indian Mobile Broadband upgraded as FWA takes off; Bharti price target upgraded and Recommendations of both RIL and Bharti back to Buy

Indian Telcos – Final AGR ruling and Vodafone IDEA Equipment deal – Our thoughts.

China AI capex, Semicap in 2025, Auto & Smartphone cycles, and more. Tech weekly wrap-up

CelcomDigi (Buy, TP: RM6, +80%) Q3 24 Quick Take: Lowered service revenue guidance on Prepaid SIM consolidation; EBIT trend improving

BABA FY2Q25 Results: Monetization Starts to Stabilize for Taobao and Tmall

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