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Indian Mobile Broadband upgraded as FWA takes off; Bharti price target upgraded and Recommendations of both RIL and Bharti back to Buy
Jio’s recent FWA figures suggest India is entering an S-curve of adoption. We think this means Jio is set to capture the lion’s share of a $20bn revenue industry (by 2030). Bharti is likely to benefit strongly too.
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Chris Hoare
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