New Street Research - Bharti Airtel (BHARTI) ... Indian Mobile Quick thoughts on the bank guarantees waiver

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New Street Research

Chris Hoare

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Indian Mobile Quick thoughts on the bank guarantees waiver

India’s Union Cabinet has approved the waiver of the bank guarantees related to spectrum acquired by the operators before 2022. Vodafone Idea was the key beneficiary of this news as it owed INR 247bn versus Bharti (INR 30bn) and Jio (INR 40bn). As a result, VIL shares rose sharply today. Our brief thoughts below.

26/11/2024 1 EN

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Bharti Airtel

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India

VODAFONE INDIA LTD

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Chris Hoare

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Indian Mobile Quick thoughts on the bank guarantees waiver

Indian Mobile Q2 FY25 review: Renewed acceleration off tariff hike, FWA development very positive

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

OpenAI: o3 is a game changer - a few steps away from AG. After the $1bn-to-train model, the $1m-inference model.

Airtel Africa (Buy, TP: GBp200, +85%) Second share buyback program

Takeaways from our conversation with VerticalScope (FORA-TO, Not rated)

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