ICICI Securities Sees Bright Future for Indian Telecom with Jio's Aggressive Moves
ICICI Securities has upgraded valuations for Indian telecom firms, citing Jio Platforms Ltd.'s sustained growth through digital services. Jio's projected EBITDA and PAT CAGRs over FY25-28E show optimism, with a potential IPO by 2026. Bharti Airtel and Jio's global expansions and 5G strategies further bolster market confidence.
- Country:
- India
ICICI Securities recently revised its evaluations for Indian telecom companies, driven by optimism in Jio Platforms Ltd.'s (JPL) performance in mobile and fixed broadband sectors. The brokerage cited sustained growth driven by JPL's digital services and tech capabilities.
Jio's projected compound annual growth rates (CAGR) for EBITDA and Profit After Tax (PAT) from FY25-28E are expected at 18.1% and 21.1%, respectively. The equity value for September 2027 is anticipated to reach USD 148 billion, with impressive returns on capital gains.
The telecom sector anticipates significant developments with JPL targeting global markets for monetizing its tech stack. Bharti Airtel is also strategizing partnerships in cloud and software services, spurring sector momentum alongside JPL's planned IPO in the first half of 2026. This bullish outlook comes with the backdrop of RJio's aggressive 5G expansion and resilient market adaptation strategies since its inception.
Google News