INXX - Emerging Markets: The Week Ahead (Mar 4 - 8) India: What's The Big Idea?
Certain of India’s dominant telecom operators have generally seen a downturn in their stock, amid massive consolidation in the industry and a fierce struggle for growth.
To date, shares of Vodafone Idea (NSE: IDEA) and Bharti Airtel (NSE: BHARTIARTL), for example, have plunged roughly 64% and 28%, respectively, from their latest 52-week highs – set around this same time in 2018.
The activity falls against a landscape of an ever-increasing migration of customers to higher-speed telecom networks and lower cost plans, as well as a reduction in the number of India’s operators.