ICICI Securities has ‘good news’ for India’s two biggest telecom companies, Reliance Jio and Airtel
Bharti Airtel and Reliance Jio are poised to nearly double their returns on capital by 2028, as network spending falls below depreciation costs, unlocking robust cash flows after 15 years of heavy infrastructure investment, according to a new report by ICICI Securities. The report highlights that both telecom giants are entering a “value creation zone,”…