Bearish signal on daily chart
Turbulent past - future tense
The sector has gone through turbulent times for past 30 months with industry revenue collapsing, unprecedented capex by the surviving players, and explosion of data and voice usage.
Second highest internet user in the world
India’s internet user base has grown rapidly over this period, propelled by the decreasing cost and increasing availability of smartphones and high-speed connectivity at affordable prices. With this, India has become the second largest telecommunication market and has the second highest number of internet users in the world.
Consolidation over- will pricing power come back?
Post the phase of aggressive price competition, last few years have been marked by consolidation in the industry, with the structure changing from more than 8 value players to now a structure of three private and one government operator.