Ratings agency CRISIL Limited has said that the profits of the top three incumbent telcos have halved in the past three years with a 1,000 basis points fall in their operating margins on account of the entry of Reliance Jio Infocomm Limited. The three incumbent companies are Bharti Airtel, Idea Cellular, and Vodafone India. Recovery in the sector is seen only from 2019-2020 following completion of consolidation in the industry.
Copyright (c) 2018 . Informatics India Ltd., source Indian Business Insight