Indian Telcos: Optimistic Outlook as IDEA Reduces Price Competition

Bharti: Some Exposure to Nigerian Devaluation, but Recovery Story Remains Intact

Bharti: Jio Worries Overdone. Recovery Continues

Indian Telcos: A Mixed Bag Ahead of Jio Launch

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New Street Research Insights

New Street Research

Research is provided by our team of experienced analysts. Our work is idea driven, based on independence of thought, sector expertise, and firmly focused on fundamentals and valuation of telecoms and internet names globally. New Street is headquartered in London with offices in New York, Singapore and Australia. 

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
US Healthcare
Japanese Healthcare

We also provide debt research on:
Pan European Telecom Services and Cable

Equity Bottom-Up

<p>After a weak 3Q16, <a href="https://www.smartkarma.com/entities/953" target="_blank" data-smartkarma-citation="entities:953">Bharti Airtel Ltd</a> (Bharti) posted strong numbers for 4Q16.  Growth (revenue and Ebitda) accelerated faster than expected, with voice returning to growth  and data growth remaining strong. Africa saw a real improvement (at last) while overall margins were up 180bps YoY, driven largely by Indian mobile.  After a period of decline, underlying net income rose 7% YoY. Bharti is  now outperforming its peers as mobile Ebitda rises. </p><p>We look for positive performance to continue as…</p>

After a weak 3Q16, Bharti Airtel Ltd (Bharti) posted strong numbers for 4Q16.  Growth (revenue and Ebitda) accelerated faster than expected, with voice returning to growth  and data growth remaining strong. Africa saw a real improvement (at last) while overall margins were up 180bps YoY, driven largely by Indian mobile.  After a period of decline, underlying net income rose 7% YoY. Bharti is  now outperforming its peers as mobile Ebitda rises. We look for positive performance to continue as…

Bharti Airtel

Bharti Airtel: Benefiting from Scale