Fabrinet (NYSE:FN) Q2 2024 Earnings Call Transcript February 5, 2024 Fabrinet misses on earnings expectations. Reported EPS is $1.89 EPS, expectations were $2.04. Fabrinet isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good afternoon. Welcome to the Fabrinet Financial Results […]
Department Of Telecommunications: As per estimates, the DoT will garner Rs 50,000 crore from license fee and spectrum usage charge (LF/SUC) payments and spectrum instalments from past auctions. Around Rs 22,000 crore will come from adjustment of BSNL adjusted gross revenue (AGR) dues and Rs 11,000 crore from 4G spectrum for the state-run firm.
The department of telecommunications (DoT) has significantly reduced the spectrum auction revenue target for FY24 to ₹500 crore from ₹5,000 crore. However, the department still expects to generate ₹85,000 crore in revenue receipts this fiscal. The upcoming auction in March is likely to draw bids from Bharti Airtel and Vodafone Idea (Vi) for renewing their airwaves, with a total sale expected to fetch around ₹2,000-₹3,000 crore. This would mark a decline from the record ₹1.5 lakh crore the government earned from the last 5G auction in August 2022.
Telecom Revenue: However, they expect 5G capex spends to decelerate from FY25 onwards, which would pave the way for free cash flow (FCF) generation for the country s private carriers after a 13-year gap, which would be a big catalyst for re-rating, going forward. "Revenue growth for the sector remains in high single-digits and needs a tariff hike for improvement, but lower network costs could offset margin impact of higher sales & marketing costs," Jefferies said