Heard from the bank of england yesterday and whether that will filter through longer term in terms of negative rates. Now overall, the markets are focusing on that. They are focusing on some of the things that we saw this week, which is m a. In. Ks general in europe edging lower it seems to be that a lot of markets are in a holding pattern. Lets get straight to the bloomberg first word news. Here in london is also leighann gerrans. And oracle seem to be edging closer to eight tiktok deal. They have tentatively agreed to terms with the treasury department. Bytedance is also increasingly confident that plans will win the approval of regulators in beijing. Assuming it happens, a new firm would aim to hold an ipo in about a year. The eus climate chief says rising demand for green bonds creates an opportunity for the bloc. It plans to start selling as much as 225 billion euros of its debt. That amount is almost the same as all of the Green Securities sold globally last year, likely making t
The telecom services industry in India is expected to have moderate revenue growth of around 7-9% in FY2024 due to muted average revenue per user (ARPU) expansion and absence of tariff hikes, says the rating agency ICRA. The 5G rollout would see elevated capex levels to expand the network and deploy fibre, leading to high industry debt levels of circa Rs 6.1-6.2tn ($81.9-83.6bn) by March 2024. ICRA predicts industry Arpu to improve to Rs 182-185 for FY2024 from Rs 175 in FY2023.
The telecom services industry is expected to post moderate revenue growth of 7-9 per cent in FY 24, due to muted average revenue per user (ARPU) expansion in the absence of tariff hikes in the near-term, ICRA said. ICRA believes that the ongoing 5G roll-out entails densification of the network and sizable deployment of fibre, which is likely to increase the capex intensity in the near to medium term.
Icra: The capex levels of telecom firms will remain elevated as they expand 5G coverage and this would keep the debt levels of the industry high at around Rs 6.1-6.2 lakh crore as of March 2024.
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