KOLKATA: Investment banking and Brokerage company CLSA said that the mobile date revenue in India may triple to $14 billion in two years as the Indian Telecoms Vodafone, Bharati Airtel and Idea Cellular are focusing over providing 4G services in India. CLSA opined that the competition between the Telecoms may increase with the new entrant Reliance Jio.
The Brokerage expects the mobile data revenue in India to stay healthy in the coming years. It also predicted that the expansion of 4G network by the Bharati Airtel and other Telecoms like Vodafone and Idea gearing up towards providing 4G will result in lucrative market revenue.
Analysts of the CLSA said that the mobile data revenue may triple to $14 billion by the end of 2018, if the top three operators in the Indian market Airtel, Idea and Vodafone gain 73% of the market shares in the coming years.
The firm appreciated the business tactics of Airtel, which looks to expand its 4G network ahead of Reliance Jio’s launch. A move to attract customer base.
“It is all a healthy environment for the Telecoms in India. The launch of 4G services and its expansion will fuel the data demand in the sub-continent, which in turn will increase the revenue through data services. Indians customers are enthusiast about the new LTE technology and the LTE enabled mobile phones”, the CLSA said.
“This enthusiasm is making them to try the new 4G services. This can be observed through the sale of 5 million 4G handsets in the last nine months throughout India. As of now, one out of every four smartphones in India are 4G enabled”, the organization added.