ICICI Securities has 'good news' for India's two biggest telecom companies, Reliance Jio and Airtel
Indian telecom giants Airtel and Reliance Jio are set to nearly double their returns on capital by 2028 as network spending falls below depreciation. This shift unlocks robust cash flows after years of heavy investment, enabling debt reduction and dividend payouts. Both companies are also expanding into high-growth areas like fixed broadband and enterprise digital services.
Indian telecom giants Airtel and Reliance Jio are set to nearly double their returns on capital by 2028 as network spending falls below depreciation. This shift unlocks robust cash flows after years of heavy investment, enabling debt reduction and dividend payouts. Both companies are also expanding into high-growth areas like fixed broadband and enterprise digital services.
