Thu, Jun 01, 2017
Bharti Airtel's merger with Telenor will enhance its foot-print in seven circles and will add up to nearly 52.5 million subscribers in its book. The scheme is filed before NCLT and is subject to other statutory approvals.
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Tue, Mar 21, 2017
Motilal Oswal, however, is confident that Idea will perform better. It said, "We upgrade Idea to Buy with a target price of Rs 120, implying 9x EV/EBITDA on FY19E for the combined entity. In our view, rich valuation is justified, as the expected recovery from FY19 could drive EBITDA CAGR (compound annual growth rate) of 18% over FY18-22."
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