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* We expect revenues and EBITDA to improve for Bharti, driven by healthy subscriber additions and tariff increase in early December 2019. VIL too should benefit from tariff increase, although subscriber additions may be weak/negative.
* Jio’s operating performance should be healthy, driven by strong subscriber additions and tariff increase in October 2019.
* Due to several protests and network impact in several parts of the country, there may have been delays in recharges, and thus marginal loss of revenue.
* The management commentary on the potential revival of the sector and funding plans by VIL would be the key parameters to watch.
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