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Research and Markets: India Telecommunication Industry 1H12

Research and Markets (http://www.researchandmarkets.com/research/3d59pr/india_telecommunic) has announced the addition of the "India Telecommunication Industry 1H12" report to their offering.

India: Telecommunication covers the sector overview, sector size, competitive landscape, enviromental scanning and recent developments in the industry. It also covers the market trends and outlook, mobile cellular segment, wireline segment, internet and broadband segment and industry forecast, plus the profile, comparative matrix and SWOT analysis of the industry leading players:

- Bharti Airtel Ltd

- Idea Cellular Ltd

- Reliance Communications Ltd

Executive Summary

India's GDP grew by 5.3% in the fourth quarter of fiscal year 2012, recording its worst performance in last nine years. Indian telecommunication industry had a good year in terms of subscriber growth but was marred by policy and regulatory issues. In February 2012, Honorable Supreme Court of India cancelled 122 telecom licenses of 11 companies owing to their alleged involvement in 2G spectrum allocation scam. In view of the directions given by the Supreme Court, the Government will hold auction for the 2G spectrum by the end of year 2012. Despite of the adverse regulatory environment, the sector witnessed a 12% y/y growth in gross revenues.

The number of wireless subscribers grew by 13.3% y/y to 919 million in FY12 strengthening India's position as the second largest telecom market in the world. The mobile cellular penetration rate of the country reached 76% at the end of FY12. The market was highly tilted in favor of pre-paid subscriptions which accounted for more than 95% of the total cellular subscriptions in the country. Wireline segment continued its decline in FY12 as well with total subscriber base shrinking by 7.7%. Internet and broadband segment showed positive signs recording y/y growth of more than 16% each. In the fiscal year 2012, Bharti Airtel led the telecommunication industry by recording total revenue of INR 715 billion. However it recorded a net profit decline of 41% owing to increased interest expenses. Idea Cellular Ltd recorded total revenue of INR 197 billion. Its net profit for the year stood at INR 6 billion. Reliance Communications had a tough year in terms of financial performance. It registered a revenue decline of 12% and a net profit decline of 31%. Its net debt to EBIDTA ratio soared to 5.52 by the end of fiscal year which was very high considering the industry standards.

The outlook for Indian telecommunication is positive as far as rural wireless, internet and broadband segment is concerned. The low penetration rates existing in these segments will enable high growth rates both in subscriber additions and revenue in next few years.

Key Topics Covered:

1. Industry Profile

2. Market Trends and Outlook

3. Leading Players & Comparative Matrix

4. Tables & Charts

For more information visit http://www.researchandmarkets.com/research/3d59pr/india_telecommunic

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