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Hold Bharti Airtel: P Sekhar

This article was posted on May 25, 2009 and is filed under Stock Views

P Phani Sekhar, Fund Manager, Angel Broking is of the view that one should hold Bharti Airtel.

Sekhar told CNBC-TV18, “This Bharti deal to my mind makes a lot of sense because if you look at the Indian scenario, the new subscriber growth is going to taper down in the next 4-6% quarters and its going to be extremely challenging to keep maintaining the EBDITA margins and the growth momentum in India. So to that extent, since Africa presents itself to be the next big market after India considering the demographics and other parameters, this deal makes a lot of strategic sense and also MTN is good buy because if you look at parameters of ARPU and written ratios it is comparable to Bharti and the analysts was pointing out that EBDITA margins and ARPUs are better for Bharti. So pending further clarifications, Bharti share holders should hold on for now.”

source: MOnoeycontrol

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