"Under a two-private-operator scenario, we expect Airtel's subscriber market share to reach 40% and ARPU (average revenue per user) to increase to ₹200...," it said. Vodafone Idea's situation is likely to remain difficult even after relief measures, the report said. "Our analysis of VIL's cash flows suggests its situation will remain challenging even after the relief measures. "We believe the company will also emerge as one of the key beneficiaries of the relief measures being discussed," it added. The report analysing various scenarios assumes significance in the backdrop of Vodafone Idea's desperate struggle to stay afloat.

Source: Mint August 11, 2021 11:37 UTC