Airtel and Jio to enter ‘value creation’ zone: RoCE to rise; ICICI Securities predicts strong cash flow and profits – The Times of India
Bharti Airtel and Reliance Jio will almost double their capital returns by 2028 as network expenditure falls below depreciation levels, unshackling better cash flows after 15 years of intensive infrastructure outlays, ICICI Securities estimates.The report says that both entities are crossing into a “value creation zone,” with better return on capital employed (RoCE) and robust…