MARKET EYE-As Idea gets set to post results, watch Bharti shares

Tue Jan 29, 2013 10:53am IST

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* Investors in Bharti Airtel Ltd are keenly waiting
rival Idea Cellular Ltd's October-December earnings
results due later in the day.    
* Idea is much smaller than Bharti in revenue terms, but both
mobile carriers operate on GSM technology and have similar kinds
of subscribers.
* As well, both companies' mainstay is second-generation (2G)
voice although there has been a greater push in recent months to
increase revenue from mobile data.
* That may help explain why Idea and Bharti shares have seen a
correlation of 0.86 in the past three months. 
* "Idea's numbers would also answer whether the 2G industry is
growing or not, which should have bearing on Bharti too," said
an analyst tracking the sector.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)
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