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ā¢ Fitch Ratings expects Indian telecom operators Reliance Jio and Bharti Airtel to see improved Ebitda net leverage and margin in FY24, despite high 5G capex investments.
ā¢ Competition is expected to remain limited, with Jio and Airtel projected to garner majority of the revenue in the sector.
ā¢ The slow adoption of 5G and limited business case in the short-to-medium term are identified as top risks.