>Telecom Insights (HSBC)

INDIAN TELECOM REVENUE INSIGHTS

Bharti, Idea Cellular: Revenue market share gains continue

# Bharti’s and Idea’s pan-India revenue market share in Q3FY09
jumped by c60 basis points

# Contribution of “B” category circles on a pan-India basis
improved 60 basis points to 32.3%

# Maharashtra, UP (East), Orissa and West Bengal show the
highest revenue growth in the quarter; Bharti our top pick

To see full report: Telecom Insights