Bharti, Vodafone Idea Will Hardly Face Impact Of Rising Rates, Says JPMorgan

Indian telecom operators are unlikely to be impacted by rising interest rates as only a small portion of their debt is dollar-denominated and on floating rates, according to JPMorgan.The majority of the rupee debt for spectrum and adjusted gross revenue is at fixed rates, according to a report by the research firm. That also limits the risk from forex sensitivity.JPMorgan’s analysis reiterates Bernstein’s view that the telecom indust…