Financial Health of Select Telecom Companies in India

Indian telecom industry was disrupted with the entry of Reliance Jio in the year 2016. It introduced low cost call and data resulted in extreme competition amongst the existing players in the market. In the disruption situation, the competitors tried to offer services at low prices in order to retain its customers and market share, and hence impacting growth in revenues and profitability. This resulted in financial stress in this particular sector during the entry of reliance Jio. The study attempted to evaluate the financial health of telecom service companies in India namely Vodafone Idea,RCOM and Bharati Airtel. The study considers the period from 2013-14 to 2017-2018. The study is quantitative in nature and has used Altman ‘Z’ score model for understanding the financial stability.