Telecom & Media

Independent equity research on Indian telecom, digital platform and media stocks. Each Zumedha report values the company with DCF, relative valuation, asset-based (NAV), earnings power (EPV) and sum-of-the-parts methods, then sets a clear Buy Range, Sell Range and risk-and-catalyst view. Coverage spans mobile and broadband operators, telecom infrastructure and towers, digital platforms, broadcasting, streaming, and entertainment. Earnings in this sector depend on average revenue per user (ARPU), tariff changes, subscriber growth, spectrum and capex burden, debt levels, and advertising cycles, and our reports test each of these against current valuations, including upcoming IPOs