This Fy results has been really bad for all telcos irregardless of whether any telco is joining in, which has put a decent level of fear when i see telcos. Not to mention interest rate normalisation will affect finance cost as well
You brought up a good point that rising interest rate will affect finance cost which also depends on how their debt is being managed. But fear also brings about an opportunity while a dip in this current FY results may just be temporary. I will be monitoring for any change in fundamentals.