alexa
Indianmoney.com Missed Call Number

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
 
Home News Reliance Jio effect: Rs4,600 crore hit for telecom firms in FY17

Read more interesting news from around the globe with Indianmoney App

Google Play
 
Get the Best Financial Advice on Education LoanClick Here
 
 
Reliance Jio effect: Rs4,600 crore hit for telecom firms in FY17

Reliance Jio effect: Rs4,600 crore hit for telecom firms in FY17

Tuesday, April 11, 2017, 9:47 AM

The annual revenue of Indian telecom firms declined for the first time since 2008-09 to Rs.1.88 trillion in 2016-17 (from Rs.1.93 trillion the previous year), and will decline further to Rs.1.84 trillion in 2017-18, brokerage CLSA said. The reason: the launch and aggressive pricing of Mukesh Ambani-promoted Reliance Jio Infocomm Ltd which has forced other telecom firms to cut prices.
Read More

Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
CIBIL Meter
Get It now!