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Reliance Jio free services resulted in 20% revenue loss to telecom industry

Reliance Jio free services resulted in 20% revenue loss to telecom industry

Friday, February 17, 2017, 4:56 PM

According to Fitch report, Indian telecom industry lost 20% of its revenue due to the disruptive free services offered by Mukesh Ambani-led Reliance Jio Infocomm. "The existing telcos would lose market share to RJio and suffer profitability, while the debt burden will increase due to spectrum and network-related capex (capital expenditure)," the report added.
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