Reliance Jio Onslaught Bleeds Telcos
Thursday, January 5, 2017, 1:20 PM
Because of impact of the Reliance Jio launch and demonetization, India’s leading telecom companies are expected to report sharp drop in operating profit margins in the December quarter. Analysts are expecting a 10-20% drop in the operating profit of Airtel and Idea, sequentially. In the case of Idea, where debt is high, a drop in operating margins will result in heavy losses.