Jio to Become Leading Telco in Terms of Both Subscriber Base and Revenue This Year: Report
Billionaire Mukesh Ambani's telecom venture Reliance Jio will this year become India's No.1 telco in terms of both subscriber base and revenue, brokerages Bernstein and Credit Suisse said in separate reports Tuesday. Jio which stormed into the sector in 2016 by offering free voice calls and dirt cheap data on mobile phones, is reporting net profit and a positive return on invested capital was due to "non-standard depreciation metrics" and... Read More