Indian Telecom Industry Revenue Falls 11.7 Percent, Courtesy Jio Free Services
The Indian telecom industry's revenues dropped 11.7 percent year-on-year, and 8.5 percent sequentially due to free services by the Mukesh Ambani-led telco Reliance Jio, Jefferies said in a note. "Jio effect was also evident in decline being maximum in metro and A circles where Reliance Jio has a higher penetration, and where the smartphone ecosystem is better developed," it added. Reliance Jio Infocomm has added 3.9 million new subscribers in... Read More