Kumar Mangalam Birla Blames Jio for Falling Revenues, Profitability of Telecom Industry: Report
Aditya Birla Group chairman Kumar Mangalam Birla, in a letter to shareholders of Idea Cellular, reportedly blamed Mukesh Ambani-led Reliance Jio for causing unprecedented disruption in India's telecom sector, which has led to two percent decline in annual revenues in 2016-17 fiscal, according to an ET report. India's telecom industry is facing a decline in revenue and profitability on account of competition intensified by the entry of Reliance Jio. The... Read More
