Intense competition from incumbent telcos to impact Jio’s profitability and returns: Ind-Ra
Reliance Jio, the 4G entrant, is facing intense competition from incumbent telecom operators like Bharti Airtel, Vodafone and Idea Cellular, which may impact its profitability and returns, according to India Ratings and Research (Ind-Ra), which has assigned the Mukesh Ambani-led telco a Long-Term Issuer Rating of ‘IND AAA’ with a Stable Outlook. Jio launched its IP based 4G-LTE (long-term evolution) services on September 5, 2016 and its operations are in... Read More