Why Jio launch is not good news for Vodafone and Idea Cellular
The launch of commercial services by Reliance Jio will force bigger carriers like Vodafone and Idea Cellular to review their strategy for the upcoming auctions. Following the introduction of free voice services and data at rock bottom prices, Vodafone and Idea Cellular will now be forced to spend more on new spectrum as earlier estimated. According to analysts, Idea Cellular is likely to bid aggressively spending Rs 4,000 crore more... Read More
