Reliance Jio has threatened top telcos’ major revenue contributor with free voice offering
Reliance Jio has threatened India telecom operators’ major revenue contributor, voice, with the launch of life-time free voice calls, and its launch strategy will squeeze operational cash flows of the Indian telecom sector in Fiscal year 17-18, according to India Ratings and Research (Ind-Ra). Top telcos such as Bharti Airtel, Vodafone and Idea Cellular’s debt burden will also go up with the increase in spectrum and non-spectrum debt capital expenditure... Read More