Bad News for Jio Users: Telco to Raise Tariffs Every Few Months, Says Brokerage
Mukesh Ambani-led 4G entrant Reliance Jio Infocomm, which had last week raised tariffs by 15-20%, is most likely to raise tariffs every few months, US-based brokerage firm Goldman Sachs said in a report. The brokerage said that Jio may again increase tariff in January 2018 as the 4G telco aims to achieve profitability. Jio's recent move to increase tariffs is proving to be a much-needed for incumbent telecom operators like... Read More
