In each of the preceding two quarters, the onslaught from Reliance Jio Infocomm Ltd had led to a sequential decline of between 6-8% in revenue. Now, with Jio having moved from free services to discounted services, the bloodbath appears to have stopped, at least for now. But note that this will be more than offset by revenues earned by Jio in the June quarter. Analysts estimate revenues of at least Rs2,000 crore for the quarter, with Jio beginning to charge customers. For instance, to support growing data volumes, incumbents have no choice but to quicken the pace of their network rollout.

Source: Mint July 25, 2017 15:07 UTC