Subscribers can now avail two months’ services for the price of one, while under the earlier plan, they were given four months’ services for the price of one. It is understandable that investors of parent company, Reliance Industries Ltd, are a relieved lot. The company’s shares are hovering close to an all-time high, and its market capitalisation has risen by around $23 billion (Rs1.49 trillion) since Jio’s launch last September. What’s more, the market capitalisation of Bharti Airtel and Idea Cellular Ltd has cumulatively risen around $3.4 billion since Jio’s launch last September. They are at a discount of at least 50% to normal tariffs, going by Jio’s posturing on its rate card.

Source: Mint July 12, 2017 09:22 UTC