“The top 3 incumbents are at high risk from 4G feature phone disruption given they account for 60% of all 2G data users. There are 500 million feature phone users in India, and 70% of these have average monthly revenue per user of Rs50 or less. The remaining 150 million feature phone users have higher monthly billings. The replacement market for feature phones at the margin are seen as the twin target markets of Jio’s 4G feature phone. On Monday, shares of Reliance Industries Ltd, the parent of Reliance Jio, rose 2.15% to Rs 1,619.

Source: Hindustan Times July 25, 2017 06:22 UTC