EW DELHI: Mukesh Ambani-led Reliance Jio facing addressable market challenges when it comes to acquiring new users, leading to a slowdown in net active subscriber addition, Kotak Institutional Securities said in a note. It had added an average of 13.7 mn active subs per month since launch in Sep 2016. Kotak noted that the slowdown in net adds pace for Jio is happening on expected line. "We see this slowdown as natural noting 4G device base limitations that Jio has to contend with. "Kotak said that a very few of these customers have ported out of incumbents’ networks to Jio.

Source: Economic Times May 03, 2017 04:52 UTC