While Reliance Jio is inflicting great pain on incumbents, it is doing this at a great cost to itself. Reliance Jio Infocomm Ltd’s latest tariff revision is the unkindest cut of all. In fact, with Jio’s latest disruption, Idea may even struggle with its plans of selling additional shares worth Rs3,500 crore. “This development (Jio’s latest tariff revision) smashes our earlier theses of Jio not launching plans below a certain monthly commitment,” Kotak’s analysts wrote in a note to clients. It has both lowered tariffs and increased data allowance for heavy data users.

Source: Mint January 30, 2018 01:52 UTC