Reliance Jio raises rates, but it’s no Dhan Dhana Dhan for telcos - News Summed Up

Reliance Jio raises rates, but it’s no Dhan Dhana Dhan for telcos


To avail of the original benefits under this Dhan Dhana Dhan offer, a subscriber will have to now pay Rs 399.The company has made similar tweaks in other tariff plans as well. "A top executive from a leading telco, who asked not to be named, said the rates were still way below market levels. "JPMorgan expects Jio to gradually raise its monthly charges from the implied Rs 100 per month (before the announcement of the new tariff) to around Rs 300 eventually. For them, any easing in price war will be a big positive, but analysts don't see any major relief in the near term. "It (new tariffs) provides some breather, not relief, to the industry that has been reeling under the Jio promotion onslaught.


Source: Economic Times July 11, 2017 11:25 UTC



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