MUMBAI: India's Reliance Industries plans to remain focused on subscriber additions rather than chase higher tariffs for its Jio telecoms business, a top company executive said. Its strategy is aimed at prolonging the pressure on rivals such as Bharti Airtel and Vodafone Idea, whose revenue and profits have plunged since the launch of Jio by Reliance boss Mukesh Ambani. Jio recently topped Bharti Airtel to become India's second-biggest telecoms operator behind Vodafone Idea. Analysts had predicted that Jio would start raising its tariffs as soon as it reached a critical mass of subscribers. Reliance also announced on Friday that Jio has sold its tower assets via an investment trust to Canada's Brookfield Asset Management for 250 billion rupees.

Source: Mint July 21, 2019 14:15 UTC