Reliance Jio’s freebies led to 11.7% fall in telecom revenues: Report

Reliance Jio

Latest News – The growth of Reliance Jio subscriber base and its free offering till 2016-17 fourth quarter has led to a 11.7 per cent year-on-year decline (8.5 per cent quarter-on-quarter decline) in industry revenues, a report by Jefferies said here on Wednesday.

“The growth of Reliance Jio subscriber base and its free offering till the end of fourth quarter of 2016-17, has led to a 11.7 per cent year-on-year decline (8.5 per cent quarter-on-quarter decline) in industry revenues.

“Reliance Jio effect was also evident in the decline being maximum in metro and A circles where Reliance Jio has a higher penetration, and where the smartphone ecosystem is better developed,” the report said.

The report said Jio has continued to increase its subscriber base steadily to over 108 million by the end of fourth (Read More)

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