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RJio aims to corner half the telecom market by 2021

But given the pricing pressures, analysts are sceptical of the company's projections

Ram Prasad Sahu  |  Mumbai 

Reliance Jio (RJio) has set a target of capturing half the telecom sector’s projected revenues of Rs 3 lakh crore by FY21. The company, which will start charging customers from April 1, indicated this at an analyst meet on Thursday. The company also plans to hit an operating profit margin of 50 per cent on the back of an efficient network, which it claims operates at the lowest operating cost per gigabyte. If RJio manages to reach the projected numbers, it will be unprecedented given no new entrant at the global level has achieved more than 10 per cent market share after launching ...

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First Published: Sat, March 04 2017. 09:32 IST