Jio Effect

Why are missed calls such a big deal for leading telcos?

Moody's says revenues capped by competition spurred mainly by new entrant Reliance Jio

Shares of broadcasting and cable TV companies today slumped up to 6 per cent after Mukesh Ambani announced the launch of a 4G-enabled feature phone which would also have a cable to connect with TV as a special accessory to display the phone content on a bigger screen. The scrip of Dish TV India plunged 5.85 per cent, Sun TV Network went down by 2.65 per cent, Hathway Cable & Datacom fell 2.58 per cent, GTPL Hathway (2.28 per cent) and Den Networks (0.13 per cent) on BSE. "In addition to this, the announcements towards the JIO Phone - TV would also hurt the cable TV industry," said Nitasha Shankar, Sr Vice President and Head of Research, YES Securities. Mukesh Ambani today announced the launch of a 4G-enabled feature phone priced at "effective" zero that bundles life- long free voice calls with dirt cheap data in a bid to woo 50 crore low-income users to his 10-month old Jio. Addressing the annual meeting of shareholders of RIL, the parent of Jio, Chairman Ambani said the ...

Jio ended the year with 6.4% market share and 72.16 million subscribers

India's 71.6% 4G availability in the 3rd quarter of 2016 jumped to 81.6% in the 1st quarter of 2017

Apart from Jio price war, rising losses, increase in interest payments are other reasons

Price war may hit telcos' ability to pay for spectrum, DoT secy tells Trai chief