Jio effect: India to be only Asian country with declining telecom revenue

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

India would likely be the only Asian country in 2018 with declining telecom industry revenue, thanks to an unprecedented price competition spurred mainly by new entrant Reliance Jio, rating agency Moody's has said.

In other emerging countries, Moody’s expects telecom industry revenue growth to be 3.5% in 2018.

The agency’s outlook for the Asia-Pacific region's telecoms industry is stable, even as technological challenges are apparent.