 "The telecom operator is on track to achieve the 99 per cent of population coverage target within FY19")
In the second quarter of this fiscal year, Reliance Jio had a significant capex of around Rs 160 billion, although it was 6 per cent down from the previous quarter. Analysts expect the high capex to continue for another two quarters or so, post which the company would shift its focus to the broadband business.
The telecom operator is on track to achieve the 99 per cent of population coverage target within FY19. Jio had attributed the higher capex in the first half of FY19 to expanding mobility networks, which is in the last phase and will subside in the
