Analysts upgrade EBITDA, revenue estimates for RJIO post IUC charge

Analysts feel most subscribers will view the compulsory IUC top-up voucher as an additional spend for no incremental value

Analysts have revised upwards their estimates for earnings before interest, taxes, depreciation and amortisation (EBITDA) and revenue for Reliance Jio (RJIO), the telecom arm of Reliance Industries (RIL) after it hiked the interconnect usage charge (IUC) by 6 paise per minute. The IUC hike by RJIO, analysts say, would pave the way for the other telecom operators to adopt a similar strategy. 

The Mukesh Ambani-controlled telecom company, however, plans to compensate the users for this hike by offering them 1 GB to 10 GB free data. This move, however, came in as a surprise for analysts, who feel most subscribers will