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Telecom companies have been reeling under pressure ever since Mukesh Ambani’s telecom venture Reliance Jio launched its services in 2016, disrupting the sector by offering freebies and eating into the market share of listed telecom players.
Telecom stocks like Idea Cellular and Reliance Communications have lost 18% and 64%, respectively since Ambani announced the launch of RJio on September 1 last year. Bharti Airtel, however, rose 10% during the same period against over 9% gains in Sensex.
In FY17, the combined average revenue per user (ARPU) of the incumbent telcom operators fell by 20%. CLICK HERE FOR THE DETAILED REPORT
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