Reliance Jio juggernaut: What next in this game of thrones?8 min read 01 Aug 2018, 11:25 AM IST
Reliance Jio's disruption in broadband data services may be digital oxygen for consumers but is cutting the lifeline of Airtel, Vodafone and Idea Cellular
Mumbai: Reliance Jio Infocomm Ltd is making life miserable for everyone—everyone, barring the consumer, that is. While four telecom firms have already folded up, Reliance Jio’s massive push to provide Indians with digital oxygen—which is how it refers to broadband data—is cutting the lifeline of even India’s largest telecom firms, including market leader Bharti Airtel Ltd. Indebtedness at Vodafone India Ltd and Idea Cellular Ltd has reached unwieldy levels. The only hope for investors and lenders is that tariffs increase from current levels.