With Reliance Jio in no mood to relent, losses to mount for Indian telcos
Analysts estimate revenues of Bharti Airtel and Idea Cellular will decline between 2.5% and 3% in the June quarter on an organic basis
The June quarter was fairly eventful for Indian telecom companies, at least as far as disruptive announcements by Reliance Jio Infocomm Ltd go. In May, the company announced post-paid tariffs that were less than half of prevailing offers from incumbents, coupled with far cheaper international calling rates. It also considerably increased the data allowance on its flagship plans.
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