Telecom industry lost 20% revenue due to Reliance Jio giveaways: Ind-Ra

telecom, dish, antenna,

Latest News – The telecom industry has lost about 20 per cent of revenue due to Reliance Jio’s free services, India Ratings and Research has said, revising the sectoral outlook for 2017-18 to negative.

India Ratings and Research (Ind-Ra), a Fitch group company, said the revision of outlook on the sector to negative for 2017-18 from stable-to-negative for 2016-17 is due to “increasing competition”.

“The negative outlook reflects Ind-Ra’s expectation of longer and deeper than expected deterioration in the credit profile of telcos following the extended free services by Reliance Jio Infocomm,” its latest report on corporate outlook said.

The report further said the industry has lost about 20 per cent revenues due to the free services by RJio.

“The existing telcos would lose market share to RJio and suffer profitability while the (Read More)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s