Extension of Reliance Jio sops is another nightmare for rival telcos
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However, the telco has decided to extend the subscriptions deadline to April 15th, while also waiving the monthly recharges for three months for subscribers who register within that timeline.
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Also read: Airtel, Vodafone India and Idea’s plea against Reliance Jio is going to fall flat. Here’s why
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Also read: Cleartrip Survey Reveals that Reliance Jio is Spearheading the Mobile Data Usage Trend
As per JM Financial, the extent of sequential Ebitda decline for marker leading telcos in first and second quarters of FY18 "could turn out higher" than what had been predicted. "We do not expect Bharti and Idea share prices to outperform, until clear visibility emerges on revenue/Ebitda recovery from Q3," it told ET.
It was on Friday that Jio had announced its 'Summer Surprise' offer, under which Prime members would get complimentary services till end-June.
(Image source Telecom Talk)
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