Vodafone is most vulnerable to losing data customers to Reliance Jio: Analysts
Industry officials feel that a major impact of Jio’s entry will be felt in the third and fourth quarters of 2016-17.
"Vodafone doesn't appear to have taken Jio's entry too seriously and is clearly lagging behind, in that it is still far from rolling out a comparable pan-India 4G network and could end up paying a high price in the third and fourth quarters when the real impact of Jio's launch is likely to intensify," a senior executive of a top incumbent telco told ET.
Brokerage Edelweiss Securities backed the view, saying, "Vodafone is more reluctant to invest in network capacity building as it focuses on selective circles, which may make it more prone to lose market share to Jio than any other operator."
However Vodafone call the comments rubbish. "When one of the players decides to give everything for free, there's bound to be some impact on the rest, but the fact is, Vodafone gained 1 million heavy data users with monthly usage levels above 1MB during the September quarter, and is strongly poised for the future on the 4G front," a company spokesman told ET.
However, analysts at
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