These three telecom companies collectively lost over Rs 13,000 crore in market-cap on Thursday
Despite the seemingly sharp discount at which Reliance Jio is offering its products, analysts have just reduced the profitability of the two existing telcos
Mukesh Ambani is targeting 100 million subscribers in shortest possible time through free calls and cheap data plans
Reliance Industries Ltd too could not recover from Thursday's losses as the stock fell by 2.11 per cent to Rs 1,007.35
Reliance Chairman Mukesh Ambani took the wraps off the Jio network, touting free calls and rock-bottom data prices
The newest telecom player offers more bang for the buck
Motilal Oswal Securities says there is no doubt that tariff plans for voice and data is going to be a game changer for telecom industry
Free voice calls; data priced at 80% lower than prevailing industry rates; Commercial launch on Monday, service to be free till year end
Analysts cautious on outlook, expect earnings to remain under pressure over medium term
RIL chairman said Jio is a creation of young, by the young, and for the young
Ambani said that the overall business has nearly tripled in the last five years
Profitability of existing operators may be impacted due to these plans
Ambani said that the launch will transform India from a high priced data market to having the lowest data rates anywhere in the world
Jio will compete head on with players like Bharti Airtel and Vodafone and will offer users data services free for four months
RIL, Bharti Airtel, Idea Cellular and RCom have collectively lost Rs 22,522 crore of m-cap in single day.
According to a latest study by Analysys Mason, telecom companies won't actually lose out by lowering tariffs
Idea Cellular dipped 10% to Rs 83.70, Bharti Airtel down 9% to Rs 302 and RCom by 5.3% at Rs 51 on the BSE.
In his AGM speech, Mukesh Ambani said that incumbent operators were deliberately dropping calls from Jio's network
Voice calls to be free, may force the incumbents to lower voice charges, affecting their margins
Mukesh Ambani offered customers free data services for 4 months, starting Sep 5 to Dec 31