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The launch of Reliance Jio’s 4G LTE network in India has jolted the telecom market in the country. The impact of Jio’s free and unlimited voice calls and cheap data tariffs is not only helping the new entrant win new customers, but is also reflecting on how the market perceives other incumbent carriers.
In the aftermath of Jio’s nation-wide commercial launch in the country, India’s largest telecom operator Airtel is seeing a significant dip in its market value. Bharti Airtel’s stocks were down by 6.48 percent at the time of writing this story. Idea, which has over 100 million subscribers took a 10.9 percent hit. Read more...
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