Reliance Jio too big for Idea, Airtel? Here’s what 5 brokerages are saying

The launch of Reliance Jio is likely to transform the Indian telecom sector, but at the same time, put pressure on multiple fronts on the current telecom operators such as Bharti AirtelBSE 2.66 %, Idea and Reliance CommunicationsBSE 0.10 %.

Telecom is a capital-intensive industry and with heavy debt on balance sheets of most telecom operators, freebies will be hard to come by. Reliance Jio plans to win customers by offering data plans which are cheapest, not just in India but in the entire world.

“The company (Jio) announced ‘always’ free voice calls and proposed tariffs (20-30 per cent lower data tariffs on low-end plans along with ‘always’
free voice calls) that are quite aggressive and well below our expectations,” Crisil Research said.

“Effectively, by opting for Reliance Jio plans, the average monthly mobile bill for a mid-to-high end subscriber could come down by 50-60 per cent,”
the report said.

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