Last word on telecom pricing war yet to be heard: JP Morgan
"Over the last few months, as Jio`s free offering has gathered subscribers, and more importantly, impacted data consumption on existing telcos` networks. There has been a pricing reaction from t he incumbents for their existing telecom offering especially on data," the investment banker`s latest report said.
Reliance Jio is gaining traction and will see its subscriber base double by the end of this financial year. Photo: Reuters