Reliance Jio's free offers caused 'unprecedented disruption' in telecom,says Kumar Mangalam Birla
Idea Cellular owner Billionaire Kumar Mangalam Birla in his letter to shareholders on Thursday blamed rival Reliance Jio for causing "unprecedented disruption" in the telecom industry by offering free voice and data.
Without naming Jio, Kumar Mangalam Birla in a letter to shareholders of Idea Cellular said flourishing telecom industry witnessed a 2% decline in annual revenues in 2016-17 fiscal. Image Source: Aditya Birla Group/Twitter