Reliance Jio freebies cost telecom sector Rs 8240 crore in incremental revenue?
Reliance Jio dented the telecom industry revenues with its free offers that began in September last year. The debt laden industry has experienced a drop in adjusted gross revenue, ARPU and higher outgoings on interconnection charges, analysts say.
The top three operators’ AGR declined 15.2% YoY, ICICI report said. Photo of Managing Director of Reliance Industries Ltd, Mukesh Ambani. Image Source: Reliance Jio website