Reliance Jio, Bharti Airtel and Vodafone Idea I The battle rages - check the latest update
Reliance Jio’s new Jio Phone 2021 offer targeted to upgrade 2G user base may be beneficial at the margin only despite its attractive proposition, as higher upfront outlay may be a deterrent for incremental customers. Nevertheless, it may help Jio in retaining JioPhone subscribers and perhaps arrest the recent increase in churn rate. Impending ARPU uplift for the larger 4G smartphone base could be a mutually exclusive decision to Jio’s targeted strategy.
Kotak Institutional Equities remain hopeful for now on impending tariff hike for the larger 4G smartphone subscriber base, which is desirable to improve the industry economics: Reuters