Devesh
Core Member
India’s big telecom companies, Bharti Airtel, Vodafone India and Idea Cellular, will be forced to slash data rates soon to hold on to their upper-end customers with Reliance Jio Infocomm’s decision to offer unlimited voice and nearly 30 GB of data at a modest monthly charge of Rs 303 from April 1, analysts and industry experts said.
Reliance Industries chairman Mukesh Ambani on Tuesday said existing Jio customers would have to pay a nominal Rs 99 membership fee and another Rs 303 a month to avail of all the benefits of the unlimited voice and data “Happy New Year’ offer.
Jio’s latest move, they said, is clearly aimed at luring Airtel, Vodafone and Idea’s top-end customers, among whom a section is reckoned to be already using Jio as a second SIM. “Holding on to these upper-end customers will be pivotal for the big three to remain profitable in the coming quarters as these users generate over 60% of their revenues,” a senior industry executive, who did not wish to be named, told ET.
Reliance Jio: Bharti Airtel, Vodafone India and Idea Cellular may have to take a call on data rate cut to counter Jio offer, Telecom News, ET Telecom
Reliance Industries chairman Mukesh Ambani on Tuesday said existing Jio customers would have to pay a nominal Rs 99 membership fee and another Rs 303 a month to avail of all the benefits of the unlimited voice and data “Happy New Year’ offer.
Jio’s latest move, they said, is clearly aimed at luring Airtel, Vodafone and Idea’s top-end customers, among whom a section is reckoned to be already using Jio as a second SIM. “Holding on to these upper-end customers will be pivotal for the big three to remain profitable in the coming quarters as these users generate over 60% of their revenues,” a senior industry executive, who did not wish to be named, told ET.
Reliance Jio: Bharti Airtel, Vodafone India and Idea Cellular may have to take a call on data rate cut to counter Jio offer, Telecom News, ET Telecom