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Indian telecom carriers face price target cut on Jio threat

Reliance Chairman Mukesh Ambani took the wraps off the Jio network, touting free calls and rock-bottom data prices

Reuters  |  Mumbai 

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India'sestablishedtelecomplayerssawtheirsharepricesdipfurtheronFriday,afteranalystsslashedpricetargetsonsomeofthem,andwarnedthatthelaunchofnewrivalRelianceIndustries'Jioventureissettobemuchmoredisruptivethanearlierimagined. "FreevoiceiskeytomakingRelianceJio'sintegratedplansmuchmorecompellingcost-wisethanthoseofpeers,"statedJPMorgananalystVijuGeorgeinanotetoclients. RelianceChairmanMukeshAmbani,India'srichestman,tookthewrapsofftheJionetworkonThursdaytoutingfreecalls ...

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First Published: Fri, September 02 2016. 10:23 IST
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