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Jio impact: RIL, three telecom companies lose Rs 22,522 crore m-cap

RIL, Bharti Airtel, Idea Cellular and RCom have collectively lost Rs 22,522 crore of m-cap in single day.

SI Reporter  |  Mumbai 

Reliance Industries and three telecom companies – Bharti Airtel, Idea Cellular and Reliance Communication (RCom) – have collectively lost Rs 22,522 crore of market capitalization (m-cap) in single day after RIL chairman Mukesh Ambani at the 42nd annual general meeting announced the launch of Reliance Jio offering customers free domestic voice calls and zero national roaming charges. CLICK HERE TO READ FULL REPORT.

Reliance Jio's aggressive pricing could force other telecom firms to cut voice and data tariffs. The price war may strain finances of most telecom ...

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First Published: Thu, September 01 2016. 16:14 IST