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Low price points push back Jio break-even

Analysts cautious on outlook, expect earnings to remain under pressure over medium term

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Reliance Jio

Sheetal Agarwal  |  Mumbai 

While the announcements made by Reliance Industries (RIL) chairman Mukesh Ambani at the annual general meeting (AGM) about the Jio project would be a game-changer for the telecom industry and consumers, it also means the break-even date would get pushed further ahead, believe analysts.

For the telecom sector, the announcement has led to India Ratings revising its sector outlook to stable-to-negative from stable for financial year 2016-17. The rating agency said RJio will increase competitive intensity, squeezing market share, operating earnings margin and the credit metrics of ...

First Published: Thu, September 01 2016. 22:47 IST
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