Jio's free services offer led to revenue drop, says Vodafone
UK-based telecom major Vodafone has said that competitive pressures in India with free services offered by Reliance Jio and the impact of demonetisation affected its business. Both these factors led to a nearly 2% drop in its service revenue from India, according to the company. Notably, Vodafone has recently confirmed merger talks with Idea Cellular.