Telecom industry has lost 20% of revenue due to Reliance Jio
The telecom industry has lost about 20% of revenue due to Reliance Jio’s free services, India Ratings and Research has said, revising the outlook for 2017-18 to negative. Further, it stated that the existing telcos would lose market share to Jio and suffer profitability. Decline in data tariffs will further pull down the average revenue per user, it added. 