Telecom sector's revenue dipped 10.5% due to Reliance Jio
The revenue of telecom sector from consumer services like mobile telephony and data dipped 10.5% in December quarter, according to regulator TRAI. The drop in revenue followed Reliance Jio's free services, which other telecom operators struggled to compete with. Jio launched its services commercially in September and became the first company to clock 100 million subscribers in just 170 days.