Telcos to bleed this fiscal as well due to Jio, says Crisil
Telecom operators will continue to face difficulties in 2017-18 as well and two of the top three telcos are set to "bleed" due to intense competition from Reliance Jio, a Crisil report said. For this fiscal, Crisil sees a muted 0-5% revenue growth for top telcos. Notably, Jio is estimated to have cornered 55% of total data consumption since launch.