Four big rival telcos lost â¹8,200 crore due to Jio: Idea
In a meeting with government officials, Idea said four big operators, namely Airtel, Idea, Vodafone and Reliance Communications, cumulatively lost â¹8,200 crore of revenue in the second half of last fiscal over the first half. This was due to free offerings by Reliance Jio, which hit industry's growth. Further, Airtel alleged Jio had adopted âpredatory pricingâ to win market share.