Jio will prompt counter offers from other telcos: Report
Following Mukesh Ambani-led Reliance Jio's latest offers, incumbents would also make comparable offers to subscribers even at the cost of short-term revenue loss, Deutsche Bank Markets Research said in a report. The three incumbents, namely, Bharti Airtel, Idea and Vodafone, have sufficient 4G spectrum to compete against Jio, it added. Notably, Jio began charging for its services from April 1.