Reliance Jio’s New Rs 199 Plan To Erode Rivals’ Revenue, Brokerages Say
Banners for Reliance Jio, the mobile network of Reliance Industries Ltd., top left, and Bharti Airtel Ltd. hang outside a mobile phone store in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Reliance Jio’s New Rs 199 Plan To Erode Rivals’ Revenue, Brokerages Say

Billionaire Mukesh Ambani's Reliance Jio Infocomm Ltd. is now going for bigger rivals' high-paying postpaid users as it continues to drive tariffs lower in the world's second-biggest telecom market...
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