Financial Performance on Reliance vs Idea

Telecommunication sector in India is the second largest whole global economy, with over 1.2 billion subscribers. Due to high population, Indian telecom industry has been very competitive, many brands being operating market. challenging business environment exited And today’s scenario only handful of companies are which Airtel, Reliance Jio, BSNL, Idea and others. Among following Jio strongest most emerging player market, came into competition on 5th September 2016.The strategy helped capture maximum market share was free internet service prime customers compelled its rivals lower data rates. Upon launch welcome Offer introduced where 4GB provided daily basis. there were add-on features made JIO package favourable for all age cadre. This had an impact other players telecos’ facing a sharp drop their monthly average revenue per user, approximately 42%; this also called “The effect”. Coming on, two major telecommunication companies, Vodafone whose grossly affected therefore these collaborated face effect. These got merged 31st August 2018 form Ltd. order fight neck battle Jio.