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Reliance Jio Is Expected To Hit 100 Million Subscribers By March 2017: JP Morgan
A staff member arranges Reliance Jio Infocomm 4G mobile service SIM cards at a store in Mumbai. (INDRANIL MUKHERJEE/AFP/Getty Images)
JP Morgan in an analysis says the 4G offering by the latest player Reliance Jio is gaining traction and will see its subscriber base double by the end of this financial year.
Speaking about tariffs, the report said that while Jio has released a tariff plan, given that subscribers are not being charged for it, there are some concerns on whether the tariff plans would be adjusted lower when the actual commercial operations are launched in April 2017.
JP Morgan said Jio should seek to maximise average revenue per user, than pricing go for a per-GB data offer. Also, a lot is set to depend on how many of the existing Jio users migrate into "paying" subscribers and at what level of revenues per user.
With inputs from IANS
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