Know your world in 60 words - Read News in just 1 minute
Hot Topics

Added on : 2018-10-22 16:52:02

If the strong subscriber addition continues at Reliance Jio Infocomm Ltd, it may soon emerge as the leading wireless telecom company in India. Reliance Jio’s net revenue may have crossed Bharti Airtel Ltd’s wireless revenue in India last quarter, according to analysts at Kotak Institutional Equities Research. If the Reliance Industries Ltd (RIL) unit maintains the momentum, then it may emerge as the largest telecom company as early as the end of 2018. “We expect Bharti Airtel’s net India wireless revenues (reported gross wireless revenues less estimated gross interconnect revenues) to be around ₹87-88 billion for 2QFY19. Reliance Jio’s reported revenues of ₹92.4 billion are net of interconnect revenues as the company adjusts interconnect revenues in the interconnect costs line,” analysts at Kotak Institutional Equities Research said in a note.

Story Of The Day

Headlines

MahaKumbh

POLITICS

India

World

Copyright © 2017 Newz Viewz | Created by Communicators and Developed by Seawind Solution Pvt. Ltd.