Jio’s manic pace is slowing. Is the telecom market nearing stability?
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A Jio hoarding at a bus stop in Mumbai on March 7, 2017
Synopsis
Jio has outperformed the incumbents on key metrics year on year, but probing a level deeper reveals a very different picture. From subscriber additions to ARPU to net profit, Jio’s march is slowing down, even as the old guard shows nascent signs of a fightback.
Jio declared its numbers for the fourth quarter of FY19 last week. Among observers of Indian telecom, Jio’s results are treated with all the pomp and frenzy of the Oscars. Indeed, in results season, the overwhelming narrative across the industry has been that there can only be one winner across categories. Jio. However, while it is widely reported how Jio bullied and outperformed its competition by belting out unmatched performance over key
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