How Airtel survived against Jio?

Once Jio was forced to increase its rates, Airtel adjusted its rates too and then there was little difference. This bet by Airtel on quality has also bought it more quality users who are willing to spend. When it comes to data consumption Airtel’s users consume 16 GB a month per user and 1,005 min a month per customer.

How does Airtel react to Jio?

Airtel has reacted to Jio’s bundling offers with its ‘Mera Pehla Smartphone’ program, which now offers Rs 6,000 cash back for customers who purchase a smartphone priced up to Rs 12,000. In a statement Friday, Airtel said its offer aims to make it easier for more Indians to upgrade to quality smartphones.

Is Jio taking over Airtel?

Bharti Airtel on Friday announced the closure of its agreement with Reliance Jio Infocomm to transfer the ‘Right to Use’ of Airtel’s 800 MHz spectrum in three circles to the Mukesh Ambani-led firm. Airtel said in a statement it has received Rs 1,004.8 crore (net of tax) from Jio for the proposed transfer.

Is Jio falling down?

Reliance Jio’s last quarter in numbers Jio also witnessed a slump in its revenue during the quarter, falling to ₹18,278 crore as compared to ₹19,475 crore in the quarter before. This is a fall of 5.3\%. Data traffic saw an increase of 5.2\% compared to the previous quarter.

Why is Airtel in debt?

Mittal said while 35\% of the telecom industry’s revenue goes to the government in taxes and levies, the firms are loaded with an extraordinary debt of adjusted gross revenue (AGR) dues and spectrum payments.

Is Airtel declining?

Bharti Airtel shares declined 2.8 percent, falling as low as Rs 743.90. Compared to Airtel’s subscriber base of 35.44 crore in September, Vodafone Idea’s subscriber base has come down to 26.99 crore.

Is Jio cheaper than Airtel?

Jio noted that it continues to provide the lowest tariffs despite the 20 per cent increase in tariffs. There is not much of a difference between the prepaid plans in Airtel and Vi. However, Jio’s plans are relatively cheaper than Airtel and VI, which was also the case before the hike was announced.