Reliance Jio Infocomm Limited, (Jio) is an Indian mobile network operator. Owned by Reliance Industries and headquartered in Navi Mumbai, Maharashtra. It operates a national LTE network with coverage across all 22 telecom circles.
Reliance Jio Infocomm Ltd, the mobile operator backed by India’s richest man Mukesh Ambani, could be No 1 in the market in revenue terms by 2021 as it adds more subscribers, said Sanford C Bernstein & Co analysts Chris Lane and Samuel Chen.
Bernstein lowered its price targets for Bharti Airtel to Rs 450 a share and Vodafone Idea to Rs 40 a share. Bharti Airtel fell 2.1 percent to Rs 297.45 as of 10:59 am in Mumbai. While Vodafone Idea dropped 1.9 percent to Rs 33.15. The S&P BSE Sensex declined 1.7 percent.