Reliance Jio going to be the No.1 telecom operator by 2021

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.

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