Jio's aggressive strategy, launch of low-cost smartphones

"Jio’s aggressive strategy, new JioPhone offers and the impending launch of low-cost smartphones are likely to help regain subscriber momentum, according to a report.
Near-term delay in tariff hike does not de-rail the long-term structural uptrend story in average revenue per user (ARPU), as any consolidation scenario could further boost Jio’s subscriber addition, said a recent note by JM Financial."

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