Thu. Mar 28th, 2024
Kumar Mangalam Birla

Reliance Jio has created a revolution since its launch time. The company’s major policy of providing free services to the customers has attracted many people. While it has costed other companies too. Customers are shifting their mobile services to Reliance Jio to avail these free and low offers. To criticize this Kumar Mangalam Birla of Idea has made a statement.

Birla said that Reliance Jio has caused “unprecedented disruption” in the telecom industry by offering free services to the customers but he hoped that the telecom industry will overcome this problem and will attain a growth till the end of 2018. He also added that “It has been a ‘Period of Telecom Discontinuity’, permanently changing mobility business parameters”. While addressing a letter to his shareholders he wrote, “flourishing telecom industry witnessed a 2 per cent decline in annual revenues in 2016-17 fiscal”.

To overcome this problem, Idea has merged with Vodafone to create India’s largest telecom operator. While stating for this collaboration Birla said,”The combined company would become the leading communication provider in India with about 400 million customers, 35 percent customer market share and 41 per cent Revenue Market Share”. He is confident that this collaboration will prove beneficial to him.

By Bharat