Vodafone Idea stock investors. The message, analysts said, is: the wait for tariff hikes can be prolonged.
Jio along with Reliance Retail has rolled out its ‘New JioPhone 2021’ offer starting March 1 in a bid to upgrade 30 crore 2G subscribers to 4G services. The news should worry Vodafone Idea s investors more than Bharti Airtel s, analysts said.
New users under this scheme will be provided a JioPhone device along with unlimited voice calls and data of 2 GB per month for one year at Rs 1,499, and for two years at Rs 1,999. Existing users can opt for the same, unlimited service for one year at Rs 749. The move is seen targeting bottom-of-the-pyramid subscribers.