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Reliance Jio can acquire 80 mn 4G users in 2 years: CLSA

January 15, 201632 CommentsDaily NewsBy wp-admin

Reliance Jio Infocomm is slated to acquire 80 million 4G customers in the next two years, with more than half expected to switch over from India’s top three carriers, Bharti Airtel, Vodafone India and Idea Cellular, brokerage CLSA said Tuesday.

The anticipated 4G boom will lead to a trebling of data revenue to Rs 80,300 crore (about $12 billion) over the next two years, with Airtel, Vodafone and Idea commercially launching the faster wireless Internet service and newcomer Reliance.

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