With general elections nearing, mobile tariff may not rise, says report
Updated : November 22, 2018 05:32 AM IST
The analyst report of Bank Of America Merill Lynch (BoFA ML) said that it believes Mukesh Ambani-led Reliance Jio is unlikely to raise rates till it achieves a subscriber base of 400 million.
The analysts felt that Jio will continue to dominate 4G segment for next 6-12 months which will be driven by its "network advantage and continued momentum in the 4G feature phone segment".
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