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Reliance Jio likely to be loss making at EBITDA-level fir first two years: Fitch

Reliance Jio is likely to be loss making at the EBITDA (earnings before interest, taxes, depreciation, and amortization) level for the first two years, and it will face large initial costs, while its subscriber growth will be constrained by the lack of penetration of 4G-compatible handsets, ratings agency Fitch said in a note. Fitch also reckoned that Jio is unlikely to win more than 20-30 million subscribers and 3%-4% revenue […]

from Telecom Talk http://telecomtalk.info/jio-likely-to-be-loss-making-at-ebitda-level-fir-first-two-years-fitch/156895/

via: http://telecomtalk.info/jio-likely-to-be-loss-making-at-ebitda-level-fir-first-two-years-fitch/156895/

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