Is the Jio-Facebook deal bad news for Bharti Airtel and Vodafone Idea?

Is the Jio-Facebook deal bad news for Bharti Airtel and Vodafone Idea?

R. Sree Ram and Mobis Philipose

For now, investors seem enthused about the mega deal between Facebook Inc. and Jio Platforms Ltd and its implications for India’s telecom industry.

While shares of Jio’s parent, Reliance Industries Ltd, have risen by over 10%, even the stocks of Bharti Airtel Ltd and Vodafone Idea Ltd were trading higher. “Premium valuations and massive investments in Jio Platforms is sentimentally positive for Bharti and Vodafone Idea for future investments by other players, if any,” analysts at Dolat Capital Market Pvt. Ltd said in a note.