Jio’s new post paid plans won’t start ‘tariff war’: Goldman

NEW DELHI: The pessimism around Reliance Jio’s latest postpaid offer impacting rivals Bharti Airtel and Vodafone Idea (Vi) is unwarranted as it does not signal new “tariff war” between the telcos and does not rule out the possibility of prepaid tariff hikes within this year, brokerage firm Goldman Sachs believes.

Jio, on Monday, launched Rs 399 postpaid bundled offer with OTT subscription, higher than its already existing Rs 199 postpaid plan.

Airtel and Vi’s stock closed down 8% and 10% respectively on BSE on Wednesday while the benchmark index remained flat, as inventors feared a key impact on their postpaid revenues and taking it as a signal that prepaid tariffs, critical for both telcos, might not go up.