Jio’s run-rate may take it to No 1 in 2019: Bernstein

Over the next 12 months, Reliance Jio is expected to reach the top position on both subscriber and service revenue metrics and it expects to surpass Vodafone Idea service revenues in FY 19-20, according to a report by Bernstein.

But the report also warns that the aggressive push to be number one comes at a heavy cost and and some strategies need to be changed to become profitable in the long run.

“Over the next 12 months, we expect Jio to reach number one on both subscriber and service revenue metrics. On a service revenue basis, Jio passed Bharti in Q3. We expect they will also pass Vodafone Idea in FY 19-20,” the report said.

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