Mukesh Ambani’s disruptive Jio GigaFiber launch may not hurt Bharti Airtel much

After billionaire Mukesh Ambani-led Reliance Jio announced the much awaited commercial roll-out of Jio GigaFiber, global firm CLSA noted that it may have limited impact on Bharti Airtel’s estimates. Analysts say that Bharti Airtel’s offerings can effectively counter Jio’s disruptive plans. Yesterday, Reliance Jio made a commercial debut into India’s FTTH broadband sector with plans as low as Rs 699. Jio’s latest offerings include FTTH high-speed broadband up to 1Gbps, live TV, online gaming, group video calls, and more will be available to Jio Fiber customers across 1600 cities in India. Taking stock of the development, CLSA said that while the TV smartification will adversely impact broadcasters, the new plans will not impact Bharti Airtel’s offerings. Interestingly, Reliance Jio has announced that the annual subscriptions for Jio Fiber Gold, Diamond, Platinum, and Titanium packs will entitle the customers for a free 4K TV set.