Reliance Jio’s new 5G plans may impact Bharti Airtel’s key metrics- JP Morgan

The launch of cheaper postpaid plans with unlimited 5G by Reliance’s Jio has put rival Bharti Airtel on the back foot in the Indian market and may delay recovery in its key profit metric, JP Morgan analysts said on Thursday.

Jio, the telecoms unit of Indian conglomerate Reliance Industries, launched new postpaid plans last week, starting from 399 rupees ($4.85) that included over-the-top (OTT) packages, forcing Bharti Airtel to roll out similar plans.