Vodafone CEO: Regulations against all but Reliance Jio

British telecom giant Vodafone has alleged that in the last two years there were many regulatory outcomes which worked against the whole telecom industry in India except Reliance Jio.

The comments by Vodafone chief executive officer Nick Read was in response to questions by journalists regarding his views on regulatory and policy regime in India.

Ever since the entry of Reliance Jio, which disrupted the whole telecom industry with free voice and cheap data offerings, the incumbents have faced financial stress. In fact it was because of the heightened competition that Vodafone India and Idea Cellular merged to remain competitive.