If the December quarter was bad for the telecom sector, the March quarter could be worse. The full impact of Reliance Jio (RJio) will be felt from the latter, as people were still trying its service and the size grew to peak levels towards the end of calendar year 2016. Companies are likely on every parameter — realisations, volumes, revenues, margins, debt — to report numbers at multi-year lows or peaks. Here are five things in the March quarter which stand out: ARPU in, all other metrics out: The launch of free offers and attractive packages has made a ...
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