In a special analyst meet at the Reliance office in Vashi, Mumbai to showcase the capabilities and present management views on Jio, the executive team said that
Jio can obtain 50% revenue market share of the Indian Telecom Industry and more than 50% EBITDA margins by 2020. Jio believes industry revenues will shift from voice to data, telecom revenues can grow from c.Rs.2tn now to c.Rs.3tn in a few years and up to 400 mn users have the capability to pay more than Rs 500 per month.
As per the company, Rs. 1,000bn of revenues will shift from voice to data revenues. Jio believes that industry will continue to grow to Rs 3,000bn by 2020-21. Further, it expects Indian to consume 5-6bn GB, equivalent to 1.35-1.6% of GDP. Jio believes that growth will be strong for industry over the next 3-4 yrs led by a data boom, and it has created capacity to serve 60% of this demand.
Jio has built World's largest all IP network and is very optimistic about its projections.
