Airtel, Idea and R-Com’s Stocks Tank As Mukesh Ambani Announces Jio Features

Reliance Jio has been thought by many to be a gamechanger in India’s telecom space. At 11:30 am today morning, Reliance CEO Mukesh Ambani announced Jio’s many glittering features to the world. With data priced at an astonishing Rs. 50/GB, and free voice calls, Jio will probably upturn the telecom industry, stocks of rival telecom players – Airtel, Idea, and Reliance Communications – felt the pinch.