Ambani's announcement triggered declines in rivals' shares, paring $1.8 billion off the market value of Bharti Airtel Ltd and Idea Cellular Ltd. At Airtel, the market leader, voice calls account for about 70% of wireless revenue in India, the world's largest mobile services market after China. But they are already established players and they can give a good fight to Reliance Jio, which is a newbie in this business." Ambani has said he plans to provide improved mobile phone services and help transform India's digital ecosystem. The top three operators together control about 60% of the Indian mobile market by users.

Source: Bangkok Post September 01, 2016 20:15 UTC