“While M&A newsflow has helped telco stocks, we see no let down in Jio's competitive aggression which is likely to determine earnings for next couple of years,†said Credit Suisse in its note to clients.
With the consultation paper, TRAI aims to bring more clarity in interpretation of its principles as the existing features are not well defined in the tariff order.
To counter competitors, state-run BSNL today announced a national unlimited 3G mobile data plan for Rs 1,099 and doubled the data usage limit in some existing plans.