Reliance Jio announcing aggressive offers.customers reaction Wow.Great.! .
But the capital markets reacted negatively.Huge pressure on top line and profits would be faced by all telecom operators
Idea down 10% , Bharti down 6% , Vodafone will have to rethink on its IPO plan.
The question for financial management is what lies ahead.
I believe it would lead to consolidation ( Merger & Acquisitions) in Telecom sector.smaller companies will have to go down under or merge with larger firms.only 3-4 firms will remain.
Watch out this sector for M& A activity.there would be interesting changes in this sector. which will bring new telecom revolution.