Ambani's Jio Set to Roil Broadband After Jolting Wireless Rivals
- Competition may move from wireless to broadband with Jio entry
- Broadband service expected to start by March 2019, CLSA Says
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Billionaire Mukesh Ambani’s plan to roll out broadband internet services to Indian households this year under Reliance Jio Infocomm Ltd. has the potential to alter the segment’s competitive landscape, credit rating company S&P Global Ratings says.
The new service may add $5 billion to parent company Reliance Industries’ valuation, according to CLSA India. The brokerage firm anticipates a 40-billion rupee ($611 million) boost to Reliance’s earnings before interest, taxes, depreciation and amortization in three years on the back of the plan.