Mukesh Ambani, is a great businessman. He knows how to win, he doesn't care about short term losses for long term profits. This is what made him the best.
Currently Reliance Jio is giving what other fails to give. Every Airtel, Idea, Vodafone and BSNL user has one Jio sim either in the same phone or a seperate one. This quarter Jio made profit of ₹504 Cr. Ambani's new technique is working, it is killing it's competitors.
Airtel was trading around ₹500 and now ₹440 that's a huge drop and if Airtel doesn't come up with a plan it can drop more and more.
Airtel is also in high debts. And also avoid losses somehow. Dear investors be careful with your investment.
Once a gaint always a gaint doesn't apply in today's world. Airtel may face the pain of Nokia and RCom
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