Will Reliance Jio onslaught continue against telecom rivals in 2019?
The telecom sector was abuzz this year. Newcomer Jio crossed 200 million subscribers, the department of telecom came out with a new policy – National Digital Communications Policy 2018 – that has set a list of futuristic goals for the stakeholders, including attracting investments of $100 billion in the next four-five years and creating 4 million new jobs. The next year is going to be crucial as several emerging technologies such as 5G, M2M, IoT, AI and VR are going to make their way in a big way. And who knows, there could be more consolidation in the sector given that incumbents continue to bleed. It all depends on how long they can continue to operate in an adverse market scenario.