In a presentation to investors, telecom operator Reliance Jio says that the industry is headed for a “revenue transition” from voice to data within the next 1-2 years. Jio estimates that voice revenue share will reduce from Rs 1.5 lakh crore to Rs 0.5 lakh crore, boosting data revenue share up to Rs 1.3 lakh crore. The Mukesh Ambani-led telecom company added that overall revenue of the industry might grow up to Rs 3 lakh crore by 2020 due to rising demand for data. Jio said in the presentation that the demand for data could grow up to 5-6 billion GB a month by 2020. “At a yield of Rs 50/GB it translates to Rs 3.0 - 3.6 lakh crore/year,” the telco mentioned. Post launch of Jio, rival operators including Airtel, Idea, and Vodafone posted a steep decline in data revenues,…
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