Reliance Jio free services to impact telecos Q4 FY'17 earnings:

 Moreover, the RJio's extended free services for prime members till June, may also continue to keep the performance of telecom companies muted for the first quarter (April-June) of the current fiscal, according to ICICI Securities' latest earnings preview of the sector. Billionaire Mukesh Ambani's Reliance Jio on March 31 announced it had notched an unprecedented 72 million paid subscribers, and extended its deadline to April 15 for migrating other subscribers to its paid offer. It had further sweetened the deal by announcing a 'complimentary offer' for three months to those who pay Rs 303 prior to April 15, thus offering data at rock-bottom prices. Paid tariff plan will kick-in only in July. Jio launched the inaugural free voice and data plan in September last year, and in December extended the freebies till March 31, 2017, much to the ire of other operators who alleged that such freebies not only hit their profitability and disrupted the market but were also against the regulations. 

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