Jio will continue to remain disruptive: Jefferies

Investment banking firm Jefferies on Wednesday reportedly said that Reliance Jio would remain disruptive as it has 72 million subscribers enrolling for prime membership till March 31. "This subscriber retention is well above the recent expectations of 50 million that were being built in. This will lend confidence in the ability of Reliance Jio to monetize services and challenge incumbents," Jefferies stated.

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