Shares of telecom incumbents such as Bharti Airtel, Idea Cellular and Reliance Communications nosedived up to 9 per cent on Thursday, as challenger Reliance Jio priced data tariff for its services at as low as Rs 50 1GB 4G

While Mukesh was announcing Jio launch, Sunil Bhart Mittal and Kumar Mangalam Birla were helplessly seeing investors(people or businesses who give money to help start businesses) dumping Bharti Airtel and Idea stocks. Both lost market cap of over Rs 13,800 crore.

Mukesh Ambani's 45-minute verbalization cost Bharti, Conception Rs 13,800 crore
Affirmative! You read it right !!

Mukesh Ambani Full Speech At Reliance JIO 4G Launch watch here.. 

Share price of Airtel and Conception fallen down like never afore. Market analysts presage that 35 million customers will shift to Jio in the next 15 months. Voice calls absolutely free for Jio customers. Rs.50 per GB for mundane users and ₹18 for light users per month. !!!

Tariff war commenced : Customers ecstatic

We all reprehend the Sizable voluminous Giant Reliance for their mazuma making strategy but who cares now. They have already distributed for the prevalent customers who were looted by the telecom bellwethers.

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