July 6, 2018 / 5:17 AM / 9 months ago

BUZZ-India's Reliance Ind fibre broadband entry: pricing clarity awaited

** Reliance Industries unveiled its fibre broadband system JioGigaFiber at its annual general meeting (AGM) on Thursday in a push to make deeper inroads into the country’s wireless and fixed-line internet industry

** Reliance JioPhone 2, now priced at 2,999 rupees ($43.55), will be available from Aug 15 and targets 100 mln users for it

** Goldman Sachs analysts say lack of clarity on exact launch timeline and tariffs of fixed-line services could suggest limited near-term impact on home broadband/DTH players

** “Unlike the previous two AGMs of RIL, we believe the overall impact of this year’s announcements are likely to be less severe for telcos vs prior years” - GS

** Jefferies says that for Jio to expand the market for JioFiber, pricing will need to be aggressive and “roll-out will likely be gradual as last mile connection takes time”

** CLSA says amid renewed risks of subscriber churn, Bharti Airtel’s ability to drive adoption of data will be key to its ARPU recovery; Vodafone-Idea Cellular Ltd also face similar risks

** Reliance Industries shares up 1.6 pct while Airtel down 0.7 pct and Idea Cellular up 0.8 pct

** Rival broadband providers tanked for second session with Hathway Cable and Datacom Ltd down 8.5 pct and DEN Networks Ltd down 6.2 pct ($1 = 68.8600 Indian rupees)

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