Jio Effect: Idea to be Sold out?

jio idea war

Reliance Jio created a huge sensation across the tele-communication field in the country. The promotional offer impressed the people big time and it got 50 million subscribers in just 90 days. Mukesh Ambani even revealed that the offer has been extended for a period of 90 days more which has been making the other networks sleepless. Already the leading networks, Airtel and Vodafone have been struggling to prevent their existing subscribers from porting out to Jio.

As per the latest news, Idea which failed to get new subscribers in the recent times is in plans to sell out the major share to a Malaysian based company named Oxiata. They are in talks with the company from sometime and Idea believes that they can sustain in this tough competition now. Idea is in plans to give out 20% of their share to Oxiata and the deal is said to be closed soon.

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