Reliance Jio losses triple after months of freebies

Disruptive Indian operator Reliance Jio Infocomm has revealed its losses for the last six months were three times greater than the same period a year ago.
This is hardly surprising as, since its launch last September, Jio has been giving most of its service away with a classic ‘freemium’ strategy aimed at creating a massive installed-base first and then worrying about how to monetize it later. This resulted in Jio taking just 170 days to acquire 100 million subscribers, 72 million of