SINGAPORE (July 13): Singapore Telecommunications’ regional associates have given investors some grief of late.

Airtel has been losing market share to Reliance Jio Infocomm, a new telco backed by Reliance Industries that has been driving down prices since entering the Indian market in 2016.

Jio has driven up data consumption in India from 239MB to 2.5GB a month on average, says Neil Shah, research director of devices and ecosystems at CounterPoint Research.

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