The Indian telecoms giant, Reliance, is offering smartphone users what it says is the cheapest mobile data network in the world.
Sanchit Vir Gogia, Chief Analyst and CEO at Greyhound Research, said he was worried about Jio getting a monopoly in the market.
“One business house having controlling stakes in start-ups, content and even in telephony, mobile and broadband services – that does worry me. And it should worry the regulators as well.”
Mr Gogia said India was an open market and needed at least three to five players for prices to normalise in the future.