Vodafone India and Idea could be the most vulnerable to Jio's plans to push for 50% revenue market share(RMS) by FY2021, analysts and industry experts said.

Vodafone and Idea's relatively smaller on-ground 4G presence coupled with challenges of working around the complexities of their potential merger with possible cuts in CapEx spends over the next 12-to-15 months in the merger lead-up, could be big RMS drags, going forward, analysts said.

In a recent presentation to analysts,Jio — owned by the country’s richest man, Mukesh Ambani — said it aims to corner half of India's mobile RMS and operating margins of 50% by FY2021. 

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