Jio has already the telecom industry in India to the extent that in the last 3 years since its launch Jio has reduced the number of players in the telecom market, with rest of the players either merging or selling out. Jio has also forced price competition in the voice and data market to the extent that the three telecom companies have seen a sharp fall in the average revenue per user (ARPU). While 5G may take a much longer time to stabilize considering that India is currently struggling with 4G, this is surely likely to make the entire industry a lot more competitive. Here is what you need to know.

The industry has already seen a consolidation so the scope for any further reconsolidation is very limited. To that extent, the existing players will be able to sustain in this market provided they do not allow the ARPUs to fall too low.
Unlike Bharti Airtel and Vodafone Idea, Jio is already making the best of record profits on its refining and petchem business, which is going in to fuel the data segment. Jio holds the advantage of managing the complete ecosystem in telecom including internet, data, high-end mobile computing, entertainment, content, and a library.

Bharti Airtel is in a better position than Vodafone Idea as Bharti has not been making big losses to the extent of Vodafone. On average, Vodafone has been booking losses to the tune of Rs.5000 crore reach quarters. 
Bharti has a first-mover advantage in the telecom sector. It has been recently able to leverage on its African subsidiaries to create a war chest. The bottom line is that while Financials will continue to be under pressure, Bharti will have an advantage over Vodafone due to its African properties and better numbers.