The report said download speed of Reliance Jio 4G service was impressive but "it is still an empty network". It also found urban coverage of RJio network at par with incumbents but remarked rural coverage as "poor".
"We experienced peak download speed of 70 Mbps during our trials, and on most occasions in the 15-30 Mbps range, even on the move," a report by Credit Suisse Research Analysts Sunil Tirumalai and Chunky Shah said.
The report compared commercially launched 4G service of telecom major Airtel and beta network of Reliance Jio and found "Airtel 4G giving 10-20 Mbps, often slower than Jio, and 3G network speeds of sub 2Mbps (peak 7 Mbps)."
Analysts found urban coverage of RJio network at par with incumbents but remarked rural coverage as "poor".
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During trials analysts experienced call drop-free RJio network in Mumbai but lost signal 3-4 times when they entered on village roads.
"Overall, our take away is that the Rjio network is turning out to be as strong a threat to incumbents as we had feared. Next focus would be on pricing and marketing execution," the report said.
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Credit Suisse analysts said that the speeds will fall once a commercial launch happens and more users get on to the network but globally 4G has delivered better speed than 3G services.
The company has matched up with incumbents on coverage in urban area but there is not much rural focus.
Commenting on handset availability for RJio's 4G service, the report said that ZTE is making RJio's LYF branded 4G handset and some handsets of Samsung, LG, Lenovo and ZTE also supported VoLTE calls.