SHAIK MOBIN PASHA : Reliance Jio overtakes Vodafone to become second largest telco by revenue in India

Monday, 27 August 2018

Reliance Jio overtakes Vodafone to become second largest telco by revenue in India

Reliance Jio overtakes Vodafone to become second largest telco by revenue in India

By , ET Bureau | 
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Jio would surpass Vodafone India (independently) on RMS in the June quarter was expected, given its strong and sustained growth on this metric.
KOLKATA: Reliance Jio Infocomm is now India’s second-largest telco by revenue market share, dislodging Vodafone India and closing the gap with market leader Bharti Airtel on this score, helped by strong performance in the rural mobile markets and aggressive pricing that has left rivals struggling.

Less than two years since starting 4G services, Mukesh Ambani-controlled Jio’s RMS widened 253 basis points (bps) on-quarter to 22.4% at the end of June, financial data put out by the Telecom Regulatory Authority of India (Trai) showed. Vodafone India’s RMS slumped 175 bps sequentially to 19.3%, while Kumar Mangalam Birla-led Idea Cellular’s share shrank 106 bps to 15.4%. Bharti 
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