Is Reliance Jio already the second largest telecom firm in India?
6 years, 7 months ago

Is Reliance Jio already the second largest telecom firm in India?

Live Mint  

The Telecom Regulatory Authority of India’s financial report for the March quarter puts Reliance Jio Infocomm Ltd’s adjusted gross revenue at ₹ 6,218 crore. Vodafone and Idea Cellular Ltd, both of whom had a head start of about two decades over Reliance Jio, had an AGR market share of 21% and 16.6%, respectively. Based on estimates of Kotak Institutional Equities, after making these adjustments, Reliance Jio’s market share stands at 20.7%. Based on this so-called AAGR data, Reliance Jio has a market share of 20.4%, which is not much lower than Vodafone’s 21.5%.

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