comscore Reliance Jio is now India’s second largest telecom operator by revenue
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Reliance Jio is now India’s second largest telecom operator by revenue

The Mukesh-Ambani led company has taken over Vodafone India.

  • Published: August 27, 2018 10:12 AM IST
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Reliance Jio s rise in the Indian telecom space can be considered nothing short of spectacular. The Mukesh Ambani-backed company took the competitors by surprise, forcing them to completely revamp their offerings in order to keep up with Reliance Jio s lucrative combo data-voice packs. Also Read - Qualcomm a key player in upcoming Reliance Jio-Google's low-cost Android smartphone

Also Read - Airtel is offering free 6GB data coupons on prepaid recharge plans: Here's how to get

Now, almost two years after it arrived on the scene, Jio has taken over Vodafone India as the country s second largest telecom operator by revenue market share, inching ever so closer to market leader Bharti Airtel. This growth can be largely attributed to Jio s strong performance in India s rural markets, where its affordable data-voice offerings have left rivals struggling to keep up. Also Read - Airtel vs Vi vs Reliance Jio: Best Prepaid Plans under Rs 250 with extra data benefit

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According to a report by Economic Times, Jio s RMS (Revenue Market Share) increased by 253 basis points on-quarter to 22.4-percent at the end of June, based on data released by the Telecom Regulatory Authority of India. At the same time, Vodafone India s RMS went down 175 basis points to 19.3-percent, and Idea Cellular s RMS plunged 106 basis points to 15.4-percent.

As per Economic Times report, Jio also reported a 14-percent surge in its Adjusted Gross Revenue (AGR) to Rs 7,200 crore in the quarter that ended in June, while Vodafone India and Idea Cellular reported slumps of 7.1-percent and 5.2-percent to Rs 6,000 crore and Rs 5,200 crore, respectively.

Reliance Jio was recently ranked as the top company globally on Fortune s Change The World list, ranked companies using the profit motive to help the planet and tackle social problems.

If access to the Internet is a basic human right and the United Nations declared it one in the summer of 2016 then Reliance Jio deserves more credit than most for expanding access to it, Fortune said.

For the latest tech news across the world, latest PC and Mobile games, tips & tricks, top-notch gadget reviews of most exciting releases follow BGR India’s Facebook, Twitter, subscribe our YouTube Channel.
  • Published Date: August 27, 2018 10:12 AM IST



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