Reliance Jio Overtakes Vodafone To Become 2nd Largest Telco in India by Revenue

Jun. 28, 2018

Having taken the Indian telecom market by storm since its entry,Reliance Jiohas now gone pastVodafoneto become the second largest telecom service provider in the country by ‘access service gross revenues’, according to data published by the Telecom Regulatory Authority of India (TRAI). The company hadearlier overtaken Ideato become the third-largest telecom operator in the country.

It is worth noting here that Jio will move back to being number three once theVodafone-Idea mergergoes through, creating a new market leader that will be bigger that Airtel both in terms of revenues, as well as subscribers. As of now, Jio remains the fourth-largest carrier in the country in terms of subscribers, having hit the 200 million mark last month. Airtel is the market leader on that front as well.

The advent of Reliance Jio has forced all the incumbent telecom operators in the country tooffer more pocket-friendly plans, bringing high-speed internet to the masses like never before. While that has reduced the industry ARPUs (average revenue per user) drastically, it has had atransformational effectfor large sections of the Indian population who had to pay disproportionately high prices for trivial amounts of data before Jio hit the market.

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