Reliance Jio can be declare as the second largest telecom service provider in India if the recent report of TRAI believes ?
Trai’s March quarter financial report puts Reliance Jio’s adjusted gross revenue at Rs 6,218 crore—22% higher than Vodafone India and only 12% lower than Airtel.
Market share of Reliance Jio is 25.6%, less than two years since its launch where as Vodafone and Idea Cellular Ltd have an AGR market share of 21% and 16.6%, respectively.
The overall Telecom industry size has fallen by about 30% based on the above-mentioned AAGR data.