Reliance Jio third-largest telecom firm, others up revenue share

According to analysts, revenues of the telecom industry are down by $7 billion annually since the launch of services by Reliance Jio in September 2016

Reliance Jio has become the country’s third largest mobile operator by revenue. However, despite the stunning performance by the latest entrant, others were not far behind.  
 

According to data for the March quarter of FY18 shared by Telecom Regulatory Authority of India (Trai), the market share of Bharti Airtel, Vodafone and Idea expanded and remained comfortably ahead of Jio. 

Jio, however, benefitted from the falling revenue of the fringe players. 

Owing to intense competition and low tariffs, revenues of the telecom industry continued to decline. 

According to a report by UBS, the telecom industry’s adjusted gross revenue (AGR) continued its