The great Reliance Jio juggernaut seems to be losing steam. For a company that has publicly targeted a 500 million mobile subscriber base, its results last week disappointed analysts and the market, with the share nosediving since. Net mobile subscriber additions (new subscribers minus those who left the network) in the third quarter of FY 21 grew a mere 5.2 million, slowing considerably from 6.9 million in Q2, when rival Bharti Airtel took the top slot for the first time since Jio’s launch. And it is far behind its dream run in the previous four quarters (see chart).
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.
Already a premium subscriber? LOGIN NOW
What you get on Business Standard Premium?
- Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
- Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
- Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
- Pick your 5 favourite companies, get a daily email with all news updates on them.
- 26 years of website archives.
- Preferential invites to Business Standard events.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Thu, January 28 2021. 06:10 IST