You are here: Home » Companies » News
Business Standard

Reliance Jio overtakes Bharti Airtel to become India's 2nd-largest operator

Jio has disrupted the telecom industry in the country since it was launched in 2016

Reuters  |  BENGALURU 

reliance jio
Reliance Jio

Reliance Industries Ltd's telecom unit Jio pipped rival to become India's second-largest operator by subscribers as of May, government data showed.

Jio, controlled by Asia's richest man Mukesh Ambani, has disrupted the telecom industry in the country since it was launched in 2016, offering cheap bundles and prompting shutdowns.

As of the end of May, the operator had added 8.2 million users since April to end the month with 323 million wireless customers, data from the Telecom Regulatory Authority of India, showed. The data was published on Friday.

Both Vodafone Idea, which was the top operator with 387.6 million customers, and lost users over the month.

Reliance Industries is expected to post quarterly results later in the day. The company has been betting big on the unit as it diversifies from its core oil and gas operations.

First Published: Fri, July 19 2019. 13:56 IST
RECOMMENDED FOR YOU