Jio may capture nearly half the Indian telecom market by FY25: Bernstein

Jio's market share is expected to rise from 36 per cent in FY20 to 40 per cent in the current fiscal and to 48 per cent in FY25, it said

Mukesh Ambani's Reliance Jio is likely to capture 48 per cent of Indian mobile subscriber market share by 2025 with over half a billion users, Bernstein said in a report on Wednesday.

"At our last model update in December, we proclaimed Reliance Jio the new king of Indian telecommunications. Since then, we have seen a multitude of international investors reach the same conclusion," the analyst said in the report.

Facebook kicked-off the party, investing Rs 43,573.62 crore to secure 9.99 per cent stake. This was closely followed by a further Rs 60,753.33 crore in investment spread across eight different private