Mukesh Ambani led Reliance Jio has overtaken the revenue earned by another telecom operator Vodafone. Report Says Reliance Jio Crossed Vodafone’s Revenue. Reliance Jio ranks second in terms of revenue according to Revenue Market Share (RMS).
Report Says Reliance Jio Crossed Vodafone’s Revenue
Jio’s pricing technique and focus on rural areas have helped the company to jump to the second position very fast. With this leap, Jio has jumped close to Bharti Airtel. Trai broke the news which reported that Jio’s RMS went up by 253 basis points (bps) one-quarter to 22.4% at the end of the quarter ended June. Reliance Jio tops the market with a 31.7% revenue share.
“Bharti gained market share at the cost of Vodafone Idea (VIL),” ICICI Securities said in a report, analyzing Trai data.
Jio’s vs Vodafone: The Biggest Fight In Industry
Once there was a time when India had a roaring telecom industry with dozens of operators fighting to occupy the industry with maximum share. Three years ago Reliance Jio entered the market of the telecom industry and introduced some record low tariffs for their customers. This led a battle in the industry to start off.
Reliance Jio’s brutal offers kicked many operators out of this competition to provide wireless communications. Today only two company competes with Mukesh Ambani led telecom operator Jio. One is Bharti Airtel and another is Vodafone Idea.
Some days back, Jio became the second-largest operator surpassing Airtel. But Vodafone tops the list in terms of the number of mobile subscribers it has.
Jio’s Market Share:
“Jio commands the No 1 position in 13 circles and continues to enjoy a strong position in the `B’ and `C’ circles (small towns and rural markets), but its RMS expansion has been restricted in the June quarter due to a 45% sequential fall in its national long-distance or `NLD’ service revenue to Rs 80.7 crore,” Naval Seth, telecoms analyst told at Emkay Global.
Reliance Jio vs Airtel vs Vodafone
The youngest telecom operator Reliance Jio has overshadowed its rival with a 46% jump in the bottom line at 891 crores with 25 million more mobile users with strong data usage all over India.
By contrast, Airtel and Vodafone Idea incurred heavy losses of Rs 2,866 crore and Rs 4,874 crore, respectively, in the April-June period. But Airtel’s revenue grew sequentially, compared with Vodafone Idea’s decline, highlighting the merged company’s challenges