- Reliance Jio is now the top operator by revenue market share with 31.7 percent share of the adjusted gross revenue (AGR) that the industry recorded in the April-June period.
- Jio entered and disrupted the telecom sector in September 2016 with low-price data plans and dirt-cheap handsets.
The youngest and the only profitable telecom operator in India, Reliance Jio is now the top operator by revenue market share with 31.7 percent share of the adjusted gross revenue (AGR) that the industry recorded in the April-June period.
Airtel takes up second place with 30 percent market share and Vodafone Idea Ltd. was third with 28.1 percent share as showed by the data from Telecom Regulatory Authority of India released on Tuesday.
“RJio AGR (including National Long Distance calls) rose 9% year on year to ₹109 billion, and finally became the No. 1 operator,” the brokerage said in a note dated 27 August.
With this, India’s richest man Mukesh Ambani adds another feather to his cap with his telecom company ruling the top spot in the market in less than three years of starting the operations which were largely dominated by Airtel, Idea, and Vodafone back then.
Jio entered and disrupted the telecom sector in September 2016 with low-price data plans and dirt-cheap handsets which led to a meteoric rise in the mobile data consumption in the country, with an average user consuming 11 GB data per month.
Airtel’s Adjusted Gross Revenue (AGR) was at ₹103 billion, up 5.9% from December quarter. Vodafone Idea’s AGR (including National Long Distance Calls) stood at ₹96 billion.
Recently, Jio left Rival Bharti Airtel behind in order to become the country’s second-largest operator in terms of mobile phone subscribers. Jio had 322.98 million users and 27.8 percent subscriber market share, against Airtel’s 320.38 million users and 27.6 percent market share as of end-May, According to data from TRAI released last month.
The last three years have been monumental for the telecom industry as 4G coverage soared and became an important element for the growth of mobile data and new applications and services, especially in the content ecosystem. It also saw diminishing revenue streams, intense disruption, bankruptcy, and consolidation at last.
The present subscriber base of Jio is 331.3 million subscribers as per its April-June financial results announced last month when it reported a profit of ₹8.91 billion, up 45.6% year on year and operating revenue of ₹116.79 billion rupees, up 44% on the year.
Vodafone, despite having more subscribers posted revenue of ₹11,269.9 crore in the June quarter which is largely behind Jio’s ₹11,679 crore.
The brokerage said, ” Vodafone’s Average Gross Revenue dipped 4.6 percent Quarter on Quarter to ₹45 billion and five established circles were down 7.3% QoQ to ₹13.9 billion,”
Recently, Over the next 12 months, Reliance Jio will install one of the largest blockchain networks in the world in India, with tens of thousands of nodes operational on day one. Jio is setting up a pan-India Edge Computing and Content Distribution network starting with tens of thousands of nodes: said, Mukesh Ambani.