RJio becomes second largest telco by revenue, adds most subscribers in June

Reliance Jio has surpassed Vodafone India to become India's second largest telecom operator by revenue market share, according to a report by the Telecom Regulatory Authority of India

Reliance Jio Infocomm, a Mukesh Ambani-owned telecommunication service provider, has surpassed Vodafone India to become India’s second largest telecom operator by revenue market share, according to a report on financial data released by the Telecom Regulatory Authority of India (Trai) for the second quarter of 2018.

A recent report by Crisil also highlighted that the profits of the top three incumbent telecom firms - Airtel, Idea and Vodafone - have halved in the past three years with a 1,000 bps plunge in operating margins, and a recovery is seen only from FY20 when consolidation in the industry is complete.

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