Reliance Jio at the cusp of overtaking Vodafone Idea as largest telecom firm

The telecom industry’s revenue may have stagnated, but Reliance Jio’s relentless focus on customer additions has brought it within touching distance of market leadership. The company’s revenue in the December quarter rose 15% sequentially, taking its revenue market share to 29.2%, shows regulatory data collated by analysts at Jefferies India Pvt. Ltd.

If the current trends continue, Reliance Jio will emerge as the market leader in the current quarter (Q4 FY19). After all, its market share has risen by more than 350 basis points in each of the past two quarters, and the difference between Jio and the market leader is now less than 300 basis points, shows Jefferies India data.