3 years after launch, Jio becomes No.1 telco by user base, revenue

NEW DELHI : Reliance Jio Infocomm Ltd is now the number one telecom operator in India by both subscriber base as well as revenue market share, achieving the feat in just more than three years of starting operations.

The company led by billionaire Mukesh Ambani added 5.6 million mobile subscribers in November, taking its total user base to 369.93 million, and replacing Vodafone Idea Ltd as the India’s largest mobile services provider by subscribers, showed data released by the Telecom Regulatory Authority of India (Trai) on Thursday.

With this, Jio holds a 32.04% share in the more than 1.15-billion-user Indian mobile services market. It had a 30.79% market share at the end of October. Unlike its rivals, Jio’s user base comprises entirely of 4G subscribers.