Vodafone Idea continues to lose market share to Reliance Jio, Airtel as sector moves towards duopoly

Vodafone Idea continues to cede market share to Reliance Jio and Bharti Airtel, signalling that the sector is fast moving towards a duopoly.

As per financial data shared by the Telecom Regulatory Authority of India (Trai) for the April-June 2020 period, the adjusted gross revenue (AGR) of Vodafone Idea declined 22% to Rs 8,567 crore compared with Rs 10,916 crore in the preceding January-March quarter. In contrast, for the same period, AGR of Reliance Jio rose 12% to Rs 15,369 crore from Rs 13,661 crore, while that of Bharti Airtel increased by 5% to Rs 12,825 crore from Rs 12,165 crore.