Jio, Airtel to gain market share over Vi over time: Analysts

Reliance NSE 0.31 % Jio and Bharti Airtel, who have bought ample amounts of 5G airwaves in the just concluded auction, are set to make strong revenue and subscriber market share gains over time at cash-strapped Vodafone Idea’s expense after they launch 5G services later this year, say analysts.

They, though, said the market share gains for Jio and Airtel would be gradual as the 5G devices ecosystem and use cases are still evolving. But they expect Vi to face accelerated customer churn by October 2023 – around a year after 5G commercial rollouts in India — if the loss-making fails to quickly close its long-pending Rs 20,000 crore fundraise and beef up its 5G play in its priority markets.