Jio & Airtel to have combined revenue market share of 70% by FY2025

Mumbai: Reliance Jio Infocomm (Jio) and Bharti Airtel will grab 47% and 31% revenue market share respectively by 2025 while rival Vodafone Idea (Vi) will own 20%, said brokerage firm Bernstein. The brokerage firm says pricing status quo is no longer necessary for the industry and the three telcos and the government’s relief to the debt laden sector will be the fillip needed for the trio to up their tariffs.

“We expect further consolidation of the market by 2025 with revenue share of Bharti ~31% & Jio ~ 47%. Jio revenue share expected to reach 47% and subscriber share to reach 48%,” said Bernstein on Monday.