Jio only telco to gain RMS in Q1 at Voda Idea cost: BNP

Reliance Jio is the sole telco to have gained revenue market share (RMS) in the fiscal first quarter, largely at the expense of loss-making Vodafone Idea NSE 0.00 % (Vi) which ceded further ground to its stronger rivals, analysts said.

Jio gained 30 basis points (bps) sequentially, taking its RMS in the fiscal first quarter to 43.3% while Bharti Airtel NSE -0.11 %’s was flattish at 36%, said experts, analysing first quarter revenue numbers of the top private carriers.