Jio pips Airtel to claim no. 2 spot in revenue market share

KOLKATA: Reliance Jio Infocomm has become a strong No. 2 in India by revenue market share (RMS) in the January-March quarter, racing ahead of Bharti Airtel, while Vodafone Idea managed to keep its No. 1 spot with its RMS rising for the first time after 10 quarters of decline, analysts said.

Jio reported a 182 basis points sequential jump in RMS in the March quarter to 31.7%, while the Sunil Mittal-led telco’s slumped 285 bps to 27.3%. Market leader Vodafone Idea, in turn, reported a modest 57 bps sequential rise in RMS to 32.2%, brokerage Emkay Global said in a report analysing financial data collated by the Telecom Regulatory Authority of India (Trai).