Reliance Jio set to become India’s No. 1 telecom player by revenue

Bharti Airtel Ltd, which was India’s largest operator till a year ago, will announce its June quarter earnings on Thursday, but the day will be more significant for its arch rival Reliance Jio Infocomm Ltd, which is expected to be crowned the number one telco.

With Bharti’s revenue unlikely to exceed that of Reliance Jio, India’s richest man Mukesh Ambani will have achieved a rare feat with his telecom company grabbing the top spot in the market in less than three years of starting operations.

Last week, Jio, for the first time, surpassed Vodafone Idea Ltd in terms of operating revenue. Despite more subscribers, Vodafone Idea, which posted revenue of ₹11,269.9 crore in the June quarter, lagged behind Reliance Jio’s ₹11,679 crore.