Reliance Jio to capture 48% market share by FY25: Bernstein

Mukesh Ambani’s Reliance Jio is likely to capture 48 per cent of Indian mobile subscriber marketshare by 2025 with over half a billion users, Bernstein said in a report on Wednesday.

“At our last model update in December, we proclaimed Reliance Jio the new king of Indian telecommunications. Since then, we have seen a multitude of international investors reach the same conclusion,” the analyst said in the report.

Facebook kicked-off the party, investing ₹43,573.62 crore to secure 9.99 per cent stake. This was closely followed by a further ₹60,753.33 crore in investment spread across eight different private equity investors.