New Delhi: Reliance Jio has become the largest telecom player by revenue and subscriber base, India Ratings said on Monday. Reliance Jio Infocomm Ltd has remained aggressive in subscriber acquisition and has become the largest player in terms of wireless subscriber market share, broadband subscriber base and revenue, it said.
The increase in RJio’s subscriber base is largely at the cost of Vodafone Idea Ltd, whose subscriber market share has declined consistently in last two years. Revenue market share of RJio’s also grew to 34.9 per cent in 2QFY20, which is the highest in the industry compared to other players, the agency said. India Ratings also said that the industry is showing signs of recovery.