Jio could emerge as telecom market leader in FY20

February 3, 2019

Mukesh Ambani

Reliance Jio Infocomm could emerge as the biggest telecom operator in fiscal year beginning April 1, a period which is unlikely to see the return of adequate pricing power for the financially stricken industry, said India Ratings and Research.
“RJio’s dominance will increase as it would continue to seize market share in terms of both subscribers and revenue from Bharti AirtelNSE 1.78 % and Vodafone-Idea and eventually emerge as the largest telecom player in the industry,” the agency has said in its release Thursday.
A presentation from the ratings agency showed that Jio would add one crore customers per month in the second half FY 2018-19 and 70 lakh per month in FY 2019-20.
“In terms of subscribers it will be neck-to-neck, but towards the end of FY20, such kind of scenario can prevail where Jio will have more than 30 per cent market share and others will have roughly 30 or a slightly lower number,” said Tanu Sharma, Associate Director of India Ratings and Research said.
Latest data from TRAI showed that Reliance Jio had 27.16 crore subscribers by the end of November, with an addition of around 88.01 lakh during the month.

Comments are closed.