Reliance Jio pips Bharti Airtel to become India’s 2nd largest mobile operator

Highlights:

  • According to regulator TRAI’s data, Reliance Jio has piped Bharti Airtel to become the second-largest mobile operator with 32.29 crore subscribers and 27.80 per cent market share in May 2019.
  • Reliance Jio is the newest entrant in the telecom sector.
  • The move assumes significance as Reliance Jio stormed into the highly-competitive telecom sector in September 2016 with its disruptive voice and data offerings, while Bharti Airtel had launched its services way back in 1995.
  • As per the latest data released by Telecom Regulatory Authority of India (TRAI), Vodafone Idea – born last year from the merger of older operators Vodafone India and Idea Cellular – continues to be the largest operator with 38.75 crore consumers and 33.36% market share in the wireless segment as on May 31, 2019.
  • Sunil Mittal-promoted Bharti Airtel has slipped to the third spot with 32.03 crore mobile subscribers and 27.58 % subscriber market share during the month.
  • Reliance Jio added 81.80 lakh new subscribers (on a net basis) in May and ended the month with 27.80 % market share and 32.29 crore subscribers.
  • Cash-strapped telecom PSU Bharat Sanchar Nigam Ltd (BSNL), that is awaiting a relief package from the government and has undertaken severe cost-cutting measures – added 2,125 wireless subscribers during May.
  • Vodafone Idea, in April too was the largest operator in India, by a wide margin, with 39.32 crore subscribers and 33.83 % of the overall wireless market.