Unique depreciation policy allows Reliance Jio to report higher profit

Reliance Jio captured 12 per cent of active mobile users in the country within a year of launching its commercial operations — the fastest market share gain among other telecom entrants globally, according to a report by international brokerage firm Sanford C Bernstein & Co.   The Reliance Industries-owned telco also holds the distinction of turning profitable in record time. Jio reported its first quarterly profits in only its sixth quarter since launch of services. In comparison, Bharti Airtel turned profitable in FY04, nearly 10 years after launching services, while Idea Cellul.....

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