has become the country’s third largest mobile operator by revenue. However, despite the stunning performance by the latest entrant, others were not far behind.
According to data for the March quarter of FY18 shared by Telecom
Regulatory Authority of India (Trai), the market share of Bharti Airtel, Vodafone and Idea expanded and remained comfortably ahead of Jio.
Jio, however, benefitted from the falling revenue of the fringe players.
Owing to intense competition and low tariffs, revenues of the telecom
industry continued to decline.
said Airtel’s revenue market share increased to 32.2 per cent in March 2018 quarter from 31.2 per cent in the December 2017 quarter. Similarly, Vodafone Idea’s combine share increased to 38 per cent from 37.3 per cent. Reliance Jio’s share increased to 20.1 per cent from 15.6 per cent. As expected, the losers were the small players who either exited the sector or merged with the bigger players. The revenue market share of other smaller telcos decreased to 9.7 per cent at the end of March 2018 quarter as compared to 15.9 per cent in the December 2017 quarter.
According to analysts, revenues of the telecom industry are down by $7 billion annually since the launch of services by Reliance Jio in September 2016. However, with most smaller telcos now having exited the market, the industry revenues are expected to largely bottom out at current levels.