Mumbai: Jio, which has hit the Telcom sector, has outperformed Vodafone Idea and Airtel in its June quarter earnings. According to data released by telecom regulator TRAI, Jio has outperformed Vodafone Idea and Airtel in terms of earnings in the April-June quarter. Jio has grossed Rs 10,900 crore in this quarter. Bharti Airtel's adjusted gross income in this quarter has been Rs 10,701.5 crore.
The country's growth rate will be 7 percent, this institution estimated!
According to data released by TRAI, Vodafone Idea's AGR has been less than Airtel's Rs 9,808.92 crore in the June quarter. Jio has thus become the number one operator in the telecom sector. Reliance Jio is currently the largest telecom service provider in the country. According to news agency PTI, Jio has added 33.13 crore subscribers three years after it entered the market. Before Reliance Jio, Vodafone Idea was the biggest company in the region, which has been beaten by Jio.
Soap companies reduce prices to boost sales
Vodafone Idea has a customer number of 32 crores. Jio has a 31.7 % market share in the telecom sector and Vodafone Idea has slipped to 28.1 %. On the other hand, Indian Airtel has retained a market share of around 30 %. Jio came into the telecom sector in September 2016. Bharti Airtel, on the other hand, stepped into the sector in 1995. Vodafone Idea came into existence in August last year when Vodafone India and Idea Cellular merged. After Jio's arrival, the telecom market was in turmoil.
