Bharti Airtel may have regained a top position in the March quarter by its revenue market share (RMS). The analysts have estimated, Reliance Jio to become the second largest telecommunication brand. After the merger between Vodafone India and Idea Cellular, this telco brand still continues to top the charts with the maximum number of subscribers. Nitin Soni, director of corporate ratings at Fitch Ratings said: “Jio has toppled Vodafone Idea and, in the next three-six months, will come close to Airtel’s expected revenue market share (RMS) of 32-33%,”. Fitch has estimated Vodafone Idea’s share up to 30%, Airtel and Jio likely at 32% and 31% for March-end.
With Jio’s latest addition of subscribers, the old telecommunication brands, Voda Idea, and Bharti Airtel have seen a reduction in the number of subscribers. We could see Jio’s RMS in the last quarter of 2018 increased to 29.7%, while that of Vodafone Idea and Airtel decreased to 31.4% and 30%, respectively.
Source: The Economic Times