Jio adds 9.4 million customers in March – eats into Vodafone-Idea and Airtel's market share in India
Reliance Jioadded 9.4 million customers in March, according to a report released by the Telecom Regulatory Authority of India.
- While Bharti
Airtellost 15.1 million consumers, Vodafone-Idea lost 14.5 million consumers in March.
- Jio currently ranks third in the Indian telecom race.
Jio’s total number of users now stands at 306.7 million in India. Meanwhile, its competitors, who have a larger user base, have seen a decline in numbers. Both Vodafone-Idea and Airtel lost consumers in March 2019 and their tally stands at 394.8 million and 325.1 million respectively. While Bharti Airtel lost 15.1 million consumers, Vodafone-Idea lost 14.5 million consumers in March.
The TRAI report also stated that during the month of March, a total of 5.30 million requests came in for Mobile Number Portability – which is used by users to switch network service providers.
Reliance Jio since its official launch in 2016, has become the talk of the town with its fast-growing numbers by offering cheap subscription and data plans to its consumers.
As Jio, with its deep pockets to withstand losses without hampering infrastructure growth, races to be the top telecom network in India, it also faces competition from the current top network - Vodafone-Idea. The newly merged entity Vodafone-Idea too is not taking the Jio threat lightly. Recently, the merged entity approved a ₹250 billion fund-raising plan to take on Reliance Jio.
Vodafone Idea is readying a $3.5 billion warchest to take on Jio-- and markets are cheering
Two years on, Reliance Jio continues to dominate Indian telecom market, beating global giants